US Bancorp DE cut its stake in Stericycle Inc (NASDAQ:SRCL) by 70.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,977 shares of the business services provider’s stock after selling 47,515 shares during the period. US Bancorp DE’s holdings in Stericycle were worth $1,358,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of SRCL. First Merchants Corp acquired a new stake in shares of Stericycle during the third quarter worth $1,483,000. California Public Employees Retirement System raised its holdings in shares of Stericycle by 2.9% during the third quarter. California Public Employees Retirement System now owns 156,984 shares of the business services provider’s stock worth $11,243,000 after purchasing an additional 4,384 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of Stericycle by 29.2% during the third quarter. BNP Paribas Arbitrage SA now owns 64,921 shares of the business services provider’s stock worth $4,368,000 after purchasing an additional 14,677 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Stericycle by 31.4% during the second quarter. Janus Henderson Group PLC now owns 16,847 shares of the business services provider’s stock worth $1,286,000 after purchasing an additional 4,021 shares during the period. Finally, Stifel Financial Corp raised its holdings in shares of Stericycle by 15.1% during the third quarter. Stifel Financial Corp now owns 99,039 shares of the business services provider’s stock worth $7,128,000 after purchasing an additional 12,997 shares during the period. 92.57% of the stock is currently owned by hedge funds and other institutional investors.
SRCL has been the topic of a number of research reports. BidaskClub raised shares of Stericycle from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. BMO Capital Markets dropped their target price on shares of Stericycle from $74.00 to $62.00 and set a “market perform” rating on the stock in a report on Friday, November 10th. Zacks Investment Research upgraded shares of Stericycle from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Robert W. Baird upgraded shares of Stericycle from an “underperform” rating to a “neutral” rating and set a $73.00 price target for the company in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus restated a “buy” rating and set a $85.00 price target (down previously from $95.00) on shares of Stericycle in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Stericycle has a consensus rating of “Hold” and a consensus price target of $73.70.
Stericycle Inc (SRCL) opened at $76.02 on Tuesday. The company has a market cap of $6,490.05, a PE ratio of -133.37, a PEG ratio of 1.79 and a beta of 0.26. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.93. Stericycle Inc has a 12-month low of $61.25 and a 12-month high of $88.00.
In other news, Director Mark C. Miller sold 19,753 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $67.43, for a total transaction of $1,331,944.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.50% of the stock is currently owned by corporate insiders.
Stericycle Company Profile
Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.
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