Sadoff Investment Management LLC trimmed its stake in Stericycle, Inc. (NASDAQ:SRCL) by 2.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 329,045 shares of the business services provider’s stock after selling 8,962 shares during the quarter. Stericycle comprises about 1.8% of Sadoff Investment Management LLC’s holdings, making the stock its 25th biggest position. Sadoff Investment Management LLC owned 0.36% of Stericycle worth $20,750,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Comerica Bank increased its position in Stericycle by 4.8% during the 2nd quarter. Comerica Bank now owns 60,191 shares of the business services provider’s stock valued at $3,639,000 after purchasing an additional 2,778 shares during the period. CIBC Private Wealth Group LLC raised its position in Stericycle by 30.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 40,139 shares of the business services provider’s stock valued at $2,533,000 after purchasing an additional 9,295 shares in the last quarter. Principal Financial Group Inc. raised its position in Stericycle by 0.8% in the 2nd quarter. Principal Financial Group Inc. now owns 281,294 shares of the business services provider’s stock valued at $15,747,000 after purchasing an additional 2,228 shares in the last quarter. NEXT Financial Group Inc acquired a new stake in Stericycle in the 3rd quarter valued at about $56,000. Finally, First Trust Advisors LP acquired a new stake in Stericycle in the 2nd quarter valued at about $2,148,000.
SRCL has been the topic of a number of analyst reports. Berenberg Bank started coverage on Stericycle in a research report on Thursday, October 15th. They issued a “buy” rating and a $76.00 price target on the stock. BidaskClub upgraded Stericycle from a “hold” rating to a “buy” rating in a research note on Tuesday, October 27th. Bank of America raised their price target on Stericycle from $44.00 to $52.00 and gave the stock an “underperform” rating in a research note on Monday, August 17th. Raymond James reiterated a “hold” rating on shares of Stericycle in a research note on Tuesday, October 6th. Finally, BMO Capital Markets lifted their target price on Stericycle from $68.00 to $74.00 and gave the company a “market perform” rating in a research note on Friday, November 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $66.63.
Shares of NASDAQ:SRCL traded up $0.47 during trading on Monday, hitting $72.47. 2,404 shares of the company traded hands, compared to its average volume of 562,621. The stock has a market capitalization of $6.59 billion, a price-to-earnings ratio of -21.89, a PEG ratio of 4.74 and a beta of 1.20. The business’s fifty day moving average is $68.24 and its 200-day moving average is $61.50. Stericycle, Inc. has a one year low of $38.45 and a one year high of $79.50. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.87.
Stericycle (NASDAQ:SRCL) last posted its earnings results on Thursday, November 5th. The business services provider reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.11. The company had revenue of $636.40 million during the quarter, compared to analyst estimates of $640.63 million. Stericycle had a positive return on equity of 9.73% and a negative net margin of 10.05%. The business’s revenue was down 23.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.80 earnings per share. On average, analysts forecast that Stericycle, Inc. will post 2.14 EPS for the current year.
Stericycle Company Profile
Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States, Europe, and internationally. It operates through three segments: North America RWCS; International RWCS; and Domestic Communication and Related Services.
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