Stratos Wealth Partners LTD. reduced its holdings in Stericycle, Inc. (NASDAQ:SRCL) by 2.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,718 shares of the business services provider’s stock after selling 1,319 shares during the period. Stratos Wealth Partners LTD. owned about 0.05% of Stericycle worth $3,274,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. grew its holdings in Stericycle by 8.4% in the second quarter. Pacer Advisors Inc. now owns 1,880 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 145 shares during the period. Benjamin F. Edwards & Company Inc. grew its holdings in Stericycle by 8.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,540 shares of the business services provider’s stock valued at $194,000 after purchasing an additional 200 shares during the period. Intact Investment Management Inc. acquired a new stake in Stericycle in the second quarter valued at approximately $237,000. Douglass Winthrop Advisors LLC grew its holdings in Stericycle by 6.5% in the second quarter. Douglass Winthrop Advisors LLC now owns 3,120 shares of the business services provider’s stock valued at $238,000 after purchasing an additional 190 shares during the period. Finally, Heartland Advisors Inc. acquired a new stake in Stericycle in the second quarter valued at approximately $240,000. 94.19% of the stock is currently owned by institutional investors.
Several analysts have commented on the company. Barrington Research dropped their price objective on Stericycle from $87.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. BMO Capital Markets lowered their price target on Stericycle from $74.00 to $62.00 and set a “market perform” rating on the stock in a research note on Friday, November 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 price target (down from $95.00) on shares of Stericycle in a research note on Thursday, November 9th. Royal Bank Of Canada lowered their price target on Stericycle from $74.00 to $67.00 and set an “underperform” rating on the stock in a research note on Thursday, November 9th. Finally, Jefferies Group LLC set a $108.00 price target on Stericycle and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $76.73.
Stericycle, Inc. (NASDAQ:SRCL) traded down $0.48 during midday trading on Thursday, reaching $63.06. The company’s stock had a trading volume of 959,200 shares, compared to its average volume of 820,429. The firm has a market capitalization of $5,424.59, a price-to-earnings ratio of 14.64, a P/E/G ratio of 1.55 and a beta of 0.19. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.82 and a quick ratio of 0.82. Stericycle, Inc. has a one year low of $61.62 and a one year high of $88.00.
Stericycle (NASDAQ:SRCL) last released its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.04). The company had revenue of $883.00 million for the quarter, compared to analyst estimates of $896.81 million. Stericycle had a positive return on equity of 13.93% and a negative net margin of 0.79%. The business’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the firm posted $1.24 EPS. equities research analysts predict that Stericycle, Inc. will post 4.49 earnings per share for the current fiscal year.
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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