First Republic Investment Management Inc. Has $12.73 Million Stake in Stericycle, Inc. (SRCL)
First Republic Investment Management Inc. lifted its holdings in shares of Stericycle, Inc. (NASDAQ:SRCL) by 18.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 177,792 shares of the business services provider’s stock after buying an additional 27,295 shares during the period. First Republic Investment Management Inc. owned approximately 0.21% of Stericycle worth $12,733,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. First Merchants Corp acquired a new stake in Stericycle in the third quarter worth approximately $1,483,000. Cipher Capital LP bought a new position in shares of Stericycle in the second quarter valued at $2,600,000. Stevens Capital Management LP bought a new position in shares of Stericycle in the second quarter valued at $6,240,000. Janus Henderson Group PLC increased its holdings in shares of Stericycle by 31.4% in the second quarter. Janus Henderson Group PLC now owns 16,847 shares of the business services provider’s stock valued at $1,286,000 after buying an additional 4,021 shares in the last quarter. Finally, FNY Managed Accounts LLC bought a new position in shares of Stericycle in the second quarter valued at $507,000. Institutional investors and hedge funds own 94.63% of the company’s stock.
Shares of Stericycle, Inc. (NASDAQ:SRCL) opened at $66.95 on Friday. The stock has a market cap of $5,615.83, a price-to-earnings ratio of 15.16, a P/E/G ratio of 1.61 and a beta of 0.16. Stericycle, Inc. has a fifty-two week low of $61.25 and a fifty-two week high of $88.00. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.93.
Stericycle (NASDAQ:SRCL) last issued its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.04). Stericycle had a positive return on equity of 13.93% and a negative net margin of 0.79%. The business had revenue of $883.00 million during the quarter, compared to the consensus estimate of $896.81 million. During the same quarter in the prior year, the company posted $1.24 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. analysts anticipate that Stericycle, Inc. will post 4.49 EPS for the current fiscal year.
In other Stericycle news, Director Mark C. Miller sold 19,753 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $64.03, for a total transaction of $1,264,784.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 79,012 shares of company stock valued at $5,240,668 over the last 90 days. Corporate insiders own 3.50% of the company’s stock.
Several analysts have issued reports on SRCL shares. BidaskClub raised shares of Stericycle from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 2nd. Jefferies Group set a $108.00 target price on shares of Stericycle and gave the company a “buy” rating in a research note on Friday, August 11th. Barrington Research cut their target price on shares of Stericycle from $87.00 to $75.00 and set an “outperform” rating on the stock in a research note on Friday, November 10th. BMO Capital Markets cut their target price on shares of Stericycle from $74.00 to $62.00 and set a “market perform” rating on the stock in a research note on Friday, November 10th. Finally, Zacks Investment Research downgraded shares of Stericycle from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $76.73.
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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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