HL Financial Services LLC Grows Position in Stericycle, Inc. (SRCL)
HL Financial Services LLC increased its position in shares of Stericycle, Inc. (NASDAQ:SRCL) by 34.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,610 shares of the business services provider’s stock after purchasing an additional 1,949 shares during the quarter. HL Financial Services LLC’s holdings in Stericycle were worth $545,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in SRCL. Pacer Advisors Inc. lifted 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 acquiring an additional 145 shares during the period. Benjamin F. Edwards & Company Inc. lifted 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 acquiring an additional 200 shares during the period. Intact Investment Management Inc. acquired a new position in Stericycle in the second quarter valued at approximately $237,000. Douglass Winthrop Advisors LLC lifted 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 acquiring an additional 190 shares during the period. Finally, Heartland Advisors Inc. acquired a new position in Stericycle in the second quarter valued at approximately $240,000. 94.19% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Mark C. Miller sold 19,753 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $70.52, for a total transaction of $1,392,981.56. Following the completion of the sale, the director now directly owns 205,576 shares in the company, valued at $14,497,219.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is currently owned by insiders.
A number of research analysts have issued reports on SRCL shares. William Blair reissued an “ourperform” rating on shares of Stericycle in a report on Thursday, September 14th. Jefferies Group LLC set a $108.00 price target on Stericycle and gave the company a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research downgraded Stericycle from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Royal Bank Of Canada decreased their price target on Stericycle from $74.00 to $67.00 and set an “underperform” rating for the company in a report on Thursday, November 9th. Finally, BidaskClub raised Stericycle from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $77.17.
Shares of Stericycle, Inc. (SRCL) opened at $64.06 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.82 and a current ratio of 0.82. Stericycle, Inc. has a 12-month low of $61.62 and a 12-month high of $88.00. The company has a market capitalization of $5,465.57, a P/E ratio of 14.75, a P/E/G ratio of 1.75 and a beta of 0.19.
Stericycle (NASDAQ:SRCL) last issued its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.10 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $883.00 million for the quarter, compared to analysts’ expectations of $896.81 million. During the same quarter in the previous year, the firm posted $1.24 earnings per share. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. analysts predict that Stericycle, Inc. will post 4.49 EPS 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.
Receive News & Ratings for Stericycle Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stericycle Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.