Insider Selling: Stericycle, Inc. (SRCL) Director Sells 19,753 Shares of Stock
Stericycle, Inc. (NASDAQ:SRCL) Director Mark C. Miller sold 19,753 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $64.03, for a total transaction of $1,264,784.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Stericycle, Inc. (SRCL) traded up $0.04 during trading on Tuesday, hitting $64.06. 827,100 shares of the stock were exchanged, compared to its average volume of 818,588. 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 twelve month low of $61.62 and a twelve month high of $88.00. The firm has a market capitalization of $5,465.57, a PE ratio of 14.75, a price-to-earnings-growth ratio of 1.75 and a beta of 0.19.
Stericycle (NASDAQ:SRCL) last issued 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). 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 during the quarter, compared to analyst estimates of $896.81 million. During the same quarter in the previous year, the firm posted $1.24 earnings per share. Stericycle’s quarterly revenue was down .8% compared to the same quarter last year. equities research analysts anticipate that Stericycle, Inc. will post 4.49 EPS for the current year.
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Several research firms have commented on SRCL. Barrington Research decreased their target price on shares of Stericycle from $87.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday. BMO Capital Markets decreased their target price on shares of Stericycle from $74.00 to $62.00 and set a “market perform” rating for the company in a research report on Friday. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 target price (down from $95.00) on shares of Stericycle in a research report on Thursday, November 9th. Jefferies Group LLC set a $108.00 target price on shares of Stericycle and gave the stock a “buy” rating in a research report on Friday, August 11th. Finally, BidaskClub downgraded shares of Stericycle from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 1st. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $77.17.
Several institutional investors have recently modified their holdings of SRCL. First Merchants Corp acquired a new position in Stericycle during the 3rd quarter valued at $1,483,000. Cipher Capital LP acquired a new position in Stericycle during the 2nd quarter valued at $2,600,000. Stevens Capital Management LP acquired a new position in Stericycle during the 2nd quarter valued at $6,240,000. Janus Henderson Group PLC raised its stake in Stericycle by 31.4% during the 2nd quarter. Janus Henderson Group PLC now owns 16,847 shares of the business services provider’s stock valued at $1,286,000 after purchasing an additional 4,021 shares during the last quarter. Finally, FNY Managed Accounts LLC acquired a new position in Stericycle during the 2nd quarter valued at $507,000. Institutional investors and hedge funds own 94.19% of the company’s stock.
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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