Pictet Asset Management Ltd. Grows Holdings in Stericycle, Inc. (SRCL)
Pictet Asset Management Ltd. grew its holdings in Stericycle, Inc. (NASDAQ:SRCL) by 3.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,086 shares of the business services provider’s stock after purchasing an additional 1,500 shares during the quarter. Pictet Asset Management Ltd. owned about 0.05% of Stericycle worth $3,301,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in SRCL. JPMorgan Chase & Co. lifted its stake in Stericycle by 34.6% in the 1st quarter. JPMorgan Chase & Co. now owns 16,839 shares of the business services provider’s stock worth $1,396,000 after purchasing an additional 4,331 shares in the last quarter. OppenheimerFunds Inc. lifted its stake in Stericycle by 1.2% in the 1st quarter. OppenheimerFunds Inc. now owns 5,266 shares of the business services provider’s stock worth $436,000 after purchasing an additional 60 shares in the last quarter. Wellington Management Group LLP purchased a new position in Stericycle in the 1st quarter worth approximately $292,000. Teachers Advisors LLC lifted its stake in Stericycle by 6.7% in the 1st quarter. Teachers Advisors LLC now owns 96,652 shares of the business services provider’s stock worth $8,011,000 after purchasing an additional 6,069 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Stericycle by 55.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 377,242 shares of the business services provider’s stock worth $31,264,000 after purchasing an additional 134,803 shares in the last quarter. 94.19% of the stock is currently owned by institutional investors and hedge funds.
Shares of Stericycle, Inc. (NASDAQ SRCL) opened at $64.02 on Monday. Stericycle, Inc. has a 1-year low of $61.62 and a 1-year high of $88.00. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap 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 posted its earnings results on Wednesday, November 8th. The business services provider reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.04). Stericycle had a negative net margin of 0.79% and a positive return on equity of 13.93%. The company had revenue of $883.00 million during the quarter, compared to analyst estimates of $896.81 million. During the same quarter last year, the business posted $1.24 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. equities analysts expect that Stericycle, Inc. will post 4.49 earnings per share for the current fiscal year.
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In related news, Director Mark C. Miller sold 19,753 shares of Stericycle stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $70.52, for a total value of $1,392,981.56. Following the completion of the sale, the director now owns 205,576 shares in the company, valued at approximately $14,497,219.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is currently owned by company insiders.
SRCL has been the topic of a number of research reports. BidaskClub lowered shares of Stericycle from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of Stericycle from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Stifel Nicolaus restated a “buy” rating and set a $85.00 price target (down previously from $95.00) on shares of Stericycle in a report on Thursday. Jefferies Group LLC set a $108.00 price target on shares of Stericycle and gave the stock a “buy” rating in a report on Tuesday, October 17th. Finally, William Blair restated an “ourperform” rating on shares of Stericycle in a report on Thursday, September 14th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $77.17.
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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