Stericycle Inc (SRCL) Stake Lessened by Sheets Smith Wealth Management
Sheets Smith Wealth Management decreased its position in Stericycle Inc (NASDAQ:SRCL) by 63.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,625 shares of the business services provider’s stock after selling 32,875 shares during the quarter. Sheets Smith Wealth Management’s holdings in Stericycle were worth $1,266,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SRCL. Pacer Advisors Inc. grew its stake in shares of Stericycle by 8.4% in the 2nd quarter. Pacer Advisors Inc. now owns 1,880 shares of the business services provider’s stock worth $143,000 after acquiring an additional 145 shares in the last quarter. NEXT Financial Group Inc grew its position in Stericycle by 77.9% during the third quarter. NEXT Financial Group Inc now owns 2,322 shares of the business services provider’s stock valued at $164,000 after buying an additional 1,017 shares during the period. ARGI Investment Services LLC bought a new position in Stericycle during the third quarter valued at about $215,000. Zions Bancorporation bought a new position in Stericycle during the third quarter valued at about $233,000. Finally, Cadence Capital Management LLC bought a new position in Stericycle during the third quarter valued at about $234,000. Hedge funds and other institutional investors own 94.48% of the company’s stock.
Shares of Stericycle Inc (NASDAQ SRCL) traded up $0.02 during trading hours on Friday, reaching $71.60. 857,516 shares of the company’s stock were exchanged, compared to its average volume of 653,111. 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 company has a market capitalization of $6,120.00, a price-to-earnings ratio of -127.86, a PEG ratio of 1.73 and a beta of 0.16. Stericycle Inc has a 12-month low of $61.25 and a 12-month high of $88.00.
Stericycle (NASDAQ:SRCL) last issued its earnings results on Wednesday, November 8th. The business services provider reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). The business had revenue of $883.00 million for the quarter, compared to the consensus estimate of $896.81 million. Stericycle had a positive return on equity of 13.93% and a negative net margin of 0.79%. Stericycle’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 EPS. sell-side analysts expect that Stericycle Inc will post 4.49 EPS for the current year.
Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Stericycle from a “sell” rating to a “hold” rating in a research report on Wednesday. BidaskClub lowered shares of Stericycle from a “hold” rating to a “sell” rating in a research report on Thursday. William Blair restated an “ourperform” rating on shares of Stericycle in a research report on Thursday, September 14th. Royal Bank of Canada reduced their price target on shares of Stericycle from $74.00 to $67.00 and set an “underperform” rating for the company in a research report on Thursday, November 9th. Finally, Oppenheimer restated a “hold” rating on shares of Stericycle in a research report on Wednesday, December 13th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $74.45.
In other Stericycle news, Director Mark C. Miller sold 19,753 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $63.33, for a total transaction of $1,250,957.49. Following the completion of the transaction, the director now owns 205,854 shares in the company, valued at $13,036,733.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 79,012 shares of company stock valued at $5,240,668 in the last quarter. Company insiders own 3.50% 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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