Vident Investment Advisory LLC Invests $622,000 in Stericycle Inc (SRCL)
Vident Investment Advisory LLC purchased a new position in Stericycle Inc (NASDAQ:SRCL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,686 shares of the business services provider’s stock, valued at approximately $622,000.
Several other large investors have also bought and sold shares of SRCL. Schroder Investment Management Group purchased a new position in shares of Stericycle in the second quarter worth about $80,497,000. Thompson Siegel & Walmsley LLC purchased a new position in shares of Stericycle in the second quarter worth about $33,710,000. BlackRock Inc. lifted its stake in shares of Stericycle by 6.4% in the second quarter. BlackRock Inc. now owns 5,413,244 shares of the business services provider’s stock worth $413,139,000 after buying an additional 323,664 shares in the last quarter. Clarkston Capital Partners LLC lifted its stake in shares of Stericycle by 43.1% in the third quarter. Clarkston Capital Partners LLC now owns 1,013,885 shares of the business services provider’s stock worth $72,614,000 after buying an additional 305,441 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in shares of Stericycle by 205.0% in the third quarter. Teacher Retirement System of Texas now owns 453,563 shares of the business services provider’s stock worth $32,484,000 after buying an additional 304,864 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.
In other Stericycle news, Director Mark C. Miller sold 19,753 shares of Stericycle 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have sold 79,012 shares of company stock valued at $5,240,668. Company insiders own 3.50% of the company’s stock.
Several equities research analysts recently issued reports on the stock. Jefferies Group set a $83.00 price objective on shares of Stericycle and gave the stock a “buy” rating in a research report on Wednesday. Oppenheimer restated a “hold” rating on shares of Stericycle in a research report on Wednesday. BidaskClub upgraded shares of Stericycle from a “strong sell” rating to a “sell” rating in a research report on Saturday, December 2nd. Barrington Research cut their price objective on shares of Stericycle from $87.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, November 10th. Finally, BMO Capital Markets cut their price objective 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, November 10th. 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 stock. The company presently has an average rating of “Hold” and an average price target of $74.45.
Shares of Stericycle Inc (NASDAQ:SRCL) opened at $66.88 on Friday. Stericycle Inc has a 12-month low of $61.25 and a 12-month high of $88.00. The stock has a market cap of $5,800.00, a PE ratio of 15.22, a P/E/G ratio of 1.61 and a beta of 0.16. 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 (NASDAQ:SRCL) last announced its quarterly 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). 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 for the quarter, compared to analyst estimates of $896.81 million. During the same quarter in the prior year, the business earned $1.24 earnings per share. Stericycle’s revenue was down .8% on a year-over-year basis. analysts predict that Stericycle Inc will post 4.5 EPS for the current 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.
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