Wendell David Associates Inc. Has $1.27 Million Position in Stericycle Inc (SRCL)
Wendell David Associates Inc. lowered its position in shares of Stericycle Inc (NASDAQ:SRCL) by 26.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 18,632 shares of the business services provider’s stock after selling 6,575 shares during the period. Wendell David Associates Inc.’s holdings in Stericycle were worth $1,267,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Stericycle by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,335 shares of the business services provider’s stock valued at $483,000 after purchasing an additional 24 shares during the period. Sentry Investment Management LLC boosted its holdings in shares of Stericycle by 1.1% in the second quarter. Sentry Investment Management LLC now owns 6,418 shares of the business services provider’s stock valued at $490,000 after buying an additional 70 shares during the period. State of Tennessee Treasury Department boosted its holdings in shares of Stericycle by 0.4% in the second quarter. State of Tennessee Treasury Department now owns 23,321 shares of the business services provider’s stock valued at $1,780,000 after buying an additional 87 shares during the period. AXA boosted its holdings in shares of Stericycle by 1.0% in the second quarter. AXA now owns 10,489 shares of the business services provider’s stock valued at $801,000 after buying an additional 100 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in shares of 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 buying an additional 145 shares during the period. Hedge funds and other institutional investors own 94.49% of the company’s stock.
Shares of Stericycle Inc (NASDAQ SRCL) traded up $0.02 during mid-day trading on Tuesday, hitting $71.60. 857,500 shares of the stock were exchanged, compared to its average volume of 653,111. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.82 and a current ratio of 0.82. The company has a market capitalization of $6,180.00, a price-to-earnings ratio of -127.86, a PEG ratio of 1.74 and a beta of 0.16. Stericycle Inc has a twelve month low of $61.25 and a twelve month high of $88.00.
Stericycle (NASDAQ:SRCL) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.10 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.04). The business had revenue of $883.00 million during 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%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 EPS. equities analysts predict that Stericycle Inc will post 4.49 EPS for the current year.
In other news, Director Mark C. Miller sold 19,753 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $64.03, for a total value of $1,264,784.59. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last three months, insiders sold 79,012 shares of company stock worth $5,240,668. 3.50% of the stock is currently owned by insiders.
SRCL has been the subject of several research analyst reports. 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 report on Thursday, November 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 price target on shares of Stericycle in a report on Thursday, December 28th. BMO Capital Markets reduced their price target on shares of Stericycle from $74.00 to $62.00 and set a “market perform” rating for the company in a report on Friday, November 10th. Zacks Investment Research cut shares of Stericycle from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Finally, Jefferies Group set a $108.00 price target on shares of Stericycle and gave the company a “buy” rating in a report on Tuesday, October 17th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $74.45.
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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