Zions Bancorporation purchased a new position in shares of Stericycle, Inc. (NASDAQ:SRCL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,255 shares of the business services provider’s stock, valued at approximately $233,000.

Several other hedge funds have also modified their holdings of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Stericycle by 0.4% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,335 shares of the business services provider’s stock worth $483,000 after acquiring an additional 24 shares during the last quarter. RiverPoint Capital Management LLC raised its position in Stericycle by 0.6% during the 2nd quarter. RiverPoint Capital Management LLC now owns 5,152 shares of the business services provider’s stock valued at $393,000 after purchasing an additional 29 shares in the last quarter. Sentry Investment Management LLC raised its position in Stericycle by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 6,418 shares of the business services provider’s stock valued at $490,000 after purchasing an additional 70 shares in the last quarter. Great Lakes Advisors LLC raised its position in Stericycle by 0.6% during the 2nd quarter. Great Lakes Advisors LLC now owns 14,141 shares of the business services provider’s stock valued at $1,079,000 after purchasing an additional 84 shares in the last quarter. Finally, State of Tennessee Treasury Department raised its position in Stericycle by 0.4% during the 2nd quarter. State of Tennessee Treasury Department now owns 23,321 shares of the business services provider’s stock valued at $1,780,000 after purchasing an additional 87 shares in the last quarter. 94.63% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have weighed in on SRCL. William Blair reaffirmed an “ourperform” rating on shares of Stericycle in a research report on Thursday, September 14th. Royal Bank of Canada decreased their target price on Stericycle from $74.00 to $67.00 and set an “underperform” rating for the company in a research report on Thursday, November 9th. BMO Capital Markets decreased their target price on Stericycle from $74.00 to $62.00 and set a “market perform” rating for the company in a research report on Friday, November 10th. Jefferies Group set a $108.00 target price on Stericycle and gave the company a “buy” rating in a research report on Tuesday, October 17th. Finally, BidaskClub raised Stericycle from a “strong sell” rating to a “sell” rating in a research report on Saturday, December 2nd. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $76.73.

Stericycle, Inc. (SRCL) opened at $67.17 on Tuesday. The company has a market capitalization of $5,684.13, a price-to-earnings ratio of 15.34, a PEG ratio of 1.62 and a beta of 0.16. 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 1 year low of $61.25 and a 1 year high of $88.00.

Stericycle (NASDAQ:SRCL) last released its quarterly earnings results on Wednesday, November 8th. The business services provider reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.04). The company 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 company’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 earnings per share. research analysts anticipate that Stericycle, Inc. will post 4.5 earnings per share 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, December 4th. The stock was sold at an average price of $67.43, for a total value of $1,331,944.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders sold 79,012 shares of company stock valued at $5,240,668. Corporate insiders own 3.50% of the company’s stock.

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Stericycle 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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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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