Stericycle CEO Sells $1,968,945 in Stock (SRCL)
Stericycle (NASDAQ:SRCL) CEO Charles A. Alutto sold 16,500 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $119.33, for a total value of $1,968,945.00. Following the completion of the sale, the chief executive officer now directly owns 450 shares of the company’s stock, valued at approximately $53,699. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Stericycle (NASDAQ:SRCL) traded up 0.30% during mid-day trading on Wednesday, hitting $119.77. The stock had a trading volume of 232,298 shares. Stericycle has a 1-year low of $108.62 and a 1-year high of $125.43. The stock’s 50-day moving average is $118.4 and its 200-day moving average is $115.6. The company has a market cap of $10.158 billion and a price-to-earnings ratio of 32.36.
Stericycle (NASDAQ:SRCL) last released its earnings data on Thursday, July 24th. The company reported $1.03 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.03. The company had revenue of $640.80 million for the quarter, compared to the consensus estimate of $633.95 million. During the same quarter last year, the company posted $0.93 earnings per share. Stericycle’s revenue was up 21.7% compared to the same quarter last year. Analysts expect that Stericycle will post $4.25 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Stericycle in a research note on Monday, July 28th. They now have a $124.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Stericycle in a research note on Friday, July 25th. They now have a $136.00 price target on the stock, up previously from $127.00. Finally, analysts at Robert W. Baird upgraded shares of Stericycle from a “neutral” rating to an “outperform” rating in a research note on Friday, June 13th. They now have a $140.00 price target on the stock, up previously from $128.00. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $131.45.
Stericycle, Inc, is in the business of managing regulated waste and providing an array of related and complementary services.
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