Insider Selling: Stericycle, Inc. (SRCL) Director Sells 19,753 Shares of Stock
Stericycle, Inc. (NASDAQ:SRCL) Director Mark C. Miller sold 19,753 shares of the stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $70.52, for a total transaction of $1,392,981.56. Following the completion of the transaction, the director now directly owns 205,576 shares of the company’s stock, valued at approximately $14,497,219.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Stericycle, Inc. (NASDAQ SRCL) remained flat at $70.85 during trading on Tuesday. The company had a trading volume of 551,379 shares. Stericycle, Inc. has a 52 week low of $68.62 and a 52 week high of $88.00. The firm has a 50 day moving average price of $71.33 and a 200 day moving average price of $76.63. The firm’s market cap is $6.05 billion.
Stericycle (NASDAQ:SRCL) last issued its quarterly earnings data on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. Stericycle had a negative net margin of 0.07% and a positive return on equity of 14.35%. The firm had revenue of $917.70 million for the quarter, compared to analyst estimates of $902.81 million. During the same period in the prior year, the business posted $1.18 EPS. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities analysts predict that Stericycle, Inc. will post $4.59 EPS for the current fiscal year.
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Hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. lifted its holdings 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 during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Stericycle by 8.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,540 shares of the business services provider’s stock worth $194,000 after acquiring an additional 200 shares during the last quarter. Smith Shellnut Wilson LLC ADV acquired a new position in shares of Stericycle in the 2nd quarter worth approximately $223,000. Intact Investment Management Inc. acquired a new position in shares of Stericycle in the 2nd quarter worth approximately $237,000. Finally, Douglass Winthrop Advisors LLC lifted its holdings in shares of Stericycle by 6.5% in the 2nd quarter. Douglass Winthrop Advisors LLC now owns 3,120 shares of the business services provider’s stock worth $238,000 after acquiring an additional 190 shares during the last quarter. Hedge funds and other institutional investors own 93.92% of the company’s stock.
Several analysts have issued reports on the stock. Jefferies Group LLC set a $108.00 price objective on shares of Stericycle and gave the stock a “buy” rating in a research note on Tuesday, October 17th. Zacks Investment Research raised shares of Stericycle from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Wednesday, July 5th. William Blair reissued an “ourperform” rating on shares of Stericycle in a research note on Thursday, September 14th. Barclays PLC reissued an “overweight” rating and issued a $100.00 price objective on shares of Stericycle in a research note on Wednesday, August 9th. Finally, BidaskClub raised shares of Stericycle from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $81.25.
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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