Stericycle Inc (NASDAQ:SRCL) saw a large drop in short interest in November. As of November 30th, there was short interest totalling 5,169,592 shares, a drop of 20.6% from the November 15th total of 6,507,510 shares. Approximately 6.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 798,996 shares, the short-interest ratio is presently 6.5 days.

Stericycle (NASDAQ:SRCL) opened at $65.86 on Friday. 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 has a 12 month low of $61.25 and a 12 month high of $88.00. The stock has a market capitalization of $5,640.00, a P/E ratio of 15.51, a PEG ratio of 1.64 and a beta of 0.16.

Stericycle (NASDAQ:SRCL) last posted its earnings results on Wednesday, November 8th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.04). Stericycle had a net margin of 4.43% and a return on equity of 5.12%. The business had revenue of $883.00 million for the quarter, compared to analysts’ expectations of $896.81 million. During the same period last year, the firm posted $1.24 earnings per share. Stericycle’s quarterly revenue was down .8% on a year-over-year basis. sell-side analysts anticipate that Stericycle will post 4.5 EPS for the current fiscal year.

A number of equities analysts have commented on SRCL shares. BMO Capital Markets decreased their price target on Stericycle from $74.00 to $62.00 and set a “market perform” rating on the stock in a research note on Friday, November 10th. BidaskClub raised Stericycle from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 2nd. Zacks Investment Research cut Stericycle from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 price target (down from $95.00) on shares of Stericycle in a research note on Thursday, November 9th. Finally, Jefferies Group set a $83.00 price target on Stericycle and gave the stock a “buy” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $74.45.

In related news, Director Mark C. Miller sold 19,753 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was 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 SEC, which is available through this link. Over the last three months, insiders have sold 79,012 shares of company stock worth $5,240,668. 3.50% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Schroder Investment Management Group bought a new stake in shares of Stericycle during the second quarter valued at approximately $80,497,000. Thompson Siegel & Walmsley LLC bought a new stake in shares of Stericycle during the second quarter valued at approximately $33,710,000. BlackRock Inc. boosted its position in shares of Stericycle by 6.4% during the second quarter. BlackRock Inc. now owns 5,413,244 shares of the business services provider’s stock valued at $413,139,000 after purchasing an additional 323,664 shares in the last quarter. Clarkston Capital Partners LLC boosted its position in shares of Stericycle by 43.1% during the third quarter. Clarkston Capital Partners LLC now owns 1,013,885 shares of the business services provider’s stock valued at $72,614,000 after purchasing an additional 305,441 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in shares of Stericycle by 205.0% during the third quarter. Teacher Retirement System of Texas now owns 453,563 shares of the business services provider’s stock valued at $32,484,000 after purchasing an additional 304,864 shares in the last quarter. 94.63% of the stock is currently owned by hedge funds and other institutional investors.

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About Stericycle

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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