Sapience Investments LLC acquired a new stake in Stericycle Inc (NASDAQ:SRCL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 19,240 shares of the business services provider’s stock, valued at approximately $1,308,000.
Other institutional investors have also recently bought and sold shares of the company. NEXT Financial Group Inc lifted its position in shares of Stericycle by 77.9% during the third quarter. NEXT Financial Group Inc now owns 2,322 shares of the business services provider’s stock worth $164,000 after acquiring an additional 1,017 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Stericycle by 500.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,000 shares of the business services provider’s stock worth $204,000 after acquiring an additional 2,500 shares in the last quarter. Balter Liquid Alternatives LLC purchased a new stake in shares of Stericycle during the fourth quarter worth $206,000. Roberts Glore & Co. Inc. IL purchased a new stake in shares of Stericycle during the fourth quarter worth $210,000. Finally, Investors Research Corp purchased a new stake in shares of Stericycle during the fourth quarter worth $212,000. Institutional investors and hedge funds own 94.24% of the company’s stock.
SRCL has been the topic of several recent research reports. Jefferies Group set a $83.00 target price on Stericycle and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 price target on shares of Stericycle in a report on Thursday, December 28th. Barrington Research reaffirmed a “buy” rating on shares of Stericycle in a report on Monday, February 26th. BidaskClub raised shares of Stericycle from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $72.00 price target on shares of Stericycle in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $70.67.
Stericycle (NASDAQ:SRCL) last released its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.14). The firm had revenue of $887.80 million during the quarter, compared to the consensus estimate of $882.62 million. Stericycle had a return on equity of 13.83% and a net margin of 1.18%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.00 EPS. research analysts expect that Stericycle Inc will post 4.58 EPS for the current year.
In other news, Director Jack W. Schuler bought 10,000 shares of Stericycle stock in a transaction that occurred on Thursday, March 1st. The shares were acquired at an average price of $62.59 per share, with a total value of $625,900.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.50% of the company’s stock.
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Stericycle Company 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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