Noesis Capital Mangement Corp lowered its stake in Stericycle Inc (NASDAQ:SRCL) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,325 shares of the business services provider’s stock after selling 2,415 shares during the period. Stericycle comprises 1.7% of Noesis Capital Mangement Corp’s investment portfolio, making the stock its 29th biggest position. Noesis Capital Mangement Corp owned approximately 0.08% of Stericycle worth $4,917,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently bought and sold shares of the company. California Public Employees Retirement System raised its position in Stericycle by 2.9% in the 3rd quarter. California Public Employees Retirement System now owns 156,984 shares of the business services provider’s stock valued at $11,243,000 after purchasing an additional 4,384 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Stericycle by 29.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 64,921 shares of the business services provider’s stock valued at $4,368,000 after purchasing an additional 14,677 shares in the last quarter. Stifel Financial Corp raised its position in Stericycle by 15.1% in the 3rd quarter. Stifel Financial Corp now owns 99,039 shares of the business services provider’s stock valued at $7,128,000 after purchasing an additional 12,997 shares in the last quarter. Investor AB acquired a new stake in Stericycle in the 3rd quarter valued at about $716,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of Stericycle by 26.9% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 7,543 shares of the business services provider’s stock worth $540,000 after acquiring an additional 1,597 shares in the last quarter. 94.24% of the stock is currently owned by institutional investors.
Several equities research analysts have recently weighed in on the company. BidaskClub lowered Stericycle from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. Zacks Investment Research raised Stericycle from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Barrington Research reissued a “buy” rating on shares of Stericycle in a research report on Monday, February 26th. BMO Capital Markets reissued a “hold” rating and set a $72.00 target price on shares of Stericycle in a research report on Wednesday, January 24th. Finally, Oppenheimer reissued a “hold” rating on shares of Stericycle in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $70.67.
Shares of Stericycle Inc (NASDAQ:SRCL) traded up $0.59 during midday trading on Wednesday, hitting $65.21. The stock had a trading volume of 44,431 shares, compared to its average volume of 1,067,745. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.90. Stericycle Inc has a 1-year low of $58.53 and a 1-year high of $88.00. The firm has a market cap of $5,549.26, a price-to-earnings ratio of 248.55, a PEG ratio of 1.47 and a beta of 0.42.
Stericycle (NASDAQ:SRCL) last released its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.00 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.14). The firm had revenue of $887.80 million for the quarter, compared to analyst estimates of $882.62 million. Stericycle had a return on equity of 13.83% and a net margin of 1.18%. The company’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the firm earned $1.00 EPS. sell-side analysts forecast that Stericycle Inc will post 4.58 earnings per share for the current year.
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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