Louisiana State Employees Retirement System Has $583,000 Position in Stericycle Inc. (SRCL)
Louisiana State Employees Retirement System decreased its position in Stericycle Inc. (NASDAQ:SRCL) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,600 shares of the company’s stock after selling 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Stericycle were worth $583,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in Stericycle during the second quarter worth $155,000. Canada Pension Plan Investment Board increased its stake in Stericycle by 54.1% in the first quarter. Canada Pension Plan Investment Board now owns 1,415 shares of the company’s stock worth $179,000 after buying an additional 497 shares during the period. Trust Co. of Vermont increased its stake in Stericycle by 70.9% in the second quarter. Trust Co. of Vermont now owns 1,784 shares of the company’s stock worth $186,000 after buying an additional 740 shares during the period. Jones Financial Companies Lllp purchased a new stake in Stericycle during the first quarter worth $203,000. Finally, Charter Trust Co. purchased a new stake in Stericycle during the second quarter worth $203,000. 92.76% of the stock is currently owned by institutional investors and hedge funds.
Stericycle Inc. (NASDAQ:SRCL) traded down 1.70% on Monday, reaching $74.19. 1,071,370 shares of the company traded hands. The stock has a 50-day moving average of $79.91 and a 200 day moving average of $96.91. The company has a market capitalization of $6.31 billion, a PE ratio of 26.11 and a beta of 0.21. Stericycle Inc. has a 52-week low of $72.89 and a 52-week high of $151.57.
Stericycle (NASDAQ:SRCL) last announced its quarterly earnings results on Thursday, July 28th. The company reported $1.18 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.18. Stericycle had a net margin of 7.22% and a return on equity of 14.84%. The business had revenue of $891.60 million for the quarter, compared to analyst estimates of $910.29 million. During the same quarter in the prior year, the business earned $1.14 EPS. Stericycle’s quarterly revenue was up 24.6% on a year-over-year basis. On average, equities analysts forecast that Stericycle Inc. will post $4.67 EPS for the current year.
A number of equities research analysts recently weighed in on the company. Macquarie assumed coverage on Stericycle in a research report on Thursday, August 25th. They set a “neutral” rating and a $96.00 target price on the stock. Jefferies Group reissued a “buy” rating and set a $112.50 target price (down from $125.00) on shares of Stericycle in a research report on Wednesday, September 7th. Zacks Investment Research raised Stericycle from a “sell” rating to a “hold” rating in a research report on Monday, July 4th. Imperial Capital downgraded Stericycle from an “in-line” rating to an “underperform” rating and decreased their target price for the stock from $100.00 to $93.50 in a research report on Friday, July 29th. Finally, Wellington Shields cut shares of Stericycle from an “accumulate” rating to a “hold” rating in a research note on Friday, July 29th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. Stericycle has an average rating of “Hold” and a consensus price target of $103.54.
In related news, Director Rodney F. Dammeyer sold 10,188 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were sold at an average price of $85.50, for a total value of $871,074.00. Following the transaction, the director now owns 10,188 shares in the company, valued at approximately $871,074. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John P. Schetz sold 1,398 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $81.85, for a total transaction of $114,426.30. Following the completion of the transaction, the executive vice president now owns 1,088 shares in the company, valued at approximately $89,052.80. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by corporate insiders.
Stericycle, Inc is a business-to-business services provider with a focus on regulated and compliance solutions for healthcare, retail and commercial businesses. The Company’s solutions include the collection and processing of specialized waste for disposal, the collection of personal and confidential information for secure destruction, and a range of training, consulting, recall/return, communication and compliance services.
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