Gofen & Glossberg LLC IL reduced its position in Stericycle Inc (NASDAQ:SRCL) by 38.3% during the 4th quarter, Holdings Channel reports. The firm owned 40,338 shares of the business services provider’s stock after selling 25,077 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Stericycle were worth $2,743,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its holdings in shares of Stericycle by 5.2% during the 4th quarter. Nisa Investment Advisors LLC now owns 22,248 shares of the business services provider’s stock valued at $1,513,000 after acquiring an additional 1,100 shares during the last quarter. Addenda Capital Inc. increased its holdings in shares of Stericycle by 3.5% during the 4th quarter. Addenda Capital Inc. now owns 32,086 shares of the business services provider’s stock valued at $2,182,000 after acquiring an additional 1,084 shares during the last quarter. Hikari Power Ltd increased its holdings in shares of Stericycle by 18.7% during the 4th quarter. Hikari Power Ltd now owns 42,500 shares of the business services provider’s stock valued at $2,890,000 after acquiring an additional 6,700 shares during the last quarter. DnB Asset Management AS acquired a new position in shares of Stericycle during the 4th quarter valued at about $1,591,000. Finally, QUANTRES ASSET MANAGEMENT Ltd increased its holdings in shares of Stericycle by 65.9% during the 4th quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 7,300 shares of the business services provider’s stock valued at $496,000 after acquiring an additional 2,900 shares during the last quarter. 94.49% of the stock is currently owned by institutional investors.

Shares of Stericycle Inc (NASDAQ:SRCL) opened at $72.16 on Wednesday. The stock has a market capitalization of $6,160.00, a P/E ratio of -128.86, a price-to-earnings-growth ratio of 1.74 and a beta of 0.16. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.93. Stericycle Inc has a fifty-two week low of $61.25 and a fifty-two week high of $88.00.

Stericycle (NASDAQ:SRCL) last released its earnings results on Wednesday, November 8th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.04). The business had revenue of $883.00 million during the quarter, compared to analyst estimates of $896.81 million. Stericycle had a net margin of 4.43% and a return on equity of 5.12%. The business’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the business earned $1.24 EPS. equities research analysts forecast that Stericycle Inc will post 4.49 earnings per share for the current fiscal year.

In other Stericycle news, Director Mark C. Miller sold 19,753 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $67.43, for a total value of $1,331,944.79. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 79,012 shares of company stock worth $5,240,668 in the last ninety days. Insiders own 3.50% of the company’s stock.

A number of research analysts have recently commented on SRCL shares. Zacks Investment Research lowered Stericycle from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Barrington Research lowered their price objective on Stericycle from $87.00 to $75.00 and set an “outperform” rating on the stock in a report on Friday, November 10th. Stifel Nicolaus reissued a “buy” rating and set a $85.00 price objective on shares of Stericycle in a report on Thursday, December 28th. Jefferies Group set a $83.00 price objective on Stericycle and gave the company a “buy” rating in a report on Wednesday, December 13th. Finally, BidaskClub raised Stericycle from a “strong sell” rating to a “sell” rating in a report on Saturday, December 2nd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $74.45.

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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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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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