King Luther Capital Management Corp Boosts Position in Stericycle Inc (SRCL)
King Luther Capital Management Corp boosted its holdings in Stericycle Inc (NASDAQ:SRCL) by 212.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 14,565 shares of the business services provider’s stock after buying an additional 9,900 shares during the period. King Luther Capital Management Corp’s holdings in Stericycle were worth $990,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. APG Asset Management N.V. raised its stake in shares of Stericycle by 6.1% during the third quarter. APG Asset Management N.V. now owns 120,057 shares of the business services provider’s stock valued at $8,598,000 after purchasing an additional 6,900 shares during the period. Nationwide Fund Advisors raised its stake in shares of Stericycle by 16.7% during the third quarter. Nationwide Fund Advisors now owns 73,527 shares of the business services provider’s stock valued at $5,266,000 after purchasing an additional 10,500 shares during the period. Pictet Asset Management Ltd. raised its stake in shares of Stericycle by 3.4% during the third quarter. Pictet Asset Management Ltd. now owns 46,086 shares of the business services provider’s stock valued at $3,301,000 after purchasing an additional 1,500 shares during the period. Crossmark Global Holdings Inc. purchased a new stake in shares of Stericycle during the third quarter valued at approximately $479,000. Finally, Rice Hall James & Associates LLC raised its stake in shares of Stericycle by 54.9% during the third quarter. Rice Hall James & Associates LLC now owns 43,898 shares of the business services provider’s stock valued at $3,144,000 after purchasing an additional 15,559 shares during the period. Hedge funds and other institutional investors own 92.57% of the company’s stock.
A number of research firms have recently issued reports on SRCL. Barrington Research reiterated a “buy” rating on shares of Stericycle in a research note on Monday, February 26th. BMO Capital Markets reiterated a “market perform” rating and set a $64.00 price objective (down previously from $72.00) on shares of Stericycle in a research note on Friday, February 23rd. Royal Bank of Canada dropped their price objective on shares of Stericycle from $75.00 to $61.00 and set an “underperform” rating on the stock in a research note on Thursday, February 22nd. Robert W. Baird raised shares of Stericycle from an “underperform” rating to a “neutral” rating and set a $73.00 price target for the company in a research report on Tuesday, February 13th. Finally, BidaskClub raised shares of Stericycle from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $71.50.
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 analysts’ consensus estimates of $1.14 by ($0.14). Stericycle had a return on equity of 13.83% and a net margin of 1.18%. The company had revenue of $887.80 million for the quarter, compared to analyst estimates of $882.62 million. During the same period in the previous year, the business posted $1.00 EPS. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. research analysts expect that Stericycle Inc will post 4.58 EPS for the current fiscal year.
In other Stericycle news, Director Mark C. Miller sold 19,753 shares of Stericycle stock in a transaction on Monday, December 4th. The shares were sold at an average price of $67.43, for a total value of $1,331,944.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jack W. Schuler acquired 10,000 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was acquired at an average cost of $62.59 per share, with a total value of $625,900.00. The disclosure for this purchase can be found here. 3.50% of the stock is currently owned by company insiders.
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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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