DNB Asset Management AS increased its position in Stericycle Inc (NASDAQ:SRCL) by 22.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,995 shares of the business services provider’s stock after buying an additional 2,400 shares during the quarter. DNB Asset Management AS’s holdings in Stericycle were worth $763,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SRCL. Whittier Trust Co. raised its position in Stericycle by 362.6% in the second quarter. Whittier Trust Co. now owns 1,087 shares of the business services provider’s stock valued at $129,000 after purchasing an additional 852 shares during the period. Dupont Capital Management Corp raised its position in Stericycle by 102.2% in the second quarter. Dupont Capital Management Corp now owns 2,089 shares of the business services provider’s stock valued at $136,000 after purchasing an additional 1,056 shares during the period. NumerixS Investment Technologies Inc raised its position in Stericycle by 285.0% in the second quarter. NumerixS Investment Technologies Inc now owns 2,695 shares of the business services provider’s stock valued at $174,000 after purchasing an additional 1,995 shares during the period. Intact Investment Management Inc. purchased a new position in Stericycle in the second quarter valued at about $202,000. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in Stericycle in the second quarter valued at about $210,000. 94.59% of the stock is currently owned by institutional investors and hedge funds.

In other news, CFO Daniel Ginnetti sold 5,000 shares of Stericycle stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $70.75, for a total transaction of $353,750.00. Following the sale, the chief financial officer now directly owns 11,490 shares of the company’s stock, valued at $812,917.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 10,060 shares of company stock worth $707,912. Corporate insiders own 3.50% of the company’s stock.

Several research analysts have commented on SRCL shares. BidaskClub raised Stericycle from a “hold” rating to a “buy” rating in a research report on Tuesday, July 3rd. Zacks Investment Research raised Stericycle from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research report on Friday, July 6th. BMO Capital Markets reissued a “hold” rating and issued a $71.00 price objective on shares of Stericycle in a research report on Thursday, July 12th. Jefferies Financial Group set a $75.00 price objective on Stericycle and gave the company a “buy” rating in a research report on Thursday, August 2nd. Finally, Robert W. Baird reissued a “hold” rating and issued a $70.00 price objective on shares of Stericycle in a research report on Friday, August 3rd. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Stericycle presently has an average rating of “Hold” and an average target price of $71.29.

Shares of NASDAQ SRCL opened at $53.05 on Friday. Stericycle Inc has a 1 year low of $51.45 and a 1 year high of $76.73. The stock has a market cap of $4.62 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 1.33 and a beta of 0.35. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.81 and a current ratio of 0.81.

Stericycle (NASDAQ:SRCL) last announced its earnings results on Thursday, August 2nd. The business services provider reported $1.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.04. Stericycle had a return on equity of 14.04% and a net margin of 5.03%. The business had revenue of $883.30 million for the quarter, compared to analyst estimates of $896.62 million. During the same period in the previous year, the company earned $1.15 earnings per share. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. Equities research analysts anticipate that Stericycle Inc will post 4.43 earnings per share for the current year.

About Stericycle

Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally. It collects and processes regulated and specialized waste for disposal services; and collects personal and confidential information for secure destruction, as well as offers training, consulting, recall/return, communication, and compliance services.

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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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