Welch & Forbes LLC cut its position in shares of Stericycle Inc (NASDAQ:SRCL) by 15.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,688 shares of the business services provider’s stock after selling 10,972 shares during the period. Welch & Forbes LLC owned approximately 0.07% of Stericycle worth $3,619,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Standard Life Aberdeen plc raised its holdings in shares of Stericycle by 34.1% in the second quarter. Standard Life Aberdeen plc now owns 20,151 shares of the business services provider’s stock worth $1,316,000 after buying an additional 5,119 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Stericycle by 8.3% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 45,631 shares of the business services provider’s stock worth $2,979,000 after buying an additional 3,500 shares during the period. Cornerstone Wealth Management LLC purchased a new position in Stericycle during the 2nd quarter worth $222,000. Patton Albertson Miller Group LLC increased its holdings in Stericycle by 26.5% during the 2nd quarter. Patton Albertson Miller Group LLC now owns 9,211 shares of the business services provider’s stock worth $601,000 after purchasing an additional 1,930 shares during the period. Finally, MAI Capital Management purchased a new position in Stericycle during the 2nd quarter worth $245,000. 95.11% of the stock is owned by institutional investors.
Shares of NASDAQ:SRCL traded down $0.20 on Friday, reaching $47.66. The company had a trading volume of 1,229,511 shares, compared to its average volume of 1,264,153. Stericycle Inc has a 52-week low of $45.55 and a 52-week high of $76.73. The company has a market capitalization of $4.40 billion, a PE ratio of 10.98, a P/E/G ratio of 1.26 and a beta of 0.52. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.93.
Stericycle (NASDAQ:SRCL) last announced its quarterly earnings results on Thursday, November 1st. The business services provider reported $1.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.02. The business had revenue of $854.90 million for the quarter, compared to the consensus estimate of $856.36 million. Stericycle had a return on equity of 13.74% and a net margin of 4.63%. The business’s revenue was down 3.2% compared to the same quarter last year. During the same period last year, the business posted $1.10 EPS. Research analysts predict that Stericycle Inc will post 4.38 EPS for the current year.
Several research analysts have commented on SRCL shares. Zacks Investment Research downgraded Stericycle from a “buy” rating to a “hold” rating in a report on Monday, July 16th. BidaskClub upgraded Stericycle from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 31st. Jefferies Financial Group set a $75.00 price objective on Stericycle and gave the stock a “buy” rating in a report on Thursday, August 2nd. Robert W. Baird restated a “hold” rating and set a $70.00 price objective on shares of Stericycle in a report on Friday, August 3rd. Finally, BMO Capital Markets reduced their price objective on Stericycle from $71.00 to $63.00 and set a “market perform” rating on the stock in a report on Monday, August 6th. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Stericycle presently has an average rating of “Hold” and an average target price of $65.38.
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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