Geode Capital Management LLC grew its holdings in shares of Stericycle Inc (NASDAQ:SRCL) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 947,136 shares of the business services provider’s stock after buying an additional 24,415 shares during the quarter. Geode Capital Management LLC owned 1.11% of Stericycle worth $64,264,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NEXT Financial Group Inc grew its stake in shares of Stericycle by 77.9% during the third quarter. NEXT Financial Group Inc now owns 2,322 shares of the business services provider’s stock valued at $164,000 after buying an additional 1,017 shares during the last quarter. ARGI Investment Services LLC bought a new position in shares of Stericycle during the third quarter valued at approximately $215,000. Fuller & Thaler Asset Management Inc. grew its stake in shares of Stericycle by 500.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,000 shares of the business services provider’s stock valued at $204,000 after buying an additional 2,500 shares during the last quarter. Balter Liquid Alternatives LLC bought a new position in shares of Stericycle during the fourth quarter valued at approximately $206,000. Finally, Roberts Glore & Co. Inc. IL bought a new position in shares of Stericycle during the fourth quarter valued at approximately $210,000. 94.24% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Jack W. Schuler acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were bought at an average price of $62.59 per share, with a total value of $625,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is owned by corporate insiders.
SRCL has been the topic of a number of analyst reports. Jefferies Group set a $83.00 target price on Stericycle and gave the company a “buy” rating in a research note on Wednesday, December 13th. Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 target price on shares of Stericycle in a research note on Thursday, December 28th. Barrington Research reaffirmed a “buy” rating on shares of Stericycle in a research note on Monday, February 26th. BidaskClub raised Stericycle from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $72.00 target price on shares of Stericycle in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $70.67.
Stericycle Inc (SRCL) opened at $64.38 on Thursday. Stericycle Inc has a 52 week low of $58.53 and a 52 week high of $88.00. The stock has a market capitalization of $5,510.00, a P/E ratio of -51.92, a P/E/G ratio of 1.47 and a beta of 0.41. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.90.
Stericycle (NASDAQ:SRCL) last announced its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.14). Stericycle had a return on equity of 13.83% and a net margin of 1.18%. The firm had revenue of $887.80 million during the quarter, compared to the consensus estimate of $882.62 million. During the same period last year, the company earned $1.00 EPS. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. analysts expect that Stericycle Inc will post 4.58 EPS for the current year.
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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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