November 25, 2016 - By Peter Erickson · 0 Comments
Stericycle Inc (NASDAQ:SRCL) institutional sentiment decreased to 0.77 in 2016 Q2. Its down -0.14, from 0.91 in 2016Q1. The ratio fall, as 253 institutional investors opened new and increased equity positions, while 279 sold and decreased positions in Stericycle Inc. The institutional investors in our partner’s database now possess: 75.40 million shares, down from 82.31 million shares in 2016Q1. Also, the number of institutional investors holding Stericycle Inc in their top 10 equity positions increased from 8 to 9 for an increase of 1. Sold All: 61 Reduced: 218 Increased: 186 New Position: 67.
Stericycle, Inc. is a business-to-business services well-known provider with a focus on regulated and compliance solutions for healthcare, retail and commercial businesses. The company has a market cap of $6.53 billion. The Company’s solutions include the collection and processing of specialized waste for disposal, the collection of personal and confidential information for secure destruction, and a range of training, consulting, recall/return, communication and compliance services. It has a 27.91 P/E ratio. It operates regulated waste management networks in the United States and over 20 other countries.
The stock increased 1.56% or $1.18 during the last trading session, hitting $76.77. About 450,970 shares traded hands. Stericycle Inc (NASDAQ:SRCL) has declined 39.03% since April 22, 2016 and is downtrending. It has underperformed by 44.44% the S&P500.
Analysts await Stericycle Inc (NASDAQ:SRCL) to report earnings on February, 2. They expect $1.21 EPS, up 9.01% or $0.10 from last year’s $1.11 per share. SRCL’s profit will be $102.92 million for 15.86 P/E if the $1.21 EPS becomes a reality. After $1.24 actual EPS reported by Stericycle Inc for the previous quarter, Wall Street now forecasts -2.42% negative EPS growth.
According to Zacks Investment Research, “Stericycle, Inc. is a multi-regional integrated company employing proprietary technology to provide environmentally-responsible management of regulated medical waste for the health care industry. The Company is the second-largest provider of regulated medical waste management services in the United States.”
Levasseur Capital Partners Llc holds 16.72% of its portfolio in Stericycle Inc for 96,707 shares. Wedgewood Partners Inc owns 2.70 million shares or 5.7% of their US portfolio. Moreover, Lateef Investment Management L.P. has 5.19% invested in the company for 1.47 million shares. The California-based Mcdonald Capital Investors Inc Ca has invested 4.13% in the stock. Minneapolis Portfolio Management Group Llc, a Minnesota-based fund reported 204,250 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 5 selling transactions for $9.73 million net activity.
Ratings analysis reveals 25% of Stericycle’s analysts are positive. Out of 12 Wall Street analysts rating Stericycle, 3 give it “Buy”, 3 “Sell” rating, while 6 recommend “Hold”. The lowest target is $77 while the high is $160. The stock’s average target of $96.13 is 25.22% above today’s ($76.77) share price. SRCL was included in 31 notes of analysts from August 14, 2015. The rating was downgraded by Goldman Sachs on Thursday, November 3 to “Sell”. The rating was downgraded by Oppenheimer to “Perform” on Friday, October 23. As per Friday, October 23, the company rating was downgraded by Robert W. Baird. On Friday, July 29 the stock rating was downgraded by Imperial Capital to “Underperform”. The company was maintained on Friday, September 9 by Imperial Capital. The firm has “Buy” rating given on Tuesday, March 22 by Sterne Agee CRT. As per Monday, September 19, the company rating was maintained by RBC Capital Markets. Macquarie Research initiated it with “Neutral” rating and $96 target price in Friday, August 26 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, February 8. Northcoast downgraded the shares of SRCL in a report on Tuesday, September 20 to “Neutral” rating.
Stericycle, Inc., incorporated on March 21, 1989, is a business-to-business services well-known provider with a focus on regulated and compliance solutions for healthcare, retail and commercial businesses. The Company’s solutions include the collection and processing of specialized waste for disposal, the collection of personal and confidential information for secure destruction, and a range of training, consulting, recall/return, communication and compliance services. The Firm operates regulated waste management networks in the United States and over 20 other countries. It operates through two geographical divisions: United States and International. The Company’s networks include a total of approximately 250 processing facilities, over 360 transfer sites and over 140 other service facilities. The Company’s regulated waste processing treatments or technologies are autoclaving and incineration.
Another recent and important Stericycle Inc (NASDAQ:SRCL) news was published by Fool.com which published an article titled: “Share Repurchases Help Stericycle Inc Clean Up Q3” on October 28, 2016.
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By Peter Erickson