Stericycle Inc (SRCL) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its position in Stericycle Inc (NASDAQ:SRCL) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,114 shares of the business services provider’s stock after selling 1,454 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Stericycle were worth $2,358,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SRCL. BlackRock Inc. grew its stake in shares of Stericycle by 2.5% in the second quarter. BlackRock Inc. now owns 5,375,722 shares of the business services provider’s stock worth $350,980,000 after acquiring an additional 133,660 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Stericycle by 10.9% in the second quarter. Wells Fargo & Company MN now owns 3,345,764 shares of the business services provider’s stock worth $218,445,000 after acquiring an additional 329,741 shares in the last quarter. Clarkston Capital Partners LLC grew its stake in shares of Stericycle by 1.2% in the second quarter. Clarkston Capital Partners LLC now owns 2,491,410 shares of the business services provider’s stock worth $162,664,000 after acquiring an additional 29,225 shares in the last quarter. FMR LLC grew its stake in shares of Stericycle by 18.5% in the second quarter. FMR LLC now owns 1,966,181 shares of the business services provider’s stock worth $128,372,000 after acquiring an additional 307,201 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of Stericycle by 1.4% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 966,240 shares of the business services provider’s stock worth $63,086,000 after acquiring an additional 13,640 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

Shares of SRCL stock opened at $54.04 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $5.04 billion, a P/E ratio of 12.47, a PEG ratio of 1.38 and a beta of 0.35. Stericycle Inc has a 12 month low of $53.26 and a 12 month high of $76.73.

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

In related news, CFO Daniel Ginnetti sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $70.00, for a total transaction of $350,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have sold 10,060 shares of company stock valued at $707,912. Insiders own 3.50% of the company’s stock.

A number of equities analysts recently commented on SRCL shares. BidaskClub downgraded shares of Stericycle from a “buy” rating to a “hold” rating in a research note on Saturday, September 22nd. BMO Capital Markets lowered their target price on shares of Stericycle from $71.00 to $63.00 and set a “market perform” rating for the company in a research note on Monday, August 6th. Zacks Investment Research upgraded shares of Stericycle from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Robert W. Baird reiterated a “hold” rating and set a $70.00 target price on shares of Stericycle in a research note on Friday, August 3rd. Finally, Barrington Research set a $72.00 target price on shares of Stericycle and gave the stock a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $71.29.

Stericycle Company Profile

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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