Texas Permanent School Fund Cuts Stake in Stericycle Inc (SRCL)

Texas Permanent School Fund lowered its position in shares of Stericycle Inc (NASDAQ:SRCL) by 7.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,281 shares of the business services provider’s stock after selling 1,604 shares during the period. Texas Permanent School Fund’s holdings in Stericycle were worth $1,131,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of Stericycle by 2.5% during the second quarter. BlackRock Inc. now owns 5,375,722 shares of the business services provider’s stock valued at $350,980,000 after buying an additional 133,660 shares during the period. Wells Fargo & Company MN increased its stake in shares of Stericycle by 10.9% during the second quarter. Wells Fargo & Company MN now owns 3,345,764 shares of the business services provider’s stock valued at $218,445,000 after buying an additional 329,741 shares during the period. Clarkston Capital Partners LLC increased its stake in shares of Stericycle by 1.5% during the third quarter. Clarkston Capital Partners LLC now owns 2,528,045 shares of the business services provider’s stock valued at $148,346,000 after buying an additional 36,635 shares during the period. FMR LLC increased its stake in shares of Stericycle by 18.5% during the second quarter. FMR LLC now owns 1,966,181 shares of the business services provider’s stock valued at $128,372,000 after buying an additional 307,201 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in shares of Stericycle by 1.4% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 966,240 shares of the business services provider’s stock valued at $63,086,000 after buying an additional 13,640 shares during the period. Hedge funds and other institutional investors own 95.11% of the company’s stock.

SRCL has been the topic of several research reports. BidaskClub lowered Stericycle from a “buy” rating to a “hold” rating in a research note on Saturday, September 22nd. Zacks Investment Research upgraded Stericycle from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Barrington Research set a $72.00 price target on Stericycle and gave the company a “buy” rating in a research note on Friday, October 5th. Bank of America began coverage on Stericycle in a research note on Monday, October 22nd. They set an “underperform” rating and a $53.00 price target on the stock. Finally, 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. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. Stericycle presently has a consensus rating of “Hold” and a consensus price target of $65.38.

Shares of SRCL stock opened at $47.66 on Friday. Stericycle Inc has a 1-year low of $45.55 and a 1-year high of $76.73. The stock has a market cap of $4.40 billion, a P/E ratio of 11.01, a P/E/G ratio of 1.26 and a beta of 0.52. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.07 and a current ratio of 1.07.

Stericycle (NASDAQ:SRCL) last issued its quarterly earnings data on Thursday, November 1st. The business services provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.02. Stericycle had a return on equity of 13.74% and a net margin of 4.63%. The company had revenue of $854.90 million for the quarter, compared to the consensus estimate of $856.36 million. During the same quarter last year, the company earned $1.10 earnings per share. The firm’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, equities analysts anticipate that Stericycle Inc will post 4.38 earnings per share for the current fiscal year.

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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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