Stericycle Inc (SRCL) Shares Sold by Global Thematic Partners LLC

Global Thematic Partners LLC lowered its stake in shares of Stericycle Inc (NASDAQ:SRCL) by 0.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 740,376 shares of the business services provider’s stock after selling 5,662 shares during the period. Stericycle makes up approximately 1.9% of Global Thematic Partners LLC’s investment portfolio, making the stock its 24th largest position. Global Thematic Partners LLC owned 0.82% of Stericycle worth $40,292,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. Gofen & Glossberg LLC IL purchased a new position in shares of Stericycle during the 1st quarter worth approximately $291,000. North Star Investment Management Corp. boosted its position in Stericycle by 667.5% in the 1st quarter. North Star Investment Management Corp. now owns 1,535 shares of the business services provider’s stock valued at $84,000 after buying an additional 1,335 shares during the period. Addison Capital Co boosted its position in Stericycle by 20.2% in the 1st quarter. Addison Capital Co now owns 32,281 shares of the business services provider’s stock valued at $1,757,000 after buying an additional 5,427 shares during the period. Reinhart Partners Inc. boosted its position in Stericycle by 1.7% in the 1st quarter. Reinhart Partners Inc. now owns 509,708 shares of the business services provider’s stock valued at $27,738,000 after buying an additional 8,742 shares during the period. Finally, We Are One Seven LLC boosted its position in Stericycle by 105.2% in the 1st quarter. We Are One Seven LLC now owns 5,576 shares of the business services provider’s stock valued at $303,000 after buying an additional 2,859 shares during the period. 96.52% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Mark C. Miller sold 260,314 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $57.18, for a total value of $14,884,754.52. Following the sale, the director now directly owns 325,848 shares in the company, valued at approximately $18,631,988.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is currently owned by company insiders.

Several equities analysts have commented on SRCL shares. BidaskClub raised shares of Stericycle from a “sell” rating to a “hold” rating in a research report on Tuesday, March 26th. Goldman Sachs Group raised shares of Stericycle from a “neutral” rating to a “buy” rating and set a $66.00 price target for the company in a research report on Friday, March 1st. Barrington Research decreased their price target on shares of Stericycle from $64.00 to $55.00 and set an “outperform” rating for the company in a research report on Monday, March 11th. Zacks Investment Research cut shares of Stericycle from a “hold” rating to a “sell” rating in a research report on Tuesday, February 26th. Finally, BMO Capital Markets raised their price target on shares of Stericycle from $41.00 to $45.00 and gave the company a “market perform” rating in a research report on Monday, March 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $59.00.

Shares of SRCL traded down $0.01 during midday trading on Thursday, reaching $56.99. The stock had a trading volume of 620,688 shares, compared to its average volume of 1,127,064. Stericycle Inc has a 1-year low of $34.36 and a 1-year high of $71.43. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 2.05 and a beta of 1.09. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.03.

Stericycle (NASDAQ:SRCL) last announced its quarterly earnings data on Thursday, February 28th. The business services provider reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.07. Stericycle had a negative net margin of 7.02% and a positive return on equity of 14.19%. The business had revenue of $852.70 million for the quarter, compared to analyst estimates of $848.75 million. On average, analysts predict that Stericycle Inc will post 3.53 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 operates through three segments: Domestic and Canada Regulated Waste and Compliance; International Regulated Waste and Compliance; and Domestic Communication and Related Services.

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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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