Leavell Investment Management Inc. Reduces Position in Stericycle Inc (SRCL)

Leavell Investment Management Inc. lessened its holdings in Stericycle Inc (NASDAQ:SRCL) by 52.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,231 shares of the business services provider’s stock after selling 3,519 shares during the quarter. Leavell Investment Management Inc.’s holdings in Stericycle were worth $220,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in SRCL. Schroder Investment Management Group increased its holdings in Stericycle by 89.3% in the 3rd quarter. Schroder Investment Management Group now owns 1,973,743 shares of the business services provider’s stock valued at $141,556,000 after buying an additional 931,300 shares during the period. Thompson Siegel & Walmsley LLC increased its holdings in Stericycle by 91.3% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 844,778 shares of the business services provider’s stock valued at $60,503,000 after buying an additional 403,080 shares during the period. BlackRock Inc. increased its holdings in Stericycle by 6.4% in the 2nd quarter. BlackRock Inc. now owns 5,413,244 shares of the business services provider’s stock valued at $413,139,000 after buying an additional 323,664 shares during the period. Clarkston Capital Partners LLC increased its holdings in Stericycle by 43.1% in the 3rd quarter. Clarkston Capital Partners LLC now owns 1,013,885 shares of the business services provider’s stock valued at $72,614,000 after buying an additional 305,441 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in Stericycle by 205.0% in the 3rd quarter. Teacher Retirement System of Texas now owns 453,563 shares of the business services provider’s stock valued at $32,484,000 after buying an additional 304,864 shares during the period. 94.48% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have issued reports on SRCL. Zacks Investment Research lowered shares of Stericycle from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Jefferies Group set a $108.00 price target on shares of Stericycle and gave the company a “buy” rating in a report on Tuesday, October 17th. BidaskClub lowered shares of Stericycle from a “hold” rating to a “sell” rating in a report on Thursday. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 price target on shares of Stericycle in a report on Thursday, December 28th. Finally, Oppenheimer reissued a “hold” rating on shares of Stericycle in a report on Wednesday, December 13th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $74.45.

Shares of Stericycle Inc (NASDAQ SRCL) opened at $71.60 on Friday. Stericycle Inc has a 52 week low of $61.25 and a 52 week high of $88.00. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.93. The company has a market cap of $6,120.00, a price-to-earnings ratio of -127.86, a PEG ratio of 1.73 and a beta of 0.16.

Stericycle (NASDAQ:SRCL) last issued its earnings results on Wednesday, November 8th. The business services provider reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.04). Stericycle had a negative net margin of 0.79% and a positive return on equity of 13.93%. The firm had revenue of $883.00 million during the quarter, compared to analyst estimates of $896.81 million. During the same quarter in the prior year, the firm posted $1.24 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. sell-side analysts expect that Stericycle Inc will post 4.49 earnings per share for the current fiscal year.

In other news, Director Mark C. Miller sold 19,753 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $70.52, for a total value of $1,392,981.56. Following the sale, the director now owns 205,576 shares in the company, valued at approximately $14,497,219.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 79,012 shares of company stock worth $5,240,668 in the last 90 days. 3.50% of the stock is owned by corporate insiders.

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About Stericycle

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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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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