Van Strum & Towne Inc. Cuts Position in Stericycle Inc (NASDAQ:SRCL)

Van Strum & Towne Inc. lowered its position in Stericycle Inc (NASDAQ:SRCL) by 1.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,628 shares of the business services provider’s stock after selling 425 shares during the quarter. Van Strum & Towne Inc.’s holdings in Stericycle were worth $1,286,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JOYN Advisors Inc. raised its stake in shares of Stericycle by 1,253.7% during the fourth quarter. JOYN Advisors Inc. now owns 731 shares of the business services provider’s stock worth $27,000 after purchasing an additional 677 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of Stericycle by 159.5% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 807 shares of the business services provider’s stock worth $30,000 after purchasing an additional 496 shares during the last quarter. Pearl River Capital LLC purchased a new stake in shares of Stericycle during the fourth quarter worth approximately $41,000. Blue Sky Asset Management LLC purchased a new stake in shares of Stericycle during the first quarter worth approximately $60,000. Finally, Quadrant Capital Group LLC raised its stake in shares of Stericycle by 1,186.8% during the first quarter. Quadrant Capital Group LLC now owns 1,171 shares of the business services provider’s stock worth $61,000 after purchasing an additional 1,080 shares during the last quarter. Institutional investors own 96.52% of the company’s stock.

Stericycle stock opened at $47.75 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 1.84 and a beta of 1.24. Stericycle Inc has a fifty-two week low of $34.36 and a fifty-two week high of $71.43. The firm has a fifty day moving average price of $46.91.

Stericycle (NASDAQ:SRCL) last posted its earnings results on Thursday, May 2nd. The business services provider reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by ($0.30). The firm had revenue of $830.10 million during the quarter, compared to analyst estimates of $866.19 million. Stericycle had a negative net margin of 8.92% and a positive return on equity of 12.56%. The firm’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same period last year, the company posted $1.21 EPS. On average, equities research analysts anticipate that Stericycle Inc will post 3.31 earnings per share for the current fiscal year.

Several equities research analysts have recently commented on the company. BidaskClub cut Stericycle from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. ValuEngine lowered Stericycle from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Zacks Investment Research raised Stericycle from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. TheStreet lowered Stericycle from a “c-” rating to a “d” rating in a report on Wednesday, March 20th. Finally, Robert W. Baird lowered Stericycle from a “neutral” rating to an “underperform” rating and set a $44.00 price objective on the stock. in a report on Wednesday, April 17th. Five research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $59.00.

In other Stericycle news, Director Mark C. Miller sold 260,314 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $57.18, for a total value of $14,884,754.52. Following the sale, the director now owns 325,848 shares of the company’s stock, valued at $18,631,988.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

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 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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