Stericycle Inc (SRCL) : Lombard Odier Transatlantic Limited Partnership scooped up 100 additional shares in Stericycle Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 18,910 shares of Stericycle Inc which is valued at $1,645,548.Stericycle Inc makes up approximately 1.65% of Lombard Odier Transatlantic Limited Partnership’s portfolio.
Other Hedge Funds, Including , Two Sigma Investments Lp sold out all of its stake in SRCL during the most recent quarter. The investment firm sold 21,692 shares of SRCL which is valued $1,887,638.Johnson Investment Counsel Inc reduced its stake in SRCL by selling 85 shares or 1.6% in the most recent quarter. The Hedge Fund company now holds 5,220 shares of SRCL which is valued at $454,244. Stericycle Inc makes up approx 0.01% of Johnson Investment Counsel Inc’s portfolio.Bell State Bank Trust boosted its stake in SRCL in the latest quarter, The investment management firm added 445 additional shares and now holds a total of 2,905 shares of Stericycle Inc which is valued at $252,793. Stericycle Inc makes up approx 0.14% of Bell State Bank Trust’s portfolio.Blackrock Institutional Trust Company N.a. reduced its stake in SRCL by selling 120,264 shares or 5.25% in the most recent quarter. The Hedge Fund company now holds 2,169,458 shares of SRCL which is valued at $188,786,235. Stericycle Inc makes up approx 0.03% of Blackrock Institutional Trust Company N.a.’s portfolio.Ngam Advisors boosted its stake in SRCL in the latest quarter, The investment management firm added 347 additional shares and now holds a total of 104,042 shares of Stericycle Inc which is valued at $9,154,656. Stericycle Inc makes up approx 0.12% of Ngam Advisors’s portfolio.
Stericycle Inc closed down -0.62 points or -0.72% at $85.36 with 11,19,749 shares getting traded on Thursday. Post opening the session at $86.03, the shares hit an intraday low of $84.6 and an intraday high of $86.03 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Stericycle Inc reported $1.18 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $1.18. The company had revenue of $891.60 million for the quarter, compared to analysts expectations of $911.39 million. The company’s revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.14 EPS.
Many Wall Street Analysts have commented on Stericycle Inc. Macquarie Initiated Stericycle Inc on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $96.Shares were Downgraded by Imperial Capital on Jul 29, 2016 to ” Underperform” and Lowered the Price Target to $ 93.50 from a previous price target of $100 .Company shares were Reiterated by Imperial Capital on May 26, 2016 to “In-line”, Firm has raised the Price Target to $ 100 from a previous price target of $95 .
Stericycle Inc. is engaged in the business of providing regulated and compliance solutions to healthcare and commercial businesses. The Companys solutions include the collection and processing of specialized waste for disposal and a variety of training consulting recall/return communication and compliance services which include training consulting inbound/outbound communications data reporting and other regulatory compliance services. The Company operates regulated waste management networks in the United States Argentina Brazil Canada Chile Ireland Japan Mexico Portugal Romania South Korea Spain and the United Kingdom. The Company operates through two segments: United States and International. The Companys networks include a total of 181 processing facilities 214 transfer sites and 97 other service facilities. Its regulated waste processing technology is primarily autoclaving. The Company also uses incineration and electro-thermal-deactivation system (ETD).