Fairbanks Capital Management Exits Position in Stericycle Inc (SRCL)

Stericycle Inc (SRCL) : Fairbanks Capital Management has sold out all of its stake in Stericycle Inc during the most recent quarter, according to the disclosure filed by the company on Oct 17, 2016 with the SEC. The investment management company has sold out 26,764 shares of Stericycle Inc which is valued at $2,019,879.

Other Hedge Funds, Including , Integrated Investment Consultants boosted its stake in SRCL in the latest quarter, The investment management firm added 608 additional shares and now holds a total of 2,428 shares of Stericycle Inc which is valued at $183,241. Stericycle Inc makes up approx 0.09% of Integrated Investment Consultants’s portfolio.Capstone Asset Management Co boosted its stake in SRCL in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 7,633 shares of Stericycle Inc which is valued at $581,329. Stericycle Inc makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Independent Portfolio Consultants boosted its stake in SRCL in the latest quarter, The investment management firm added 412 additional shares and now holds a total of 10,485 shares of Stericycle Inc which is valued at $802,941. Stericycle Inc makes up approx 0.25% of Independent Portfolio Consultants’s portfolio.

Stericycle Inc opened for trading at $74.83 and hit $75.88 on the upside on Friday, eventually ending the session at $75.47, with a gain of 1.47% or 1.09 points. The heightened volatility saw the trading volume jump to 9,77,444 shares. Company has a market cap of $6,418 M.

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. Shares were Reiterated by Barrington Research on Oct 5, 2016 to “Outperform” and Lowered the Price Target to $ 88 from a previous price target of $100 .Shares were Reiterated by Wedbush on Sep 22, 2016 to “Neutral” and Lowered the Price Target to $ 85 from a previous price target of $95 .Stericycle Inc was Downgraded by Northcoast to ” Neutral” on Sep 20, 2016.

Stericycle Inc. is engaged in the business of providing regulated and compliance solutions to healthcare and commercial businesses. The Company’s 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 Company’s 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).

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