Stericycle Inc (SRCL) : Hikari Power Ltd scooped up 86,000 additional shares in Stericycle Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 120,700 shares of Stericycle Inc which is valued at $10,620,393.Stericycle Inc makes up approximately 1.20% of Hikari Power Ltd’s portfolio.
Other Hedge Funds, Including , Jennison Associates boosted its stake in SRCL in the latest quarter, The investment management firm added 26,615 additional shares and now holds a total of 1,616,870 shares of Stericycle Inc which is valued at $142,268,391. Stericycle Inc makes up approx 0.15% of Jennison Associates’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in SRCL in the latest quarter, The investment management firm added 8,212 additional shares and now holds a total of 171,022 shares of Stericycle Inc which is valued at $15,048,226. Stericycle Inc makes up approx 0.04% of Mizuho Trust Banking Ltd.’s portfolio.Bank Of Hawaii reduced its stake in SRCL by selling 2,179 shares or 49.58% in the most recent quarter. The Hedge Fund company now holds 2,216 shares of SRCL which is valued at $194,986. Stericycle Inc makes up approx 0.02% of Bank Of Hawaii’s portfolio. Swift Run Capital Management added SRCL to its portfolio by purchasing 36,760 company shares during the most recent quarter which is valued at $3,318,325. Stericycle Inc makes up approx 2.15% of Swift Run Capital Management’s portfolio. Independent Portfolio Consultants added SRCL to its portfolio by purchasing 10,073 company shares during the most recent quarter which is valued at $1,066,328. Stericycle Inc makes up approx 0.32% of Independent Portfolio Consultants’s portfolio.
Stericycle Inc closed down -0.45 points or -0.50% at $89.49 with 11,59,727 shares getting traded on Monday. Post opening the session at $90.13, the shares hit an intraday low of $89.11 and an intraday high of $90.43 and the price fluctuated in this range throughout the day.Shares ended Monday 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. 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 .Shares were Reiterated by Wedbush on May 9, 2016 to “Neutral” and Lowered the Price Target to $ 100 from a previous price target of $112 .
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).