Stericycle Inc (SRCL) : Davis R M Inc scooped up 23,982 additional shares in Stericycle Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 299,932 shares of Stericycle Inc which is valued at $37,185,569.Stericycle Inc makes up approximately 1.86% of Davis R M Inc’s portfolio.
Stericycle Inc opened for trading at $123.78 and hit $125.04 on the upside on Friday, eventually ending the session at $123.98, with a gain of 0.22% or 0.27 points. The heightened volatility saw the trading volume jump to 9,47,805 shares. Company has a market cap of $10,495 M.
Other Hedge Funds, Including , Private Trust Co Na boosted its stake in SRCL in the latest quarter, The investment management firm added 997 additional shares and now holds a total of 6,232 shares of Stericycle Inc which is valued at $772,643. Stericycle Inc makes up approx 0.21% of Private Trust Co Na’s portfolio.Capstone Asset Management Co reduced its stake in SRCL by selling 330 shares or 4.2% in the most recent quarter. The Hedge Fund company now holds 7,526 shares of SRCL which is valued at $943,911. Stericycle Inc makes up approx 0.03% of Capstone Asset Management Co’s portfolio. Deane Retirement Strategies sold out all of its stake in SRCL during the most recent quarter. The investment firm sold 13,407 shares of SRCL which is valued $1,690,623.British Columbia Investment Management Corp reduced its stake in SRCL by selling 90,228 shares or 55.09% in the most recent quarter. The Hedge Fund company now holds 73,557 shares of SRCL which is valued at $9,275,538. Stericycle Inc makes up approx 0.09% of British Columbia Investment Management Corp’s portfolio.
On the company’s financial health, Stericycle Inc reported $1.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 4, 2016. Analyst had a consensus of $1.08. The company had revenue of $888.30 million for the quarter, compared to analysts expectations of $899.78 million. The company’s revenue was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS.
Many Wall Street Analysts have commented on Stericycle Inc. Stericycle Inc was Initiated by Sterne Agee CRT to “Buy” on Mar 22, 2016. Shares were Reiterated by Imperial Capital on Feb 8, 2016 to “In-line” and Lowered the Price Target to $ 115 from a previous price target of $135 .Shares were Reiterated by RBC Capital Mkts on Feb 8, 2016 to “Sector Perform” and Lowered the Price Target to $ 119 from a previous price target of $120 .
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).