West Oak Capital Lowers stake in Stericycle Inc (SRCL)

Stericycle Inc (SRCL) : West Oak Capital reduced its stake in Stericycle Inc by 3.21% during the most recent quarter end. The investment management company now holds a total of 11,140 shares of Stericycle Inc which is valued at $1.4 Million after selling 370 shares in Stericycle Inc according to a report filed by the company on Apr 5, 2016 with the SEC.Stericycle Inc makes up approximately 1.09% of West Oak Capital’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 closed down -2.1 points or -1.64% at $126.1 with 7,37,815 shares getting traded on Monday. Post opening the session at $128.58, the shares hit an intraday low of $126.09 and an intraday high of $128.75 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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