Barbara Oil Exits Position in Stericycle Inc (SRCL)

Stericycle Inc (SRCL) : Barbara Oil has sold out all of its stake in Stericycle Inc during the most recent quarter, according to the disclosure filed by the company on May 10, 2016 with the SEC. The investment management company has sold out 5,000 shares of Stericycle Inc which is valued at $468,500.

Other Hedge Funds, Including , Blackrock Advisors boosted its stake in SRCL in the latest quarter, The investment management firm added 628 additional shares and now holds a total of 30,207 shares of Stericycle Inc which is valued at $2,830,396.Nisa Investment Advisors L.l.c. boosted its stake in SRCL in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 27,948 shares of Stericycle Inc which is valued at $2,670,711. Stericycle Inc makes up approx 0.04% of Nisa Investment Advisors L.l.c.’s portfolio.Wealthtrust-arizona boosted its stake in SRCL in the latest quarter, The investment management firm added 63 additional shares and now holds a total of 196 shares of Stericycle Inc which is valued at $18,730. Stericycle Inc makes up approx 0.01% of Wealthtrust-arizona’s portfolio.Washington Trust Bank boosted its stake in SRCL in the latest quarter, The investment management firm added 14,712 additional shares and now holds a total of 37,202 shares of Stericycle Inc which is valued at $3,555,023. Stericycle Inc makes up approx 0.90% of Washington Trust Bank’s portfolio.

Stericycle Inc opened for trading at $94.11 and hit $95.83 on the upside on Monday, eventually ending the session at $95.47, with a gain of 1.89% or 1.77 points. The heightened volatility saw the trading volume jump to 22,61,377 shares. Company has a market cap of $8,107 M.

On the company’s financial health, Stericycle Inc reported $1.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Apr 28, 2016. Analyst had a consensus of $1.13. The company had revenue of $874.20 million for the quarter, compared to analysts expectations of $869.95 million. The company’s revenue was up 31.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.

Many Wall Street Analysts have commented on Stericycle Inc. 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 .Shares were Reiterated by Imperial Capital on May 2, 2016 to “In-line” and Lowered the Price Target to $ 95 from a previous price target of $115 .Shares were Reiterated by Wedbush on May 2, 2016 to “Neutral” and Lowered the Price Target to $ 112 from a previous price target of $128 .

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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