Stericycle Inc (SRCL) : Comgest Global Investors S.a.s. reduced its stake in Stericycle Inc by 3.33% during the most recent quarter end. The investment management company now holds a total of 70,279 shares of Stericycle Inc which is valued at $6.6 Million after selling 2,424 shares in Stericycle Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Stericycle Inc makes up approximately 0.23% of Comgest Global Investors S.a.s.’s portfolio.
Other Hedge Funds, Including , Baird Financial Group reduced its stake in SRCL by selling 149,959 shares or 27.46% in the most recent quarter. The Hedge Fund company now holds 396,110 shares of SRCL which is valued at $37.1 Million. Stericycle Inc makes up approx 0.36% of Baird Financial Group’s portfolio.Welch Forbes reduced its stake in SRCL by selling 2,512 shares or 0.57% in the most recent quarter. The Hedge Fund company now holds 437,682 shares of SRCL which is valued at $41.6 Million. Stericycle Inc makes up approx 1.30% of Welch Forbes’s portfolio.Addenda Capital boosted its stake in SRCL in the latest quarter, The investment management firm added 8,773 additional shares and now holds a total of 13,587 shares of Stericycle Inc which is valued at $1.3 Million. Stericycle Inc makes up approx 0.11% of Addenda Capital’s portfolio.Cibc World Markets reduced its stake in SRCL by selling 705 shares or 12.05% in the most recent quarter. The Hedge Fund company now holds 5,146 shares of SRCL which is valued at $489,693.
Stericycle Inc closed down -0.89 points or -0.91% at $96.41 with 15,29,177 shares getting traded on Friday. Post opening the session at $98.2, the shares hit an intraday low of $96.06 and an intraday high of $98.58 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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 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).