Autus Asset Management buys $6,075,026 stake in Stericycle Inc (SRCL)

Stericycle Inc (SRCL) : Autus Asset Management scooped up 3,850 additional shares in Stericycle Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 69,860 shares of Stericycle Inc which is valued at $6,075,026.Stericycle Inc makes up approximately 1.34% of Autus Asset Management’s portfolio.

Other Hedge Funds, Including , Moors Cabot boosted its stake in SRCL in the latest quarter, The investment management firm added 1,512 additional shares and now holds a total of 9,087 shares of Stericycle Inc which is valued at $790,206. Stericycle Inc makes up approx 0.14% of Moors Cabot’s portfolio.Ballentine Partners reduced its stake in SRCL by selling 4 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 6,078 shares of SRCL which is valued at $534,803. Stericycle Inc makes up approx 0.04% of Ballentine Partners’s portfolio.Louisiana State Employees Retirement System reduced its stake in SRCL by selling 100 shares or 1.75% in the most recent quarter. The Hedge Fund company now holds 5,600 shares of SRCL which is valued at $596,288. Stericycle Inc makes up approx 0.03% of Louisiana State Employees Retirement System’s portfolio.Ibm Retirement Fund reduced its stake in SRCL by selling 1,718 shares or 17.1% in the most recent quarter. The Hedge Fund company now holds 8,329 shares of SRCL which is valued at $893,285. Stericycle Inc makes up approx 0.03% of Ibm Retirement Fund’s portfolio.Nordea Investment Management Ab boosted its stake in SRCL in the latest quarter, The investment management firm added 10,810 additional shares and now holds a total of 38,899 shares of Stericycle Inc which is valued at $4,143,521. Stericycle Inc makes up approx 0.01% of Nordea Investment Management Ab’s portfolio.

Stericycle Inc opened for trading at $87.53 and hit $87.85 on the upside on Monday, eventually ending the session at $87.04, with a gain of 0.02% or 0.02 points. The heightened volatility saw the trading volume jump to 10,44,246 shares. Company has a market cap of $7,402 M.

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 .

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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