Riverbridge Partners Lowers stake in Stericycle Inc (SRCL)

Stericycle Inc (SRCL) : Riverbridge Partners reduced its stake in Stericycle Inc by 1.9% during the most recent quarter end. The investment management company now holds a total of 612,503 shares of Stericycle Inc which is valued at $53,894,139 after selling 11,846 shares in Stericycle Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Stericycle Inc makes up approximately 1.08% of Riverbridge Partners’s portfolio.

Other Hedge Funds, Including , Mckinley Carter Wealth Services boosted its stake in SRCL in the latest quarter, The investment management firm added 1,835 additional shares and now holds a total of 15,090 shares of Stericycle Inc which is valued at $1,327,769. Stericycle Inc makes up approx 0.68% of Mckinley Carter Wealth Services’s portfolio.Genesee Valley Trust Co boosted its stake in SRCL in the latest quarter, The investment management firm added 43 additional shares and now holds a total of 4,511 shares of Stericycle Inc which is valued at $480,331. Stericycle Inc makes up approx 0.31% of Genesee Valley Trust Co’s portfolio.Simplex Trading boosted its stake in SRCL in the latest quarter, The investment management firm added 5,292 additional shares and now holds a total of 7,533 shares of Stericycle Inc which is valued at $802,415. Stericycle Inc makes up approx 0.10% of Simplex Trading’s portfolio.Mitchell Sinkler Starrpa reduced its stake in SRCL by selling 200 shares or 6.17% in the most recent quarter. The Hedge Fund company now holds 3,042 shares of SRCL which is valued at $319,106. Stericycle Inc makes up approx 0.43% of Mitchell Sinkler Starrpa’s portfolio.

Stericycle Inc opened for trading at $88.15 and hit $88.54 on the upside on Thursday, eventually ending the session at $88.19, with a gain of 0.23% or 0.2 points. The heightened volatility saw the trading volume jump to 13,72,363 shares. Company has a market cap of $7,488 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 .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 .

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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