Generation Investment Management Llp adds Stericycle Inc (SRCL) to its portfolio

Stericycle Inc (SRCL) : Generation Investment Management Llp added new position in Stericycle Inc during the most recent quarter end. The investment management firm now holds 2,279,414 shares of Stericycle Inc which is valued at $198,354,606 , the company said in a statement filed on Aug 15, 2016 with the SEC.Stericycle Inc makes up approximately 2.12% of Generation Investment Management Llp’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp reduced its stake in SRCL by selling 1,591 shares or 10.9% in the most recent quarter. The Hedge Fund company now holds 13,010 shares of SRCL which is valued at $1,132,130. Stericycle Inc makes up approx 0.01% of Susquehanna International Group Llp’s portfolio. Massachusetts Financial Services Co sold out all of its stake in SRCL during the most recent quarter. The investment firm sold 179,293 shares of SRCL which is valued $15,602,077.Buckingham Capital Management reduced its stake in SRCL by selling 100 shares or 3.75% in the most recent quarter. The Hedge Fund company now holds 2,565 shares of SRCL which is valued at $223,206. Stericycle Inc makes up approx 0.06% of Buckingham Capital Management’s portfolio.Parsons Capital Management Incri boosted its stake in SRCL in the latest quarter, The investment management firm added 3,147 additional shares and now holds a total of 16,656 shares of Stericycle Inc which is valued at $1,449,405. Stericycle Inc makes up approx 0.19% of Parsons Capital Management Incri’s portfolio.Investment House boosted its stake in SRCL in the latest quarter, The investment management firm added 1,750 additional shares and now holds a total of 30,455 shares of Stericycle Inc which is valued at $3,242,848. Stericycle Inc makes up approx 0.50% of Investment House’s portfolio.

Stericycle Inc closed down -0.62 points or -0.72% at $85.36 with 11,19,749 shares getting traded on Thursday. Post opening the session at $86.03, the shares hit an intraday low of $84.6 and an intraday high of $86.03 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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. Macquarie Initiated Stericycle Inc on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $96.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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