Tyers Asset Management LLC Reduces Position in Stericycle Inc (NASDAQ:SRCL)

Tyers Asset Management LLC lessened its stake in Stericycle Inc (NASDAQ:SRCL) by 82.6% in the 1st quarter, Holdings Channel reports. The firm owned 22,432 shares of the business services provider’s stock after selling 106,656 shares during the period. Tyers Asset Management LLC’s holdings in Stericycle were worth $1,221,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of SRCL. JOYN Advisors Inc. increased its holdings in Stericycle by 1,253.7% in the 4th quarter. JOYN Advisors Inc. now owns 731 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 677 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of Stericycle by 159.5% in the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 807 shares of the business services provider’s stock worth $30,000 after acquiring an additional 496 shares in the last quarter. Pearl River Capital LLC acquired a new position in shares of Stericycle in the fourth quarter worth $41,000. Oregon Public Employees Retirement Fund grew its stake in shares of Stericycle by 6,998.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,638,209 shares of the business services provider’s stock worth $45,000 after acquiring an additional 1,615,132 shares in the last quarter. Finally, Blue Sky Asset Management LLC acquired a new position in shares of Stericycle in the first quarter worth $60,000. Hedge funds and other institutional investors own 96.52% of the company’s stock.

Shares of NASDAQ:SRCL traded down $0.79 during trading on Friday, hitting $44.88. The company’s stock had a trading volume of 23,201 shares, compared to its average volume of 646,418. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 1.17. The company has a market cap of $4.09 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 1.76 and a beta of 1.24. Stericycle Inc has a fifty-two week low of $34.36 and a fifty-two week high of $71.43.

Stericycle (NASDAQ:SRCL) last issued its earnings results on Thursday, May 2nd. The business services provider reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.30). The firm had revenue of $830.10 million for the quarter, compared to analyst estimates of $866.19 million. Stericycle had a positive return on equity of 12.56% and a negative net margin of 8.92%. The business’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.21 EPS. On average, analysts expect that Stericycle Inc will post 3.31 EPS for the current year.

Several equities analysts have commented on SRCL shares. BidaskClub upgraded shares of Stericycle from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Goldman Sachs Group upgraded shares of Stericycle from a “neutral” rating to a “buy” rating and set a $66.00 price target for the company in a research note on Friday, March 1st. TheStreet downgraded shares of Stericycle from a “c-” rating to a “d” rating in a research note on Wednesday, March 20th. Zacks Investment Research upgraded shares of Stericycle from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. Finally, BMO Capital Markets boosted their price target on shares of Stericycle to $50.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Five research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $59.00.

In related news, Director Mark C. Miller sold 260,314 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $57.18, for a total transaction of $14,884,754.52. Following the completion of the transaction, the director now owns 325,848 shares in the company, valued at $18,631,988.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.

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Stericycle Company Profile

Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally. It operates through three segments: Domestic and Canada Regulated Waste and Compliance; International Regulated Waste and Compliance; and Domestic Communication and Related Services.

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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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