Mark C. Miller Sells 19,753 Shares of Stericycle, Inc. (SRCL) Stock

Stericycle, Inc. (NASDAQ:SRCL) Director Mark C. Miller sold 19,753 shares of the stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $67.43, for a total value of $1,331,944.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Stericycle, Inc. (NASDAQ:SRCL) opened at $65.78 on Thursday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.82 and a current ratio of 0.82. Stericycle, Inc. has a 12-month low of $61.25 and a 12-month high of $88.00. The firm has a market capitalization of $5,750.72, a PE ratio of 15.52, a PEG ratio of 1.64 and a beta of 0.16.

Stericycle (NASDAQ:SRCL) last issued its earnings results on Wednesday, November 8th. The business services provider reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.04). Stericycle had a positive return on equity of 13.93% and a negative net margin of 0.79%. The business had revenue of $883.00 million for the quarter, compared to analyst estimates of $896.81 million. During the same period last year, the business posted $1.24 EPS. Stericycle’s revenue was down .8% on a year-over-year basis. research analysts forecast that Stericycle, Inc. will post 4.49 earnings per share for the current fiscal year.

SRCL has been the topic of a number of analyst reports. Zacks Investment Research lowered Stericycle from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Barrington Research reduced their price target on Stericycle from $87.00 to $75.00 and set an “outperform” rating on the stock in a research report on Friday, November 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 price target (down previously from $95.00) on shares of Stericycle in a research report on Thursday, November 9th. Jefferies Group set a $108.00 price target on Stericycle and gave the company a “buy” rating in a research report on Friday, August 11th. Finally, BidaskClub raised Stericycle from a “strong sell” rating to a “sell” rating in a research report on Saturday, December 2nd. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. Stericycle presently has a consensus rating of “Hold” and an average price target of $76.73.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AXA increased its position in Stericycle by 1,090.5% during the third quarter. AXA now owns 124,875 shares of the business services provider’s stock worth $8,943,000 after buying an additional 114,386 shares during the period. GSA Capital Partners LLP acquired a new position in Stericycle during the third quarter worth approximately $532,000. Gofen & Glossberg LLC IL increased its position in Stericycle by 2.7% during the third quarter. Gofen & Glossberg LLC IL now owns 65,415 shares of the business services provider’s stock worth $4,685,000 after buying an additional 1,724 shares during the period. IFM Investors Pty Ltd acquired a new position in Stericycle during the third quarter worth approximately $265,000. Finally, California Public Employees Retirement System increased its position in Stericycle by 2.9% during the third quarter. California Public Employees Retirement System now owns 156,984 shares of the business services provider’s stock worth $11,243,000 after buying an additional 4,384 shares during the period. 94.63% of the stock is currently owned by institutional investors.

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Stericycle Company Profile

Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. The Company’s segments include Domestic and Canada Regulated Waste and Compliance Services (RCS), Domestic Communication and Related Services (CRS), International RCS and All other.

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