Morningstar Investment Services LLC Lowers Holdings in Stericycle Inc (NASDAQ:SRCL)

Morningstar Investment Services LLC lowered its stake in shares of Stericycle Inc (NASDAQ:SRCL) by 7.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 123,456 shares of the business services provider’s stock after selling 10,477 shares during the period. Morningstar Investment Services LLC’s holdings in Stericycle were worth $6,822,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Harbor Investment Advisory LLC purchased a new position in Stericycle in the 1st quarter worth $34,000. Bartlett & Co. LLC purchased a new position in Stericycle during the 1st quarter valued at about $45,000. WASHINGTON TRUST Co purchased a new position in Stericycle during the 1st quarter valued at about $59,000. Financial Management Professionals Inc. purchased a new position in Stericycle in the second quarter worth about $70,000. Finally, Tower Research Capital LLC TRC raised its holdings in Stericycle by 36,500.0% in the first quarter. Tower Research Capital LLC TRC now owns 1,464 shares of the business services provider’s stock worth $71,000 after buying an additional 1,460 shares during the last quarter.

In other Stericycle news, EVP David W. Stahl sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $63.53, for a total transaction of $63,530.00. Company insiders own 2.30% of the company’s stock.

Shares of Stericycle stock traded down $0.74 during midday trading on Friday, hitting $60.44. The company had a trading volume of 401,432 shares, compared to its average volume of 314,316. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of -16.74, a PEG ratio of 5.06 and a beta of 1.14. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.24. The company has a fifty day simple moving average of $57.08 and a 200 day simple moving average of $55.55. Stericycle Inc has a 12-month low of $38.45 and a 12-month high of $67.94.

Stericycle (NASDAQ:SRCL) last posted its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.13). Stericycle had a positive return on equity of 9.80% and a negative net margin of 10.08%. The business had revenue of $785.00 million for the quarter, compared to analysts’ expectations of $793.27 million. During the same period in the prior year, the business posted $0.57 earnings per share. The business’s quarterly revenue was down 5.4% compared to the same quarter last year. As a group, analysts expect that Stericycle Inc will post 1.88 EPS for the current year.

Several brokerages recently issued reports on SRCL. Zacks Investment Research upgraded shares of Stericycle from a “sell” rating to a “hold” rating and set a $50.00 target price for the company in a research report on Wednesday, July 8th. Royal Bank of Canada reissued a “buy” rating on shares of Stericycle in a research note on Thursday, June 18th. BidaskClub upgraded shares of Stericycle from a “hold” rating to a “buy” rating in a report on Wednesday, July 22nd. Bank of America restated an “underperform” rating and issued a $44.00 price target (down from $52.00) on shares of Stericycle in a report on Wednesday, May 13th. Finally, Stifel Nicolaus lowered their price target on shares of Stericycle from $73.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $63.29.

About Stericycle

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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