First Midwest Bank Trust Division increased its stake in shares of Stericycle Inc. (NASDAQ:SRCL) by 6.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,659 shares of the company’s stock after buying an additional 1,040 shares during the period. First Midwest Bank Trust Division’s holdings in Stericycle were worth $1,415,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Capstone Asset Management Co. increased its position in Stericycle by 0.3% in the third quarter. Capstone Asset Management Co. now owns 7,633 shares of the company’s stock valued at $612,000 after buying an additional 20 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Stericycle by 2.9% in the second quarter. Parkside Financial Bank & Trust now owns 1,432 shares of the company’s stock worth $149,000 after buying an additional 41 shares during the last quarter. Genesee Valley Trust Co. boosted its stake in shares of Stericycle by 1.0% in the second quarter. Genesee Valley Trust Co. now owns 4,511 shares of the company’s stock worth $470,000 after buying an additional 43 shares during the last quarter. Spero Smith Investment Advisers Inc. OH boosted its stake in shares of Stericycle by 0.3% in the second quarter. Spero Smith Investment Advisers Inc. OH now owns 16,883 shares of the company’s stock worth $1,758,000 after buying an additional 50 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of Stericycle by 1.7% in the second quarter. Ameritas Investment Partners Inc. now owns 3,091 shares of the company’s stock worth $322,000 after buying an additional 53 shares during the last quarter. Institutional investors own 92.46% of the company’s stock.
Shares of Stericycle Inc. (NASDAQ:SRCL) opened at 76.77 on Monday. The company’s 50-day moving average is $75.40 and its 200-day moving average is $88.61. The firm has a market cap of $6.53 billion, a price-to-earnings ratio of 27.91 and a beta of 0.17. Stericycle Inc. has a 12 month low of $72.20 and a 12 month high of $128.94.
Stericycle (NASDAQ:SRCL) last posted its earnings results on Thursday, October 27th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.07. The firm earned $890.10 million during the quarter, compared to analyst estimates of $899.87 million. Stericycle had a net margin of 7.52% and a return on equity of 15.33%. Stericycle’s revenue was up 23.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 EPS. On average, equities research analysts forecast that Stericycle Inc. will post $4.74 earnings per share for the current fiscal year.
Several research analysts recently issued reports on the stock. Wedbush cut their price target on shares of Stericycle from $95.00 to $85.00 and set a “neutral” rating for the company in a report on Thursday, September 22nd. Northcoast Research cut shares of Stericycle from a “buy” rating to a “neutral” rating in a report on Tuesday, September 20th. Robert W. Baird cut their price target on shares of Stericycle from $99.00 to $85.00 and set a “neutral” rating for the company in a report on Friday, September 23rd. Zacks Investment Research raised shares of Stericycle from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 28th. Finally, Barrington Research reissued an “outperform” rating and set a $88.00 price target (down from $100.00) on shares of Stericycle in a report on Wednesday, October 5th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $92.75.
In other Stericycle news, EVP John P. Schetz sold 1,398 shares of the business’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $81.85, for a total transaction of $114,426.30. Following the completion of the transaction, the executive vice president now directly owns 1,088 shares of the company’s stock, valued at approximately $89,052.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.30% of the company’s stock.
Stericycle Company Profile
Stericycle, Inc is a business-to-business services provider with a focus on regulated and compliance solutions for healthcare, retail and commercial businesses. The Company’s solutions include the collection and processing of specialized waste for disposal, the collection of personal and confidential information for secure destruction, and a range of training, consulting, recall/return, communication and compliance services.