IFP Advisors Inc cut its stake in Stericycle, Inc. (NASDAQ:SRCL – Get Rating) by 78.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,167 shares of the business services provider’s stock after selling 4,299 shares during the quarter. IFP Advisors Inc’s holdings in Stericycle were worth $76,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Markel Corp raised its holdings in Stericycle by 6.4% in the first quarter. Markel Corp now owns 631,700 shares of the business services provider’s stock valued at $37,220,000 after acquiring an additional 38,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Stericycle by 3.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 9,987 shares of the business services provider’s stock valued at $588,000 after acquiring an additional 329 shares during the period. Cetera Advisor Networks LLC grew its position in Stericycle by 11.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 4,834 shares of the business services provider’s stock worth $285,000 after purchasing an additional 490 shares during the last quarter. Natixis Advisors L.P. acquired a new position in Stericycle in the 1st quarter valued at about $630,000. Finally, Bank of Montreal Can increased its position in Stericycle by 54.3% in the 1st quarter. Bank of Montreal Can now owns 70,931 shares of the business services provider’s stock valued at $4,213,000 after acquiring an additional 24,969 shares during the period. 98.06% of the stock is owned by institutional investors and hedge funds.
Stericycle Stock Performance
Shares of SRCL opened at $43.70 on Tuesday. The company’s fifty day moving average price is $43.01 and its 200 day moving average price is $48.30. Stericycle, Inc. has a one year low of $39.63 and a one year high of $56.12. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market capitalization of $4.04 billion, a PE ratio of 49.66, a price-to-earnings-growth ratio of 2.87 and a beta of 1.23.
Analyst Ratings Changes
Several equities analysts have issued reports on SRCL shares. StockNews.com upgraded Stericycle from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. Robert W. Baird downgraded Stericycle from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $65.00 to $53.00 in a report on Friday, February 24th. TheStreet raised shares of Stericycle from a “d+” rating to a “c” rating in a research report on Tuesday, March 7th. Finally, Truist Financial initiated coverage on shares of Stericycle in a report on Monday, April 17th. They issued a “hold” rating and a $45.00 target price on the stock.
Insider Transactions at Stericycle
In related news, Director Naren K. Gursahaney acquired 6,000 shares of the stock in a transaction dated Friday, February 24th. The stock was bought at an average price of $47.91 per share, with a total value of $287,460.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at $287,460. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.63% of the stock is owned by insiders.
Stericycle Company Profile
Stericycle, Inc engages in the provision of waste management services. It operates through the following segments: North America and International. The North America and International segments offer the following services: Regulated Waste and Compliance Services (RWCS), Secure Information Destruction Services (SID), Communication and Related Services (CRS).
- Get a free copy of the StockNews.com research report on Stericycle (SRCL)
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