Stericycle, Inc. (NASDAQ:SRCL) Shares Sold by IFP Advisors Inc

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.

Stericycle (NASDAQ:SRCL – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The business services provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.06. The firm had revenue of $684.30 million for the quarter, compared to analyst estimates of $670.61 million. Stericycle had a net margin of 2.99% and a return on equity of 8.58%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 earnings per share. As a group, analysts expect that Stericycle, Inc. will post 1.91 earnings per share for the current year.

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

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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).