Stericycle, Inc. (SRCL) Stake Lowered by Stratos Wealth Partners LTD.

Paterniano Del Favero
Agosto 4, 2017

Kernodle & Katon Asset Management Group LLC acquired a new stake in Stericycle during the first quarter valued at about $100,000.

Several equities analysts recently weighed in on SRCL shares. The institutional investor owned 5,012 shares of the business services provider's stock after selling 40 shares during the period. Invictus RG bought a new position in Stericycle during the first quarter valued at $145,000.

Current levels places Stericycle, Inc. Dimensional Fund Advisors LP increased its position in shares of Stericycle by 3.1% in the fourth quarter. Morgan Dempsey Capital Management LLC now owns 1,902 shares of the business services provider's stock valued at $158,000 after buying an additional 48 shares in the last quarter. Federated Investors Inc. PA boosted its stake in Stericycle by 31.1% in the fourth quarter.

Total shares held by institutions as of the most recent company filings are 77,741,193 with a reported 8,302,156 bought and 8,086,136 sold. Finally, Smith Graham & Co. Finally, Morgan Dempsey Capital Management LLC raised its stake in Stericycle by 2.6% in the first quarter. Investment Advisors LP now owns 49,030 shares of the business services provider's stock valued at $4,064,000 after buying an additional 9,870 shares during the period. Hedge funds and other institutional investors own 95.12% of the company's stock. T. Rowe Price Associates, Inc.is the second biggest holder with 5 million shares now valued at 406.23 million whilst State Street Corp has 3 million shares valued at 287.69 million.

Stericycle (NASDAQ SRCL) traded up 8.87% during trading on Thursday, reaching $82.76. During the same period in the prior year, the company posted $1.11 EPS. The stock's market capitalization is 6.48B. Including today's unusual volume, Stericycle, Inc.'s stock is performing at -1.32% on the year. Stericycle, Inc. The firm's 50-day moving average price is $76.84 and its 200 day moving average price is $80.67.

More interesting news about Stericycle Inc (NASDAQ:SRCL) were released by: Nasdaq.com and their article: "Community Financial Services Group, LLC Buys Embraer SA, Stericycle Inc ..." published on July 06, 2017 as well as Nasdaq.com's news article titled: "Stericycle (SRCL) to Report Q2 Earnings: What Lies Ahead?" with publication date: August 01, 2017. The business services provider reported $1.09 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.05 by $0.04. The firm had revenue of $892.40 million during the quarter, compared to analyst estimates of $874.34 million. Stericycle had a net margin of 6.56% and a return on equity of 7.53%. The company's revenue was up 2.1% compared to the same quarter a year ago.

They expect $1.13 EPS, down 4.42% or $0.05 from last year's $1.18 per share. If you are viewing this article on another site, it was illegally copied and republished in violation of US & global copyright and trademark legislation. The original version of this news story can be viewed at https://rinconhillneighbors.org/2017/08/03/stericycle-inc-srcl-given-a-108-00-price-target-by-jefferies-group-llc-analysts.html.

A number of research firms have recently issued reports on SRCL. Deutsche Bank AG lowered their price target on shares of Stericycle from $14.00 to $10.00 and set a "buy" rating on the stock in a research note on Monday, May 15th. Barclays PLC initiated coverage on shares of Stericycle in a report on Thursday, April 13th. They set an "overweight" rating and a $100.00 price target on the stock. Zacks Investment Research raised Stericycle from a "hold" rating to a "buy" rating and set a $97.00 target price for the company in a report on Tuesday, April 25th. BMO Capital Markets began coverage on shares of Stericycle in a research note on Thursday, June 29th. The stock of Stericycle Inc (NASDAQ:SRCL) has "Underperform" rating given on Monday, September 19 by RBC Capital Markets. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company's stock. Stericycle has an average rating of "Hold" and a consensus target price of $81.15. 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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