Thomas White International Ltd. Trims Stake in Stericycle Inc (SRCL)

Thomas White International Ltd. decreased its holdings in shares of Stericycle Inc (NASDAQ:SRCL) by 26.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,467 shares of the business services provider’s stock after selling 3,706 shares during the period. Thomas White International Ltd.’s holdings in Stericycle were worth $711,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Stericycle by 1.6% in the fourth quarter. BlackRock Inc. now owns 5,440,000 shares of the business services provider’s stock worth $369,863,000 after buying an additional 84,740 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Stericycle by 48.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,821,600 shares of the business services provider’s stock worth $191,840,000 after buying an additional 922,641 shares during the period. Clarkston Capital Partners LLC boosted its holdings in shares of Stericycle by 97.5% in the fourth quarter. Clarkston Capital Partners LLC now owns 2,002,235 shares of the business services provider’s stock worth $136,132,000 after buying an additional 988,350 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Stericycle by 89.3% in the third quarter. Schroder Investment Management Group now owns 1,973,743 shares of the business services provider’s stock worth $141,556,000 after buying an additional 931,300 shares during the period. Finally, Jennison Associates LLC boosted its holdings in shares of Stericycle by 0.4% in the third quarter. Jennison Associates LLC now owns 1,494,643 shares of the business services provider’s stock worth $107,046,000 after buying an additional 5,522 shares during the period. Institutional investors own 92.57% of the company’s stock.

Shares of Stericycle Inc (SRCL) opened at $76.02 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.93. The stock has a market cap of $6,490.05, a P/E ratio of -133.37, a PEG ratio of 1.79 and a beta of 0.26. Stericycle Inc has a 52-week low of $61.25 and a 52-week high of $88.00.

SRCL has been the subject of several recent analyst reports. Royal Bank of Canada decreased their target price on shares of Stericycle from $74.00 to $67.00 and set an “underperform” rating for the company in a report on Thursday, November 9th. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 target price (down from $95.00) on shares of Stericycle in a report on Thursday, November 9th. BMO Capital Markets decreased their target price on shares of Stericycle from $74.00 to $62.00 and set a “market perform” rating for the company in a report on Friday, November 10th. Barrington Research decreased their target price on shares of Stericycle from $87.00 to $75.00 and set an “outperform” rating for the company in a report on Friday, November 10th. Finally, BidaskClub upgraded shares of Stericycle from a “strong sell” rating to a “sell” rating in a report on Saturday, December 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Stericycle currently has an average rating of “Hold” and a consensus target price of $73.70.

In other news, Director Mark C. Miller sold 19,753 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $67.43, for a total value of $1,331,944.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this piece of content on another publication, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.thelincolnianonline.com/2018/02/20/thomas-white-international-ltd-trims-stake-in-stericycle-inc-srcl.html.

Stericycle Profile

Stericycle, Inc is a business-to-business services provider. The Company focuses on regulated and compliance solutions for healthcare, retail, and commercial businesses. 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.

Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

Receive News & Ratings for Stericycle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stericycle and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply