Morningstar Investment Services LLC Has $6.82 Million Stake in Stericycle Inc (NASDAQ:SRCL)

Morningstar Investment Services LLC trimmed its holdings in Stericycle Inc (NASDAQ:SRCL) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,456 shares of the business services provider’s stock after selling 10,477 shares during the period. Morningstar Investment Services LLC owned 0.14% of Stericycle worth $6,822,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. acquired a new stake in shares of Stericycle in the fourth quarter valued at approximately $9,572,000. Harbor Investment Advisory LLC acquired a new position in Stericycle during the first quarter valued at approximately $34,000. Bartlett & Co. LLC acquired a new position in Stericycle during the first quarter valued at approximately $45,000. WASHINGTON TRUST Co acquired a new position in Stericycle during the first quarter valued at approximately $59,000. Finally, Advisors Asset Management Inc. acquired a new position in Stericycle during the fourth quarter valued at approximately $79,000.

Shares of Stericycle stock traded down $0.74 during trading on Friday, hitting $60.44. The company’s stock had a trading volume of 401,432 shares, compared to its average volume of 314,316. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.47 and a quick ratio of 1.47. Stericycle Inc has a 52 week low of $38.45 and a 52 week high of $67.94. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of -16.74, a price-to-earnings-growth ratio of 5.06 and a beta of 1.14. The stock has a 50-day moving average price of $57.08 and a two-hundred day moving average price of $55.55.

Stericycle (NASDAQ:SRCL) last issued its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.13). Stericycle had a positive return on equity of 9.80% and a negative net margin of 10.08%. The business had revenue of $785.00 million during the quarter, compared to the consensus estimate of $793.27 million. During the same period in the prior year, the firm earned $0.57 EPS. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, equities analysts predict that Stericycle Inc will post 1.88 EPS for the current fiscal year.

Several research analysts have commented on SRCL shares. BidaskClub upgraded shares of Stericycle from a “hold” rating to a “buy” rating in a research report on Wednesday, July 22nd. TheStreet upgraded shares of Stericycle from a “d+” rating to a “c-” rating in a research report on Wednesday, June 3rd. Barrington Research downgraded shares of Stericycle to a “hold” rating in a research report on Tuesday, July 28th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Stericycle in a research note on Thursday, June 18th. Finally, Bank of America reaffirmed an “underperform” rating and set a $44.00 target price (down previously from $52.00) on shares of Stericycle in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $63.29.

In related news, EVP David W. Stahl sold 1,000 shares of the business’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $63.53, for a total value of $63,530.00. Insiders own 2.30% of the company’s stock.

Stericycle Profile

Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally. It operates through three segments: Domestic and Canada Regulated Waste and Compliance; International Regulated Waste and Compliance; and Domestic Communication and Related Services.

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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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