Stericycle (NASDAQ:SRCL) Sees Large Volume Increase After Insider Buying Activity

Stericycle, Inc. (NASDAQ:SRCL – Get Rating) saw unusually-high trading volume on Tuesday following insider buying activity. Approximately 201,161 shares traded hands during mid-day trading, a decline of 36% from the previous session’s volume of 313,757 shares.The stock last traded at $48.92 and had previously closed at $47.84.

Specifically, Director Naren K. Gursahaney acquired 6,000 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The stock was purchased at an average price of $47.91 per share, for a total transaction of $287,460.00. Following the completion of the acquisition, the director now owns 6,000 shares in the company, valued at $287,460. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.69% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on SRCL shares. Robert W. Baird downgraded Stericycle from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $65.00 to $53.00 in a report on Friday, February 24th. StockNews.com upgraded Stericycle from a “hold” rating to a “buy” rating in a report on Wednesday, February 8th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Stericycle has an average rating of “Hold” and an average price target of $49.50.

Stericycle Trading Down 0.3 %

The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.61. The business’s fifty day moving average is $52.43 and its 200 day moving average is $49.68. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 78.16, a price-to-earnings-growth ratio of 3.12 and a beta of 1.27.

Stericycle (NASDAQ:SRCL – Get Rating) last issued its quarterly earnings data on Thursday, February 23rd. The business services provider reported $0.60 EPS for the quarter, hitting analysts’ consensus estimates of $0.60. The business had revenue of $670.40 million for the quarter, compared to analyst estimates of $698.26 million. Stericycle had a net margin of 2.07% and a return on equity of 7.95%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period last year, the business posted $0.38 earnings per share. Equities analysts predict that Stericycle, Inc. will post 1.9 earnings per share for the current year.

Institutional Investors Weigh In On Stericycle

Several institutional investors have recently bought and sold shares of SRCL. Black Creek Investment Management Inc. lifted its stake in Stericycle by 70.0% in the 2nd quarter. Black Creek Investment Management Inc. now owns 5,204,101 shares of the business services provider’s stock valued at $228,200,000 after acquiring an additional 2,142,812 shares in the last quarter. Clarkston Capital Partners LLC boosted its stake in shares of Stericycle by 28.5% during the 2nd quarter. Clarkston Capital Partners LLC now owns 5,620,912 shares of the business services provider’s stock worth $246,477,000 after buying an additional 1,245,500 shares during the last quarter. Schroder Investment Management Group acquired a new position in shares of Stericycle during the 4th quarter worth about $39,287,000. Lazard Asset Management LLC acquired a new position in shares of Stericycle during the 4th quarter worth about $29,286,000. Finally, Impax Asset Management Group plc boosted its stake in shares of Stericycle by 23.3% during the 3rd quarter. Impax Asset Management Group plc now owns 2,796,974 shares of the business services provider’s stock worth $116,949,000 after buying an additional 528,468 shares during the last quarter. Institutional investors own 98.06% of the company’s stock.

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).