California State Teachers Retirement System cut its stake in shares of Stericycle Inc (NASDAQ:SRCL) by 9.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,134 shares of the business services provider’s stock after selling 14,212 shares during the period. California State Teachers Retirement System owned 0.16% of Stericycle worth $9,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Mackenzie Financial Corp raised its position in Stericycle by 9.3% during the third quarter. Mackenzie Financial Corp now owns 16,314 shares of the business services provider’s stock valued at $1,168,000 after purchasing an additional 1,383 shares during the period. Stifel Financial Corp raised its holdings in shares of Stericycle by 15.1% in the third quarter. Stifel Financial Corp now owns 99,039 shares of the business services provider’s stock worth $7,128,000 after buying an additional 12,997 shares during the period. Tredje AP fonden raised its holdings in shares of Stericycle by 51.1% in the third quarter. Tredje AP fonden now owns 7,750 shares of the business services provider’s stock worth $555,000 after buying an additional 2,620 shares during the period. Commerzbank Aktiengesellschaft FI raised its holdings in shares of Stericycle by 36.5% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 10,050 shares of the business services provider’s stock worth $720,000 after buying an additional 2,688 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Stericycle by 24.6% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 14,200 shares of the business services provider’s stock worth $1,017,000 after buying an additional 2,800 shares during the period. Institutional investors and hedge funds own 94.48% of the company’s stock.

In related news, Director Mark C. Miller sold 19,753 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $64.03, for a total value of $1,264,784.59. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders sold 79,012 shares of company stock worth $5,240,668. 3.50% of the stock is owned by insiders.

Several equities research analysts have recently weighed in on the company. William Blair reiterated an “ourperform” rating on shares of Stericycle in a report on Thursday, September 14th. Zacks Investment Research downgraded Stericycle from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Jefferies Group set a $108.00 price target on Stericycle and gave the stock a “buy” rating in a report on Tuesday, October 17th. BidaskClub upgraded Stericycle from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, Oppenheimer reiterated a “hold” rating on shares of Stericycle in a report on Wednesday, December 13th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. Stericycle has an average rating of “Hold” and a consensus price target of $74.45.

Stericycle Inc (NASDAQ:SRCL) opened at $68.31 on Tuesday. Stericycle Inc has a 52 week low of $61.25 and a 52 week high of $88.00. The stock has a market capitalization of $5,790.00, a P/E ratio of -121.98, a P/E/G ratio of 1.68 and a beta of 0.16. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.93.

Stericycle (NASDAQ:SRCL) last announced its quarterly earnings data on Wednesday, November 8th. The business services provider reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.04). Stericycle had a positive return on equity of 13.93% and a negative net margin of 0.79%. The firm had revenue of $883.00 million during the quarter, compared to the consensus estimate of $896.81 million. During the same period last year, the company earned $1.24 EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. analysts expect that Stericycle Inc will post 4.5 EPS for the current year.

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About Stericycle

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.

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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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