Webster Bank N. A. Sells 402 Shares of Stericycle Inc (NASDAQ:SRCL)

Webster Bank N. A. decreased its position in shares of Stericycle Inc (NASDAQ:SRCL) by 19.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,691 shares of the business services provider’s stock after selling 402 shares during the quarter. Webster Bank N. A.’s holdings in Stericycle were worth $108,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Radnor Capital Management LLC acquired a new stake in Stericycle in the 4th quarter valued at $247,000. Evoke Wealth LLC acquired a new stake in Stericycle in the 3rd quarter valued at $51,000. Metropolitan Life Insurance Co NY grew its position in Stericycle by 4.0% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 25,382 shares of the business services provider’s stock valued at $1,293,000 after purchasing an additional 982 shares during the period. Public Employees Retirement System of Ohio grew its position in Stericycle by 8.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 31,063 shares of the business services provider’s stock valued at $1,582,000 after purchasing an additional 2,331 shares during the period. Finally, California State Teachers Retirement System grew its position in Stericycle by 0.3% in the 3rd quarter. California State Teachers Retirement System now owns 142,277 shares of the business services provider’s stock valued at $7,246,000 after purchasing an additional 385 shares during the period.

SRCL opened at $62.01 on Wednesday. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 2.65 and a beta of 1.28. The firm’s fifty day moving average price is $63.60 and its two-hundred day moving average price is $53.45. Stericycle Inc has a 1 year low of $39.60 and a 1 year high of $66.60.

Stericycle (NASDAQ:SRCL) last posted its quarterly earnings data on Thursday, October 31st. The business services provider reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.12. The firm had revenue of $833.10 million for the quarter, compared to the consensus estimate of $842.21 million. Stericycle had a negative net margin of 13.26% and a positive return on equity of 10.52%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 EPS. As a group, equities analysts anticipate that Stericycle Inc will post 2.63 EPS for the current year.

Several analysts recently issued reports on SRCL shares. Jefferies Financial Group started coverage on shares of Stericycle in a research report on Wednesday, November 27th. They issued a “hold” rating and a $68.00 price target for the company. BidaskClub downgraded shares of Stericycle from a “buy” rating to a “hold” rating in a report on Friday, December 13th. Royal Bank of Canada initiated coverage on shares of Stericycle in a report on Wednesday, November 27th. They set an “outperform” rating and a $75.00 price objective on the stock. TheStreet raised shares of Stericycle from a “d+” rating to a “c-” rating in a report on Thursday, October 31st. Finally, ValuEngine downgraded shares of Stericycle from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $57.43.

In related news, EVP Daniel Ginnetti sold 6,000 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $55.47, for a total value of $332,820.00. Following the transaction, the executive vice president now directly owns 15,943 shares of the company’s stock, valued at approximately $884,358.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is owned by insiders.

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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