Stericycle, Inc. (NASDAQ:SRCL) Position Reduced by Janus Capital Management LLC

Janus Capital Management LLC lowered its position in Stericycle, Inc. (NASDAQ:SRCL) by 73.4% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 4,057 shares of the business services provider’s stock after selling 11,191 shares during the period. Janus Capital Management LLC’s holdings in Stericycle were worth $336,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC boosted its position in Stericycle by 0.5% in the first quarter. HighTower Advisors LLC now owns 7,604 shares of the business services provider’s stock worth $627,000 after buying an additional 41 shares in the last quarter. Morgan Dempsey Capital Management LLC boosted its position in Stericycle by 2.6% in the first quarter. Morgan Dempsey Capital Management LLC now owns 1,902 shares of the business services provider’s stock worth $158,000 after buying an additional 48 shares in the last quarter. Pacer Advisors Inc. boosted its position in Stericycle by 3.3% in the first quarter. Pacer Advisors Inc. now owns 1,735 shares of the business services provider’s stock worth $144,000 after buying an additional 55 shares in the last quarter. OppenheimerFunds Inc. boosted its position in Stericycle by 1.2% in the first quarter. OppenheimerFunds Inc. now owns 5,266 shares of the business services provider’s stock worth $436,000 after buying an additional 60 shares in the last quarter. Finally, Sentry Investment Management LLC boosted its position in Stericycle by 1.4% in the first quarter. Sentry Investment Management LLC now owns 6,348 shares of the business services provider’s stock worth $526,000 after buying an additional 88 shares in the last quarter. Institutional investors own 94.56% of the company’s stock.

Shares of Stericycle, Inc. (SRCL) traded down 0.49% during midday trading on Friday, hitting $70.70. 633,268 shares of the company were exchanged. The stock’s market capitalization is $6.03 billion. Stericycle, Inc. has a 52-week low of $70.24 and a 52-week high of $88.00. The company has a 50-day moving average price of $75.61 and a 200-day moving average price of $80.16.

Stericycle (NASDAQ:SRCL) last posted its quarterly earnings data on Thursday, August 3rd. The business services provider reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The firm had revenue of $917.70 million during the quarter, compared to analysts’ expectations of $902.81 million. Stericycle had a positive return on equity of 14.35% and a negative net margin of 0.07%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.18 EPS. On average, analysts forecast that Stericycle, Inc. will post $4.60 EPS for the current year.

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A number of equities research analysts have recently issued reports on SRCL shares. Jefferies Group LLC set a $108.00 target price on shares of Stericycle and gave the stock a “buy” rating in a report on Saturday, May 6th. BMO Capital Markets started coverage on shares of Stericycle in a report on Thursday, June 29th. They set a “market perform” rating and a $81.00 target price for the company. Barclays PLC reaffirmed an “overweight” rating and set a $100.00 target price on shares of Stericycle in a report on Wednesday, August 9th. BidaskClub raised shares of Stericycle from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Finally, Zacks Investment Research raised shares of Stericycle from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a report on Tuesday, April 25th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $81.15.

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.

Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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