Prudential PLC increased its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 40.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 279,231 shares of the company’s stock after buying an additional 79,988 shares during the period. Prudential PLC’s holdings in Stericycle were worth $21,511,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in SRCL. Eagle Asset Management Inc. raised its stake in Stericycle by 33.9% in the third quarter. Eagle Asset Management Inc. now owns 55,417 shares of the company’s stock valued at $4,441,000 after buying an additional 14,018 shares during the last quarter. AMG Funds LLC raised its stake in Stericycle by 16.0% in the fourth quarter. AMG Funds LLC now owns 26,331 shares of the company’s stock valued at $2,029,000 after buying an additional 3,624 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI raised its stake in Stericycle by 10.0% in the second quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 98,058 shares of the company’s stock valued at $10,210,000 after buying an additional 8,905 shares during the last quarter. Minneapolis Portfolio Management Group LLC acquired a new stake in Stericycle during the second quarter valued at approximately $21,267,000. Finally, CGOV Asset Management acquired a new stake in Stericycle during the third quarter valued at approximately $8,365,000. Institutional investors own 94.49% of the company’s stock.
Shares of Stericycle, Inc. (NASDAQ:SRCL) traded down 0.18% during mid-day trading on Tuesday, reaching $78.05. 264,517 shares of the company’s stock were exchanged. Stericycle, Inc. has a one year low of $71.52 and a one year high of $128.94. The company has a market capitalization of $6.64 billion, a PE ratio of 28.37 and a beta of 0.08. The company’s 50-day moving average price is $77.99 and its 200-day moving average price is $78.89.
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Several brokerages have recently issued reports on SRCL. Jefferies Group LLC set a $108.00 target price on shares of Stericycle and gave the stock a “buy” rating in a research note on Tuesday, October 25th. Stifel Nicolaus upgraded shares of Stericycle from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research note on Friday, October 28th. Goldman Sachs Group, Inc. (The) downgraded shares of Stericycle from a “neutral” rating to a “sell” rating and set a $60.00 target price on the stock. in a research note on Thursday, November 3rd. Zacks Investment Research upgraded shares of Stericycle from a “strong sell” rating to a “hold” rating in a research note on Monday, October 31st. Finally, Wedbush reiterated a “neutral” rating and issued a $82.00 target price (down previously from $85.00) on shares of Stericycle in a research note on Tuesday, November 15th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Stericycle has a consensus rating of “Hold” and an average price target of $92.83.
In related news, Director Robert S. Murley bought 1,000 shares of the firm’s stock in a transaction on Wednesday, February 1st. The shares were bought at an average price of $76.22 per share, with a total value of $76,220.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark C. Miller sold 6,677 shares of the company’s stock in a transaction dated Tuesday, December 13th. The shares were sold at an average price of $76.23, for a total transaction of $508,987.71. Following the completion of the transaction, the director now directly owns 216,126 shares in the company, valued at approximately $16,475,284.98. The disclosure for this sale can be found here. Insiders own 3.30% of the company’s stock.
Stericycle Company Profile
Stericycle, Inc is a business-to-business services provider with a focus on regulated and compliance solutions for healthcare, retail and commercial businesses. The Company’s solutions include the collection and processing of specialized waste for disposal, the collection of personal and confidential information for secure destruction, and a range of training, consulting, recall/return, communication and compliance services.
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