Institutional Investors Lead Shift in Stericycle Inc (NASDAQ:SRCL) Sentiment

October 11, 2018 - By Ruchi Gupta

Stericycle, Inc. (NASDAQ:SRCL) Logo

Sentiment for Stericycle Inc (NASDAQ:SRCL)

Stericycle Inc (NASDAQ:SRCL) institutional sentiment increased to 1 in Q2 2018. Its up 0.02, from 0.98 in 2018Q1. The ratio is more positive, as 185 active investment managers increased or opened new stock positions, while 185 sold and trimmed stakes in Stericycle Inc. The active investment managers in our partner’s database now hold: 78.30 million shares, down from 80.32 million shares in 2018Q1. Also, the number of active investment managers holding Stericycle Inc in their top 10 stock positions increased from 2 to 3 for an increase of 1. Sold All: 38 Reduced: 147 Increased: 127 New Position: 58.

Stericycle, Inc., together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally. The company has market cap of $4.63 billion. The firm collects and processes regulated and specialized waste for disposal services; and collects personal and confidential information for secure destruction, as well as offers training, consulting, recall/return, communication, and compliance services. It has a 27.96 P/E ratio. The Company’s services and products include medical waste management, reusable sharps disposal management, pharmaceutical waste, and hazardous waste management services; integrated waste stream solutions program; sustainability and recycling services for expired or unused inventory; secure information destruction and hard drive destruction services; and regulated recall and returns management communication, logistics, and data management services for expired, withdrawn, or recalled products.

The stock decreased 0.13% or $0.07 during the last trading session, reaching $53.94. About 214,252 shares traded. Stericycle, Inc. (NASDAQ:SRCL) has declined 15.18% since October 11, 2017 and is downtrending. It has underperformed by 30.80% the S&P500.

Analysts await Stericycle, Inc. (NASDAQ:SRCL) to report earnings on November, 14. They expect $1.03 EPS, down 6.36 % or $0.07 from last year’s $1.1 per share. SRCL’s profit will be $88.47M for 13.09 P/E if the $1.03 EPS becomes a reality. After $1.17 actual EPS reported by Stericycle, Inc. for the previous quarter, Wall Street now forecasts -11.97 % negative EPS growth.

Clarkston Capital Partners Llc holds 6.22% of its portfolio in Stericycle, Inc. for 2.49 million shares. Trinity Street Asset Management Llp owns 477,575 shares or 5.31% of their US portfolio. Moreover, Fairpointe Capital Llc has 3.02% invested in the company for 1.98 million shares. The California-based Mcdonald Capital Investors Inc Ca has invested 2.21% in the stock. Global Thematic Partners Llc, a New York-based fund reported 750,211 shares.

Since January 1, 0001, it had 0 buys, and 7 selling transactions for $13.77 million activity.

More recent Stericycle, Inc. (NASDAQ:SRCL) news were published by: which released: “Stericycle, Inc. Announces Completion of Mandatory Conversion” on September 14, 2018. Also published the news titled: “New operating chief at Stericycle” on September 28, 2018.‘s news article titled: “Stericycle completes mandatory conversion of preferred stock” with publication date: September 14, 2018 was also an interesting one.

Stericycle, Inc. (NASDAQ:SRCL) Institutional Positions Chart

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