Davis R M Inc increased its stake in Stericycle Inc (NASDAQ:SRCL) by 8.69% based on its latest 2016Q2 regulatory filing with the SEC. Davis R M Inc bought 23,982 shares as the company’s stock rose 7.06% with the market. The institutional investor held 299,932 shares of the basic industries company at the end of 2016Q2, valued at $37.85 million, up from 275,950 at the end of the previous reported quarter. Davis R M Inc who had been investing in Stericycle Inc for a number of months, seems to be bullish on the $7.06B market cap company. The stock is down 0.77% or $0.64 hitting $82.25, despite the positive news. About 1.09 million shares traded hands. Stericycle Inc (NASDAQ:SRCL) has declined 21.79% since February 8, 2016 and is downtrending. It has underperformed by 38.28% the S&P500.
Davis R M Inc, which manages about $2.84 billion and $1.96B US Long portfolio, decreased its stake in Starbucks Corp (NASDAQ:SBUX) by 53,179 shares to 427,039 shares, valued at $25.49 million in 2016Q2, according to the filing. It also reduced its holding in Union Pacific Corp (NYSE:UNP) by 81,895 shares in the quarter, leaving it with 141,892 shares, and cut its stake in Ishares Msci Eafe Etf (EFA).
Davis R M Inc is a Maine-based institutional investor with more than $2.84 billion AUM in December, 2014. Taken from Davis R M latest Adv, the fund reported to have 40 full and part-time employees. Among which 22 performing investment advisory and research functions. The institutional investor had more than 1500 clients.
The institutional sentiment decreased to 0.91 in Q2 2016. Its down 0.14, from 1.05 in 2016Q1. The ratio dropped, as 61 funds sold all SRCL shares owned while 218 reduced positions. 67 funds bought stakes while 186 increased positions. They now own 75.40 million shares or 8.40% less from 82.31 million shares in 2016Q1.
Ashmore Wealth Management Llc holds 3.32% of its portfolio in SRCL for 828,809 shares. Noesis Capital Mangement Corp owns 61,800 shares or 2.86% of their US portfolio. Moreover, Generation Investment Management Llp has 2.75% invested in the company for 2.28 million shares. The Maryland-based Df Dent & Co Inc has invested 2.62% in the stock. Swift Run Capital Management Llc, a Virginia-based fund reported 36,760 shares.
Out of 10 analysts covering Stericycle Inc. (NASDAQ:SRCL), 1 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 10% are positive. Stericycle Inc. has been the topic of 23 analyst reports since October 8, 2015 according to StockzIntelligence Inc. Imperial Capital maintained the stock on September 9 with “Underperform” rating.
Stericycle, Inc. is a business-to-business services well-known provider with a focus on regulated and compliance solutions for healthcare, retail and commercial businesses. The company has a market cap of $7.06 billion. 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. It has a 31.41 P/E ratio. It operates regulated waste management networks in the United States and over 20 other countries.
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