As Stericycle (SRCL) Shares Declined, Addenda Capital Has Lowered Its Holding by $374,312; Lumbard & Kellner Has Lifted Stake in Shire Plc A D R (SHPG) by $1.30 Million

January 13, 2018 - By Ruchi Gupta

Addenda Capital Inc decreased its stake in Stericycle Inc (SRCL) by 14.53% based on its latest 2017Q3 regulatory filing with the SEC. Addenda Capital Inc sold 5,272 shares as the company’s stock declined 1.87% while stock markets rallied. The institutional investor held 31,002 shares of the basic industries company at the end of 2017Q3, valued at $2.22 million, down from 36,274 at the end of the previous reported quarter. Addenda Capital Inc who had been investing in Stericycle Inc for a number of months, seems to be less bullish one the $6.11B market cap company. The stock increased 0.03% or $0.02 during the last trading session, reaching $71.6. About 857,516 shares traded or 3.88% up from the average. Stericycle, Inc. (NASDAQ:SRCL) has declined 14.12% since January 13, 2017 and is downtrending. It has underperformed by 30.82% the S&P500.

Lumbard & Kellner Llc increased its stake in Shire Plc A D R (SHPG) by 46.86% based on its latest 2017Q3 regulatory filing with the SEC. Lumbard & Kellner Llc bought 8,515 shares as the company’s stock rose 4.45% with the market. The institutional investor held 26,685 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $4.09M, up from 18,170 at the end of the previous reported quarter. Lumbard & Kellner Llc who had been investing in Shire Plc A D R for a number of months, seems to be bullish on the $42.72 billion market cap company. The stock decreased 0.58% or $0.86 during the last trading session, reaching $147.55. About 1.10M shares traded. Shire plc (NASDAQ:SHPG) has risen 4.69% since January 13, 2017 and is uptrending. It has underperformed by 12.01% the S&P500.

Among 25 analysts covering Shire plc (ADR) (NASDAQ:SHPG), 20 have Buy rating, 0 Sell and 5 Hold. Therefore 80% are positive. Shire plc (ADR) had 63 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Friday, June 3. As per Tuesday, August 15, the company rating was maintained by Cantor Fitzgerald. As per Tuesday, September 5, the company rating was maintained by Jefferies. The rating was maintained by JP Morgan with “Overweight” on Friday, May 20. The rating was initiated by Evercore on Wednesday, August 16 with “Buy”. RBC Capital Markets maintained the shares of SHPG in report on Friday, August 4 with “Buy” rating. RBC Capital Markets maintained it with “Buy” rating and $21800 target in Wednesday, June 7 report. The firm earned “Overweight” rating on Monday, September 21 by Barclays Capital. The firm earned “Buy” rating on Monday, July 10 by RBC Capital Markets. The rating was initiated by Liberum Capital on Friday, May 6 with “Buy”.

Addenda Capital Inc, which manages about $22.35 billion and $1.43B US Long portfolio, upped its stake in Transcanada Corp (NYSE:TRP) by 19,790 shares to 1.01M shares, valued at $50.18M in 2017Q3, according to the filing. It also increased its holding in Canadian Nat Res Ltd (NYSE:CNQ) by 33,400 shares in the quarter, for a total of 1.53 million shares, and has risen its stake in Manulife Finl Corp (NYSE:MFC).

Since October 30, 2017, it had 0 insider purchases, and 1 sale for $1.39 million activity.

Analysts await Stericycle, Inc. (NASDAQ:SRCL) to report earnings on February, 21. They expect $1.14 EPS, up 14.00% or $0.14 from last year’s $1 per share. SRCL’s profit will be $97.33M for 15.70 P/E if the $1.14 EPS becomes a reality. After $1.10 actual EPS reported by Stericycle, Inc. for the previous quarter, Wall Street now forecasts 3.64% EPS growth.

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.05, from 0.94 in 2017Q2. It turned negative, as 42 investors sold SRCL shares while 185 reduced holdings. 54 funds opened positions while 148 raised stakes. 78.02 million shares or 2.16% more from 76.38 million shares in 2017Q2 were reported. State Treasurer State Of Michigan reported 25,881 shares. Pacad Investment Ltd reported 1,600 shares. Howland Management Ltd Limited Liability Company has invested 0.02% in Stericycle, Inc. (NASDAQ:SRCL). Van Eck Associate Corp holds 0.16% or 440,267 shares. Moreover, Hills Retail Bank And Tru Commerce has 0.1% invested in Stericycle, Inc. (NASDAQ:SRCL) for 4,664 shares. Gemmer Asset Management Ltd Liability, a California-based fund reported 3 shares. 2,322 are owned by Next Fincl Group Inc. Godshalk Welsh Mgmt stated it has 0.58% of its portfolio in Stericycle, Inc. (NASDAQ:SRCL). Investor Ab has invested 0.05% of its portfolio in Stericycle, Inc. (NASDAQ:SRCL). Prudential Financial holds 0.01% or 118,432 shares in its portfolio. Ny State Teachers Retirement Systems accumulated 141,988 shares. The Massachusetts-based Appleton Prtnrs Inc Ma has invested 0.03% in Stericycle, Inc. (NASDAQ:SRCL). Marshall Sullivan Inc Wa accumulated 14,754 shares or 0.97% of the stock. Cipher Capital Limited Partnership reported 10,806 shares. Tiaa Cref Invest Management Limited Com holds 0.01% or 291,233 shares in its portfolio.

Among 15 analysts covering Stericycle (NASDAQ:SRCL), 5 have Buy rating, 3 Sell and 7 Hold. Therefore 33% are positive. Stericycle had 51 analyst reports since August 14, 2015 according to SRatingsIntel. Imperial Capital maintained the stock with “In-Line” rating in Monday, October 26 report. The stock of Stericycle, Inc. (NASDAQ:SRCL) has “Buy” rating given on Thursday, December 28 by Stifel Nicolaus. As per Monday, June 26, the company rating was maintained by RBC Capital Markets. On Friday, October 23 the stock rating was maintained by Stifel Nicolaus with “Buy”. The firm has “Market Perform” rating by Raymond James given on Friday, April 29. Imperial Capital downgraded the stock to “Underperform” rating in Friday, July 29 report. As per Tuesday, September 20, the company rating was downgraded by Northcoast. Oppenheimer maintained the stock with “Hold” rating in Thursday, August 3 report. The stock of Stericycle, Inc. (NASDAQ:SRCL) has “Buy” rating given on Tuesday, March 22 by Sterne Agee CRT. The firm has “Sell” rating by Robert W. Baird given on Tuesday, October 10.

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