Stericycle (NASDAQ:SRCL) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Stericycle (NASDAQ:SRCL) in a research note issued on Wednesday. The firm set a “hold” rating on the business services provider’s stock.

Stericycle Stock Performance

Stericycle stock opened at $61.98 on Wednesday. Stericycle has a fifty-two week low of $37.78 and a fifty-two week high of $61.99. The firm’s 50 day simple moving average is $61.38 and its 200-day simple moving average is $58.06. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 1.13. The company has a market cap of $5.75 billion, a P/E ratio of 163.11, a price-to-earnings-growth ratio of 3.38 and a beta of 1.10.

Institutional Trading of Stericycle

Large investors have recently added to or reduced their stakes in the company. Capital Research Global Investors raised its position in Stericycle by 11.4% during the first quarter. Capital Research Global Investors now owns 6,667,911 shares of the business services provider’s stock valued at $351,732,000 after buying an additional 679,974 shares during the period. Earnest Partners LLC increased its holdings in shares of Stericycle by 12.4% in the 1st quarter. Earnest Partners LLC now owns 2,460,020 shares of the business services provider’s stock valued at $129,766,000 after purchasing an additional 271,025 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Stericycle by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,171,659 shares of the business services provider’s stock valued at $126,238,000 after purchasing an additional 142,814 shares during the period. Citigroup Inc. lifted its position in shares of Stericycle by 1,433.7% in the third quarter. Citigroup Inc. now owns 2,046,496 shares of the business services provider’s stock worth $124,836,000 after purchasing an additional 1,913,065 shares in the last quarter. Finally, Alpine Associates Management Inc. boosted its holdings in shares of Stericycle by 83.4% during the third quarter. Alpine Associates Management Inc. now owns 1,965,997 shares of the business services provider’s stock worth $119,926,000 after purchasing an additional 894,297 shares during the period. 98.82% of the stock is owned by institutional investors and hedge funds.

About Stericycle

Stericycle, Inc, together with its subsidiaries, provides regulated waste and compliance services in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including regulated medical waste, sharps waste management and disposal, pharmaceutical waste management and disposal, chemotherapy waste and disposal, controlled substance waste disposal, healthcare hazardous waste, and integrated waste stream solutions; specialty services, such as MedDrop medication collection kiosks, safe community solutions, SafeDrop sharps mailback solutions, and airport and maritime waste services; medical supply store services, that includes sharps and disposable biohazardous waste containers, infection control supplies, and seal&send medication mail back; and compliance solutions including Steri-Safe compliance solutions.