StockNews.com assumed coverage on shares of Stericycle (NASDAQ:SRCL - Free Report) in a research note issued to investors on Monday morning. The brokerage issued a hold rating on the business services provider's stock.
Stericycle Price Performance
NASDAQ SRCL remained flat at $61.98 during trading on Monday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.13 and a current ratio of 1.13. Stericycle has a 12 month low of $37.78 and a 12 month high of $61.99. The firm's fifty day moving average price is $60.82 and its 200-day moving average price is $56.82. The stock has a market capitalization of $5.75 billion, a P/E ratio of 163.11, a price-to-earnings-growth ratio of 3.36 and a beta of 1.10.
Institutional Trading of Stericycle
Several hedge funds have recently made changes to their positions in SRCL. Pentwater Capital Management LP bought a new position in Stericycle in the 2nd quarter worth about $83,010,000. Magnetar Financial LLC bought a new stake in shares of Stericycle in the 2nd quarter valued at about $81,596,000. Millennium Management LLC lifted its position in shares of Stericycle by 1,057.6% in the 2nd quarter. Millennium Management LLC now owns 1,315,274 shares of the business services provider's stock worth $76,457,000 after purchasing an additional 1,201,653 shares during the period. Alpine Associates Management Inc. bought a new position in shares of Stericycle during the second quarter valued at approximately $62,298,000. Finally, Capital Research Global Investors increased its holdings in shares of Stericycle by 11.4% in the 1st quarter. Capital Research Global Investors now owns 6,667,911 shares of the business services provider's stock valued at $351,732,000 after acquiring an additional 679,974 shares during the period. 98.82% of the stock is currently owned by hedge funds and other institutional investors.
About Stericycle
(
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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.
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