Louisiana State Employees Retirement System Has $1.57 Million Stake in Stericycle, Inc. (NASDAQ:SRCL)

Louisiana State Employees Retirement System lowered its holdings in Stericycle, Inc. (NASDAQ:SRCL) by 1.9% during the third quarter, Holdings Channel.com reports. The firm owned 25,700 shares of the business services provider’s stock after selling 500 shares during the period. Louisiana State Employees Retirement System’s holdings in Stericycle were worth $1,568,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of SRCL. Pentwater Capital Management LP acquired a new position in Stericycle in the second quarter worth $83,010,000. Magnetar Financial LLC acquired a new position in Stericycle in the second quarter worth $81,596,000. Millennium Management LLC boosted its stake in Stericycle by 1,057.6% in the second 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 in the last quarter. Alpine Associates Management Inc. acquired a new position in Stericycle in the second quarter worth $62,298,000. Finally, Capital Research Global Investors boosted its stake in Stericycle by 11.4% in the first quarter. Capital Research Global Investors now owns 6,667,911 shares of the business services provider’s stock worth $351,732,000 after purchasing an additional 679,974 shares in the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Stericycle in a research note on Sunday, October 27th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $74.00.

Stericycle Stock Performance

Shares of SRCL opened at $61.47 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.55. Stericycle, Inc. has a 12-month low of $37.78 and a 12-month high of $61.77. The firm has a market capitalization of $5.71 billion, a PE ratio of 161.76, a price-to-earnings-growth ratio of 3.32 and a beta of 1.11. The stock’s fifty day simple moving average is $60.76 and its 200-day simple moving average is $56.62.

Stericycle Profile

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.