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

Analysts at StockNews.com assumed coverage on shares of Stericycle (NASDAQ:SRCL) in a note issued to investors on Monday. The firm set a “hold” rating on the business services provider’s stock.

Stericycle Price Performance

NASDAQ:SRCL opened at $61.98 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.55. The business’s 50-day moving average price is $60.89 and its 200 day moving average price is $56.91. Stericycle has a 52-week low of $37.78 and a 52-week high of $61.99. The firm has a market cap of $5.75 billion, a P/E ratio of 163.11, a PEG ratio of 3.38 and a beta of 1.10.

Institutional Investors Weigh In On Stericycle

Large investors have recently added to or reduced their stakes in the stock. Pentwater Capital Management LP bought a new stake in shares of Stericycle in the second quarter valued at approximately $83,010,000. Magnetar Financial LLC bought a new stake in shares of Stericycle in the second quarter valued at about $81,596,000. Millennium Management LLC grew its position in Stericycle by 1,057.6% during the second quarter. Millennium Management LLC now owns 1,315,274 shares of the business services provider’s stock worth $76,457,000 after buying an additional 1,201,653 shares in the last quarter. Alpine Associates Management Inc. bought a new position in Stericycle during the second quarter valued at about $62,298,000. Finally, Capital Research Global Investors raised its holdings in 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 in the last quarter. Institutional investors own 98.82% of the company’s stock.

Stericycle Company 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.