Stericycle (NASDAQ:SRCL) Now Covered by Analysts at StockNews.com

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

Stericycle Stock Performance

Shares of SRCL stock opened at $61.98 on Wednesday. The business has a 50-day moving average price of $61.39 and a two-hundred day moving average price of $58.11. The firm 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. Stericycle has a 12-month low of $37.78 and a 12-month high of $61.99. The company has a quick ratio of 1.13, a current ratio of 1.20 and a debt-to-equity ratio of 0.53.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SRCL. OneDigital Investment Advisors LLC boosted its holdings in shares of Stericycle by 1.3% during the third quarter. OneDigital Investment Advisors LLC now owns 13,723 shares of the business services provider’s stock worth $837,000 after purchasing an additional 171 shares during the period. Virtu Financial LLC boosted its position in shares of Stericycle by 4.7% during the third quarter. Virtu Financial LLC now owns 4,676 shares of the business services provider’s stock valued at $285,000 after purchasing an additional 209 shares in the last quarter. SkyView Investment Advisors LLC raised its holdings in Stericycle by 2.3% in the third quarter. SkyView Investment Advisors LLC now owns 16,588 shares of the business services provider’s stock worth $1,012,000 after purchasing an additional 368 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Stericycle by 6.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,447 shares of the business services provider’s stock valued at $433,000 after buying an additional 449 shares in the last quarter. Finally, Arizona State Retirement System grew its position in shares of Stericycle by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 25,915 shares of the business services provider’s stock worth $1,506,000 after buying an additional 487 shares during the period. 98.82% of the stock is owned by institutional investors.

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.