Natixis Advisors LLC Increases Stake in Stericycle, Inc. (NASDAQ:SRCL)

Natixis Advisors LLC lifted its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 12.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 14,489 shares of the business services provider’s stock after buying an additional 1,565 shares during the period. Natixis Advisors LLC’s holdings in Stericycle were worth $884,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of Stericycle by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,171,659 shares of the business services provider’s stock valued at $126,238,000 after buying an additional 142,814 shares during the period. Pentwater Capital Management LP purchased a new position in shares of Stericycle during the second quarter valued at about $83,010,000. Magnetar Financial LLC purchased a new position in shares of Stericycle during the second quarter valued at about $81,596,000. Millennium Management LLC increased its position in shares of 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 valued at $76,457,000 after buying an additional 1,201,653 shares during the period. Finally, Robeco Schweiz AG increased its position in shares of Stericycle by 28.2% during the second quarter. Robeco Schweiz AG now owns 1,243,992 shares of the business services provider’s stock valued at $72,313,000 after buying an additional 273,914 shares during the period. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Stericycle Stock Performance

NASDAQ:SRCL opened at $61.98 on Thursday. Stericycle, Inc. has a one year low of $37.78 and a one year high of $61.99. 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’s 50-day simple moving average is $61.40 and its 200 day simple moving average is $58.58. The firm has a market capitalization of $5.75 billion, a P/E ratio of 163.11, a PEG ratio of 3.38 and a beta of 1.10.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Stericycle in a research report on Thursday. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $74.00.

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.