Charles Schwab Investment Management Inc. Boosts Stock Position in Stericycle, Inc. (NASDAQ:SRCL)

Charles Schwab Investment Management Inc. grew its holdings in Stericycle, Inc. (NASDAQ:SRCL) by 3.6% during the third quarter, HoldingsChannel.com reports. The firm owned 1,182,925 shares of the business services provider’s stock after acquiring an additional 41,312 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Stericycle were worth $72,158,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Nuance Investments LLC grew its holdings in shares of Stericycle by 9.2% in the third quarter. Nuance Investments LLC now owns 699,924 shares of the business services provider’s stock worth $42,695,000 after purchasing an additional 58,891 shares during the last quarter. Alpine Associates Management Inc. boosted its position in Stericycle by 83.4% in the 3rd quarter. Alpine Associates Management Inc. now owns 1,965,997 shares of the business services provider’s stock valued at $119,926,000 after buying an additional 894,297 shares during the period. Quest Partners LLC grew its stake in Stericycle by 133.9% in the 3rd quarter. Quest Partners LLC now owns 2,199 shares of the business services provider’s stock worth $134,000 after acquiring an additional 1,259 shares in the last quarter. Natixis Advisors LLC raised its stake in shares of Stericycle by 12.1% during the third quarter. Natixis Advisors LLC now owns 14,489 shares of the business services provider’s stock valued at $884,000 after acquiring an additional 1,565 shares in the last quarter. Finally, OneDigital Investment Advisors LLC boosted its holdings in shares of Stericycle by 1.3% in the third quarter. OneDigital Investment Advisors LLC now owns 13,723 shares of the business services provider’s stock valued at $837,000 after purchasing an additional 171 shares during the period. 98.82% of the stock is currently owned by institutional investors.

Stericycle Stock Performance

Shares of NASDAQ:SRCL opened at $61.98 on Friday. The firm has a 50 day moving average of $61.41 and a 200 day moving average of $58.60. The company has a quick ratio of 1.13, a current ratio of 1.20 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $5.75 billion, a price-to-earnings ratio of 163.11, a price-to-earnings-growth ratio of 3.38 and a beta of 1.10. Stericycle, Inc. has a 52 week low of $37.78 and a 52 week high of $61.99.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Stericycle in a report on Thursday. They set 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 issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.