Stericycle, Inc. (NASDAQ:SRCL) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can raised its position in Stericycle, Inc. (NASDAQ:SRCL) by 284.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 184,216 shares of the business services provider’s stock after purchasing an additional 136,334 shares during the quarter. Bank of Montreal Can owned about 0.20% of Stericycle worth $11,228,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Cerity Partners LLC increased its position in Stericycle by 30.9% in the 3rd quarter. Cerity Partners LLC now owns 21,950 shares of the business services provider’s stock valued at $1,339,000 after acquiring an additional 5,177 shares during the period. Citigroup Inc. grew its stake in shares of Stericycle by 1,433.7% in the third quarter. Citigroup Inc. now owns 2,046,496 shares of the business services provider’s stock worth $124,836,000 after purchasing an additional 1,913,065 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Stericycle by 3.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,182,925 shares of the business services provider’s stock worth $72,158,000 after purchasing an additional 41,312 shares in the last quarter. Nuance Investments LLC increased its holdings in shares of Stericycle by 9.2% during the third quarter. Nuance Investments LLC now owns 699,924 shares of the business services provider’s stock valued at $42,695,000 after purchasing an additional 58,891 shares during the period. Finally, Alpine Associates Management Inc. raised its stake in shares of Stericycle by 83.4% during the third quarter. Alpine Associates Management Inc. now owns 1,965,997 shares of the business services provider’s stock valued at $119,926,000 after purchasing an additional 894,297 shares in the last quarter. Institutional investors own 98.82% of the company’s stock.

Stericycle Trading Up 0.8 %

Shares of SRCL stock opened at $61.98 on Monday. The stock has a 50-day simple moving average of $61.42 and a 200 day simple moving average of $58.82. The stock has a market capitalization of $5.75 billion, a P/E ratio of 163.11, a P/E/G ratio of 3.38 and a beta of 1.10. Stericycle, Inc. has a fifty-two week low of $37.78 and a fifty-two week 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.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Stericycle in a research report on Thursday. They issued a “hold” rating for the company. One 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $74.00.

About Stericycle

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.