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

Equities researchers at StockNews.com initiated coverage on shares of Stericycle (NASDAQ:SRCL) in a research report issued to clients and investors on Friday. The brokerage set a “hold” rating on the business services provider’s stock.

Stericycle Stock Up 0.8 %

Shares of NASDAQ:SRCL opened at $61.98 on Friday. The business’s 50 day moving average is $61.45 and its 200 day moving average is $59.14. The stock 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 52-week low of $37.78 and a 52-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.

Institutional Trading of Stericycle

Institutional investors and hedge funds have recently made changes to their positions in the company. Citigroup Inc. boosted its stake in shares of Stericycle by 1,433.7% during the third quarter. Citigroup Inc. now owns 2,046,496 shares of the business services provider’s stock valued at $124,836,000 after purchasing an additional 1,913,065 shares in the last quarter. Barclays PLC lifted its position in shares of Stericycle by 1,416.4% during the third quarter. Barclays PLC now owns 1,595,177 shares of the business services provider’s stock valued at $97,306,000 after buying an additional 1,489,981 shares during the last quarter. Pentwater Capital Management LP bought a new stake in shares of Stericycle in the 2nd quarter valued at about $83,010,000. Magnetar Financial LLC acquired a new stake in Stericycle in the second quarter valued at approximately $81,596,000. Finally, 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 worth $76,457,000 after purchasing an additional 1,201,653 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors.

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.