State of Alaska Department of Revenue Raises Stake in Stericycle, Inc. (NASDAQ:SRCL)

State of Alaska Department of Revenue raised its stake in shares of Stericycle, Inc. (NASDAQ:SRCL) by 7.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,725 shares of the business services provider’s stock after buying an additional 730 shares during the quarter. State of Alaska Department of Revenue’s holdings in Stericycle were worth $654,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Clearstead Trust LLC purchased a new position in Stericycle during the first quarter valued at approximately $25,000. International Assets Investment Management LLC purchased a new position in shares of Stericycle during the 2nd quarter valued at $45,000. Headlands Technologies LLC bought a new position in shares of Stericycle in the first quarter worth $44,000. Quest Partners LLC raised its position in shares of Stericycle by 4,172.7% in the second quarter. Quest Partners LLC now owns 940 shares of the business services provider’s stock worth $55,000 after buying an additional 918 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in Stericycle during the second quarter valued at $58,000. 98.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Stericycle Price Performance

SRCL opened at $61.98 on Friday. The business’s fifty day simple moving average is $61.07 and its 200 day simple moving average is $57.07. Stericycle, Inc. 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. The stock has a market cap of $5.75 billion, a PE ratio of 163.11, a P/E/G ratio of 3.38 and a beta of 1.10.

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.