Wealth Enhancement Advisory Services LLC Sells 2,623 Shares of Stericycle, Inc. (NASDAQ:SRCL)

Wealth Enhancement Advisory Services LLC trimmed its stake in Stericycle, Inc. (NASDAQ:SRCL) by 35.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,824 shares of the business services provider’s stock after selling 2,623 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Stericycle were worth $294,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Clearstead Trust LLC bought a new position in Stericycle in the first quarter valued at approximately $25,000. International Assets Investment Management LLC bought a new position in shares of Stericycle during the 2nd quarter worth approximately $45,000. Headlands Technologies LLC bought a new position in shares of Stericycle during the 1st quarter worth approximately $44,000. Quest Partners LLC boosted its stake in shares of Stericycle by 4,172.7% during the 2nd quarter. Quest Partners LLC now owns 940 shares of the business services provider’s stock worth $55,000 after acquiring an additional 918 shares during the period. Finally, Summit Securities Group LLC bought a new position in shares of Stericycle during the 2nd quarter worth approximately $58,000. 98.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Stericycle in a research note on Monday, November 4th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $74.00.

Stericycle Stock Performance

SRCL opened at $61.98 on Monday. The business has a fifty day simple moving average of $61.13 and a 200 day simple moving average of $57.24. The company has a market capitalization of $5.75 billion, a PE ratio of 163.11, a price-to-earnings-growth ratio of 3.38 and a beta of 1.10. Stericycle, Inc. has a 1 year low of $37.78 and a 1 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.

Stericycle Company 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.