StockNews.com Begins Coverage on Stericycle (NASDAQ:SRCL)

Stock analysts at StockNews.com began coverage on shares of Stericycle (NASDAQ:SRCL) in a report released on Thursday. The firm set a “hold” rating on the business services provider’s stock.

Stericycle Price Performance

NASDAQ SRCL opened at $61.98 on Thursday. Stericycle has a 1 year low of $37.78 and a 1 year high of $61.99. The company has a fifty day simple moving average of $61.42 and a 200 day simple moving average of $58.63. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 0.53. The company has a market cap 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.

Institutional Trading of Stericycle

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versor Investments LP lifted its holdings in shares of Stericycle by 156.0% during the third quarter. Versor Investments LP now owns 143,124 shares of the business services provider’s stock worth $8,731,000 after buying an additional 87,214 shares during the last quarter. WINTON GROUP Ltd bought a new position in Stericycle during the second quarter worth $5,356,000. American Century Companies Inc. acquired a new position in Stericycle during the 2nd quarter valued at $34,760,000. Water Island Capital LLC bought a new stake in Stericycle in the 2nd quarter valued at $17,550,000. Finally, XTX Topco Ltd grew its position in Stericycle by 222.0% in the 2nd quarter. XTX Topco Ltd now owns 17,724 shares of the business services provider’s stock worth $1,030,000 after purchasing an additional 12,219 shares during the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.

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.