Stericycle (NASDAQ:SRCL) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Stericycle (NASDAQ:SRCL) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the business services provider’s stock.

Stericycle Stock Performance

SRCL opened at $61.98 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 1.13. The business has a fifty day simple moving average of $61.24 and a 200 day simple moving average of $57.46. Stericycle has a 1 year low of $37.78 and a 1 year high of $61.99. 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.

Hedge Funds Weigh In On Stericycle

Several institutional investors and hedge funds have recently modified their holdings of SRCL. First Eagle Investment Management LLC boosted its holdings in Stericycle by 5.2% in the 1st quarter. First Eagle Investment Management LLC now owns 242,975 shares of the business services provider’s stock valued at $12,817,000 after purchasing an additional 12,000 shares during the period. Illinois Municipal Retirement Fund acquired a new stake in shares of Stericycle in the first quarter valued at approximately $756,000. Versor Investments LP boosted its stake in shares of Stericycle by 156.0% in the third quarter. Versor Investments LP now owns 143,124 shares of the business services provider’s stock valued at $8,731,000 after buying an additional 87,214 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of Stericycle by 21.5% in the first quarter. BNP Paribas Financial Markets now owns 7,957 shares of the business services provider’s stock valued at $420,000 after buying an additional 1,408 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in Stericycle during the first quarter worth approximately $44,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

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.