State of New Jersey Common Pension Fund D Trims Stock Holdings in Stericycle, Inc. (NASDAQ:SRCL)

State of New Jersey Common Pension Fund D cut its holdings in shares of Stericycle, Inc. (NASDAQ:SRCL) by 9.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 34,849 shares of the business services provider’s stock after selling 3,589 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Stericycle were worth $2,126,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SRCL. Mirova increased its stake in shares of Stericycle by 0.9% in the first quarter. Mirova now owns 47,345 shares of the business services provider’s stock worth $2,497,000 after buying an additional 428 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Stericycle by 6.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,447 shares of the business services provider’s stock worth $433,000 after acquiring an additional 449 shares in the last quarter. Clearstead Trust LLC bought a new stake in shares of Stericycle in the 1st quarter worth about $25,000. Arizona State Retirement System raised its stake in shares of Stericycle by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 25,915 shares of the business services provider’s stock valued at $1,506,000 after purchasing an additional 487 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Stericycle by 74.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,569 shares of the business services provider’s stock valued at $91,000 after purchasing an additional 672 shares in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Stericycle in a report on Tuesday. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $74.00.

Stericycle Price Performance

Shares of NASDAQ:SRCL opened at $61.98 on Friday. The company 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. Stericycle, Inc. has a fifty-two week low of $37.78 and a fifty-two week high of $61.99. The firm has a 50-day simple moving average of $61.36 and a 200 day simple moving average of $57.52. The company has a quick ratio of 1.13, a current ratio of 1.20 and a debt-to-equity ratio of 0.53.

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.