Stericycle (NASDAQ:SRCL) Now Covered by StockNews.com

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

Stericycle Stock Performance

Shares of SRCL stock opened at $61.98 on Tuesday. The stock has a market cap 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 has a 52-week low of $37.78 and a 52-week high of $61.99. The business has a 50-day simple moving average of $61.36 and a 200-day simple moving average of $57.64. The company has a quick ratio of 1.13, a current ratio of 1.20 and a debt-to-equity ratio of 0.53.

Hedge Funds Weigh In On Stericycle

Large investors have recently made changes to their positions in the company. Citigroup Inc. grew its position in Stericycle by 1,433.7% during the third quarter. Citigroup Inc. now owns 2,046,496 shares of the business services provider’s stock valued at $124,836,000 after buying an additional 1,913,065 shares during the period. Barclays PLC grew its position in shares of Stericycle by 1,416.4% during the 3rd quarter. Barclays PLC now owns 1,595,177 shares of the business services provider’s stock valued at $97,306,000 after acquiring an additional 1,489,981 shares during the period. Pentwater Capital Management LP acquired a new stake in shares of Stericycle during the 2nd quarter valued at about $83,010,000. Magnetar Financial LLC purchased a new position in shares of Stericycle in the 2nd quarter valued at about $81,596,000. Finally, Millennium Management LLC boosted its position in Stericycle by 1,057.6% during the second quarter. Millennium Management LLC now owns 1,315,274 shares of the business services provider’s stock worth $76,457,000 after purchasing an additional 1,201,653 shares in the last quarter. 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.