Principal Financial Group Inc. Decreases Stake in Stericycle, Inc. (NASDAQ:SRCL)

Principal Financial Group Inc. trimmed its position in Stericycle, Inc. (NASDAQ:SRCL) by 30.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 214,851 shares of the business services provider’s stock after selling 94,084 shares during the quarter. Principal Financial Group Inc. owned approximately 0.23% of Stericycle worth $13,106,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC acquired a new stake in Stericycle in the second quarter valued at $45,000. Headlands Technologies LLC purchased a new position in Stericycle in the first quarter valued at approximately $44,000. Quest Partners LLC raised its stake in 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 in the last quarter. Summit Securities Group LLC purchased a new position in shares of Stericycle during the second quarter worth about $58,000. Finally, Innealta Capital LLC acquired a new stake in shares of Stericycle in the 2nd quarter valued at about $62,000. 98.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Stericycle in a research report on Tuesday, November 12th. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $74.00.

Stericycle Price Performance

Shares of Stericycle stock opened at $61.98 on Friday. Stericycle, Inc. has a one year low of $37.78 and a one year high of $61.99. The company has a market cap of $5.75 billion, a P/E ratio of 163.11, a PEG ratio of 3.38 and a beta of 1.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.13 and a current ratio of 1.20. The firm has a fifty day moving average of $61.36 and a two-hundred day moving average of $57.73.

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.