New York State Common Retirement Fund Sells 85,958 Shares of Stericycle Inc (NASDAQ:SRCL)

New York State Common Retirement Fund lessened its holdings in Stericycle Inc (NASDAQ:SRCL) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 823,839 shares of the business services provider’s stock after selling 85,958 shares during the quarter. New York State Common Retirement Fund owned approximately 0.90% of Stericycle worth $52,569,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Texas Permanent School Fund boosted its stake in shares of Stericycle by 6.8% in the 3rd quarter. Texas Permanent School Fund now owns 62,020 shares of the business services provider’s stock valued at $3,159,000 after purchasing an additional 3,940 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Stericycle by 10.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 103,937 shares of the business services provider’s stock valued at $5,294,000 after acquiring an additional 9,507 shares during the period. California Public Employees Retirement System raised its position in shares of Stericycle by 46.2% in the 3rd quarter. California Public Employees Retirement System now owns 152,227 shares of the business services provider’s stock valued at $7,753,000 after acquiring an additional 48,100 shares during the period. Huntington National Bank raised its position in shares of Stericycle by 43.5% in the 4th quarter. Huntington National Bank now owns 1,350 shares of the business services provider’s stock valued at $86,000 after acquiring an additional 409 shares during the period. Finally, Mason Street Advisors LLC raised its position in shares of Stericycle by 4.8% in the 3rd quarter. Mason Street Advisors LLC now owns 47,786 shares of the business services provider’s stock valued at $2,434,000 after acquiring an additional 2,171 shares during the period.

Shares of NASDAQ:SRCL opened at $63.32 on Thursday. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of -12.90, a P/E/G ratio of 2.68 and a beta of 1.31. The firm’s 50 day simple moving average is $63.09 and its 200 day simple moving average is $55.88. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.94 and a quick ratio of 0.94. Stericycle Inc has a fifty-two week low of $40.06 and a fifty-two week high of $67.94.

A number of analysts recently weighed in on the stock. ValuEngine downgraded shares of Stericycle from a “sell” rating to a “strong sell” rating in a research report on Tuesday, February 4th. BidaskClub downgraded shares of Stericycle from a “buy” rating to a “hold” rating in a research report on Friday, December 13th. TheStreet upgraded shares of Stericycle from a “d+” rating to a “c-” rating in a research report on Thursday, October 31st. Royal Bank of Canada assumed coverage on shares of Stericycle in a research report on Wednesday, November 27th. They issued an “outperform” rating and a $75.00 price target on the stock. Finally, Jefferies Financial Group assumed coverage on shares of Stericycle in a research report on Wednesday, November 27th. They issued a “hold” rating and a $68.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Stericycle has an average rating of “Hold” and a consensus target price of $57.43.

In related news, EVP Daniel Ginnetti sold 6,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $62.65, for a total value of $375,900.00. Following the sale, the executive vice president now directly owns 16,035 shares in the company, valued at approximately $1,004,592.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.30% of the company’s stock.

Stericycle Company Profile

Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally. It operates through three segments: Domestic and Canada Regulated Waste and Compliance; International Regulated Waste and Compliance; and Domestic Communication and Related Services.

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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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