StockNews.com Initiates Coverage on Stericycle (NASDAQ:SRCL)

Stock analysts at StockNews.com began coverage on shares of Stericycle (NASDAQ:SRCL) in a research report issued on Wednesday. The brokerage set a “hold” rating on the business services provider’s stock.

Stericycle Stock Performance

Shares of SRCL opened at $61.98 on Wednesday. Stericycle 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 PE ratio of 163.11, a P/E/G ratio of 3.38 and a beta of 1.10. The stock has a 50-day moving average of $61.39 and a 200-day moving average of $58.11. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 1.13.

Institutional Trading of Stericycle

Several institutional investors have recently made changes to their positions in the company. Citigroup Inc. increased its position in shares of Stericycle by 1,433.7% during the 3rd quarter. Citigroup Inc. now owns 2,046,496 shares of the business services provider’s stock valued at $124,836,000 after purchasing an additional 1,913,065 shares during the last quarter. Barclays PLC raised its position in Stericycle by 1,416.4% in the third quarter. Barclays PLC now owns 1,595,177 shares of the business services provider’s stock worth $97,306,000 after acquiring an additional 1,489,981 shares during the period. Pentwater Capital Management LP bought a new stake in Stericycle in the second quarter worth about $83,010,000. Magnetar Financial LLC purchased a new position in Stericycle in the second quarter valued at about $81,596,000. Finally, Millennium Management LLC grew its position in shares of Stericycle by 1,057.6% during the 2nd quarter. Millennium Management LLC now owns 1,315,274 shares of the business services provider’s stock valued at $76,457,000 after acquiring an additional 1,201,653 shares during the period. Institutional investors own 98.82% of the company’s stock.

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.