Stericycle, Inc. (NASDAQ:SRCL) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its position in Stericycle, Inc. (NASDAQ:SRCL) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,810 shares of the business services provider’s stock after selling 609 shares during the period. Thrivent Financial for Lutherans’ holdings in Stericycle were worth $1,330,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pentwater Capital Management LP purchased a new stake in Stericycle in the 2nd quarter valued at approximately $83,010,000. Magnetar Financial LLC purchased a new stake in shares of Stericycle in the second quarter valued at approximately $81,596,000. Millennium Management LLC boosted its stake in shares of Stericycle by 1,057.6% in the second quarter. Millennium Management LLC now owns 1,315,274 shares of the business services provider’s stock valued at $76,457,000 after buying an additional 1,201,653 shares in the last quarter. Alpine Associates Management Inc. acquired a new position in Stericycle during the second quarter worth $62,298,000. Finally, Nuance Investments LLC purchased a new position in Stericycle in the second quarter worth $37,263,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Stericycle Stock Performance

Shares of SRCL stock opened at $61.98 on Friday. The stock has a fifty day moving average price of $61.42 and a 200 day moving average price of $58.73. 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 stock 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 1 year low of $37.78 and a 1 year high of $61.99.

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.