Stericycle (NASDAQ:SRCL) Coverage Initiated at StockNews.com

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

Stericycle Price Performance

Shares of SRCL stock opened at $61.98 on Wednesday. The stock’s 50-day simple moving average is $61.38 and its 200-day simple moving average is $58.08. 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 market capitalization 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 has a fifty-two week low of $37.78 and a fifty-two week high of $61.99.

Institutional Trading of Stericycle

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its position in Stericycle by 7.1% during the first quarter. Russell Investments Group Ltd. now owns 40,414 shares of the business services provider’s stock worth $2,132,000 after purchasing an additional 2,684 shares in the last quarter. MQS Management LLC purchased a new position in Stericycle during the first quarter worth approximately $337,000. Capital Research Global Investors boosted its position in Stericycle by 11.4% during the first quarter. Capital Research Global Investors now owns 6,667,911 shares of the business services provider’s stock worth $351,732,000 after purchasing an additional 679,974 shares in the last quarter. Earnest Partners LLC boosted its position in Stericycle by 12.4% during the first quarter. Earnest Partners LLC now owns 2,460,020 shares of the business services provider’s stock worth $129,766,000 after purchasing an additional 271,025 shares in the last quarter. Finally, SkyView Investment Advisors LLC boosted its position in Stericycle by 11.9% during the first quarter. SkyView Investment Advisors LLC now owns 16,051 shares of the business services provider’s stock worth $847,000 after purchasing an additional 1,704 shares in the last quarter. 98.82% of the stock is owned by institutional investors and hedge funds.

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.