Janus Henderson Group PLC Grows Holdings in Stericycle, Inc. (NASDAQ:SRCL)

Janus Henderson Group PLC raised its position in shares of Stericycle, Inc. (NASDAQ:SRCL) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 284,224 shares of the business services provider’s stock after purchasing an additional 4,129 shares during the quarter. Janus Henderson Group PLC owned 0.31% of Stericycle worth $17,336,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SRCL. Cinctive Capital Management LP lifted its stake in shares of Stericycle by 9.1% during the 3rd quarter. Cinctive Capital Management LP now owns 419,966 shares of the business services provider’s stock valued at $25,618,000 after buying an additional 34,966 shares in the last quarter. ClearAlpha Technologies LP raised its holdings in Stericycle by 245.7% during the third quarter. ClearAlpha Technologies LP now owns 121,590 shares of the business services provider’s stock valued at $7,417,000 after acquiring an additional 86,419 shares during the period. Glazer Capital LLC purchased a new position in shares of Stericycle in the third quarter valued at about $25,907,000. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Stericycle in the third quarter worth about $14,744,000. Finally, Westchester Capital Management LLC grew its position in shares of Stericycle by 17.4% during the third quarter. Westchester Capital Management LLC now owns 1,564,603 shares of the business services provider’s stock worth $95,441,000 after purchasing an additional 232,314 shares in the last quarter. 98.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Stericycle in a research note on Friday. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Stericycle currently has a consensus rating of “Hold” and a consensus target price of $74.00.

Stericycle Price Performance

Shares of Stericycle stock opened at $61.98 on Friday. The firm has a market cap of $5.75 billion, a PE ratio of 163.11, a PEG ratio of 3.38 and a beta of 1.10. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average of $61.49 and a 200 day moving average of $59.37. Stericycle, Inc. has a 12 month low of $37.78 and a 12 month 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.