Stericycle, Inc. (NASDAQ:SRCL) Position Boosted by Quest Partners LLC

Quest Partners LLC boosted its stake in Stericycle, Inc. (NASDAQ:SRCL) by 133.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,199 shares of the business services provider’s stock after buying an additional 1,259 shares during the quarter. Quest Partners LLC’s holdings in Stericycle were worth $134,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of SRCL. International Assets Investment Management LLC acquired a new position in Stericycle in the 2nd quarter worth about $45,000. Summit Securities Group LLC bought a new position in Stericycle during the second quarter valued at approximately $58,000. Innealta Capital LLC acquired a new stake in Stericycle in the second quarter valued at approximately $62,000. Quarry LP grew its position in Stericycle by 121.3% in the second quarter. Quarry LP now owns 1,476 shares of the business services provider’s stock worth $86,000 after acquiring an additional 809 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Stericycle by 74.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,569 shares of the business services provider’s stock worth $91,000 after purchasing an additional 672 shares during the last quarter. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Stericycle Price Performance

NASDAQ SRCL opened at $61.98 on Friday. Stericycle, Inc. has a 1 year low of $37.78 and a 1 year high of $61.99. The company has a fifty day simple moving average of $61.41 and a 200 day simple moving average of $58.60. 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 company has a market cap of $5.75 billion, a P/E ratio of 163.11, a P/E/G ratio of 3.38 and a beta of 1.10.

About Stericycle

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.