Stericycle, Inc. (NASDAQ:SRCL) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp reduced its position in shares of Stericycle, Inc. (NASDAQ:SRCL) by 5.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,943 shares of the business services provider’s stock after selling 2,808 shares during the period. Van ECK Associates Corp owned about 0.05% of Stericycle worth $3,042,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. BNP Paribas Financial Markets raised its position in shares of Stericycle by 21.5% during the first quarter. BNP Paribas Financial Markets now owns 7,957 shares of the business services provider’s stock worth $420,000 after purchasing an additional 1,408 shares during the period. Texas Permanent School Fund Corp boosted its holdings in Stericycle by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 80,975 shares of the business services provider’s stock valued at $4,271,000 after purchasing an additional 1,083 shares during the period. Quantbot Technologies LP bought a new stake in shares of Stericycle during the first quarter valued at approximately $1,023,000. Illinois Municipal Retirement Fund bought a new stake in Stericycle in the first quarter valued at about $756,000. Finally, Sei Investments Co. raised its stake in shares of Stericycle by 5.9% in the first quarter. Sei Investments Co. now owns 1,124,481 shares of the business services provider’s stock worth $59,316,000 after acquiring an additional 63,112 shares during the last quarter. Institutional investors own 98.82% of the company’s stock.

Stericycle Stock Performance

Stericycle stock opened at $61.98 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 1.13. Stericycle, Inc. has a 1 year low of $37.78 and a 1 year high of $61.99. The business has a 50 day moving average of $61.13 and a 200-day moving average of $57.19. The company has a market capitalization 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.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Stericycle in a research note on Monday, November 4th. They set 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 given a buy rating to the company. Based on data from MarketBeat, Stericycle presently has a consensus rating of “Hold” and an average target price of $74.00.

Stericycle 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.