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

StockNews.com started coverage on shares of Stericycle (NASDAQ:SRCL) in a research note released on Wednesday. The firm issued a hold rating on the business services provider’s stock.

Stericycle Stock Performance

NASDAQ:SRCL opened at $61.98 on Wednesday. The company has a 50-day moving average of $61.39 and a 200-day moving average of $58.29. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 163.11, a price-to-earnings-growth 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. Stericycle has a twelve month low of $37.78 and a twelve month high of $61.99.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new stake in shares of Stericycle during the 2nd quarter valued at $45,000. Quest Partners LLC raised its position in shares of Stericycle by 4,172.7% during the second quarter. Quest Partners LLC now owns 940 shares of the business services provider’s stock worth $55,000 after purchasing an additional 918 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Stericycle during the second quarter worth $58,000. Innealta Capital LLC purchased a new stake in shares of Stericycle during the second quarter valued at $62,000. Finally, Quarry LP boosted its position in shares of Stericycle by 121.3% in the 2nd quarter. Quarry LP now owns 1,476 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 809 shares during the period. Institutional investors and hedge funds own 98.82% of the company’s stock.

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.