StockNews.com Begins Coverage on Stericycle (NASDAQ:SRCL)

StockNews.com began coverage on shares of Stericycle (NASDAQ:SRCL) in a report issued on Thursday. The firm set a “hold” rating on the business services provider’s stock.

Stericycle Price Performance

Shares of NASDAQ SRCL opened at $61.98 on Thursday. Stericycle has a twelve month low of $37.78 and a twelve month high of $61.99. 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 $61.40 and a two-hundred day moving average of $58.58. The stock 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.

Institutional Investors Weigh In On Stericycle

Several large investors have recently modified their holdings of SRCL. Virtu Financial LLC purchased a new stake in shares of Stericycle during the first quarter worth approximately $209,000. Boston Partners raised its stake in shares of Stericycle by 57.7% during the first quarter. Boston Partners now owns 15,520 shares of the business services provider’s stock worth $819,000 after purchasing an additional 5,681 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Stericycle during the second quarter worth approximately $787,000. Wealth Enhancement Advisory Services LLC grew its holdings in Stericycle by 6.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,447 shares of the business services provider’s stock worth $433,000 after acquiring an additional 449 shares during the period. Finally, Blue Trust Inc. grew its holdings in Stericycle by 19.4% during the second quarter. Blue Trust Inc. now owns 4,936 shares of the business services provider’s stock worth $287,000 after acquiring an additional 801 shares during the period. Hedge funds and other institutional investors own 98.82% of the company’s stock.

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.