Essex Investment Management Co. LLC raised its holdings in Stericycle, Inc. (NASDAQ:SRCL – Free Report) by 16.8% during the third quarter, HoldingsChannel reports. The firm owned 2,691 shares of the business services provider’s stock after acquiring an additional 387 shares during the quarter. Essex Investment Management Co. LLC’s holdings in Stericycle were worth $120,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Ancora Advisors LLC acquired a new stake in shares of Stericycle in the 1st quarter valued at $34,000. Quarry LP bought a new position in shares of Stericycle in the 1st quarter valued at $30,000. First Capital Advisors Group LLC. bought a new position in shares of Stericycle in the 2nd quarter valued at $36,000. International Assets Investment Management LLC bought a new position in shares of Stericycle in the 3rd quarter valued at $36,000. Finally, Point72 Middle East FZE bought a new position in shares of Stericycle in the 4th quarter valued at $39,000. Institutional investors and hedge funds own 98.82% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on SRCL. Royal Bank of Canada dropped their price target on Stericycle from $62.00 to $58.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Wells Fargo & Company began coverage on Stericycle in a research note on Friday, December 8th. They issued an “underweight” rating and a $40.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $53.20.
Stericycle Price Performance
Shares of NASDAQ:SRCL opened at $49.16 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.52. Stericycle, Inc. has a 12-month low of $37.78 and a 12-month high of $55.96. The business has a fifty day simple moving average of $48.91 and a 200 day simple moving average of $45.53.
Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions 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, controlled substance waste disposal, healthcare hazardous waste, and COVID 19 waste disposal; specialty services, such as MedDrop medication collection kiosks, safe community solutions, sharps mailback solutions, and maritime waste services; medical supply store services; pharmaceutical waste services; hazardous waste disposal; compliance programs under the Steri-Safe, Clinical Services, First Practice Management, SeguriMed, and EnviroAssure brand names.
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