Stericycle, Inc. (NASDAQ:SRCL) Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Stericycle, Inc. (NASDAQ:SRCL) by 55.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 196,500 shares of the business services provider’s stock after purchasing an additional 70,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.21% of Stericycle worth $11,986,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Stericycle by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,171,659 shares of the business services provider’s stock worth $126,238,000 after purchasing an additional 142,814 shares in the last quarter. Citigroup Inc. increased its position in shares of Stericycle by 1,433.7% during the third quarter. Citigroup Inc. now owns 2,046,496 shares of the business services provider’s stock worth $124,836,000 after purchasing an additional 1,913,065 shares in the last quarter. Alpine Associates Management Inc. increased its position in shares of Stericycle by 83.4% during the third quarter. Alpine Associates Management Inc. now owns 1,965,997 shares of the business services provider’s stock worth $119,926,000 after purchasing an additional 894,297 shares in the last quarter. Pentwater Capital Management LP acquired a new stake in shares of Stericycle during the second quarter worth about $83,010,000. Finally, Magnetar Financial LLC acquired a new position in Stericycle in the 2nd quarter valued at about $81,596,000. Institutional investors and hedge funds own 98.82% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Stericycle in a research report on Thursday. They issued a “hold” rating on the stock. One research 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.00.

Stericycle Price Performance

Shares of SRCL opened at $61.98 on Friday. The stock’s 50 day moving average is $61.41 and its two-hundred day moving average is $58.60. The firm has a market capitalization of $5.75 billion, a PE ratio of 163.11, a P/E/G 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, Inc. has a twelve month low of $37.78 and a twelve month high of $61.99.

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.