Westchester Capital Management LLC Has $95.44 Million Holdings in Stericycle, Inc. (NASDAQ:SRCL)

Westchester Capital Management LLC boosted its holdings in Stericycle, Inc. (NASDAQ:SRCL) by 17.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,564,603 shares of the business services provider’s stock after buying an additional 232,314 shares during the period. Stericycle makes up about 4.1% of Westchester Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Westchester Capital Management LLC owned about 1.69% of Stericycle worth $95,441,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SRCL. International Assets Investment Management LLC acquired a new stake in Stericycle during the second quarter worth about $45,000. Quest Partners LLC lifted its position in shares of Stericycle by 4,172.7% in the 2nd quarter. Quest Partners LLC now owns 940 shares of the business services provider’s stock worth $55,000 after acquiring an additional 918 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Stericycle during the 2nd quarter worth approximately $58,000. Innealta Capital LLC bought a new stake in shares of Stericycle during the second quarter valued at approximately $62,000. Finally, Quarry LP raised its stake in shares of Stericycle by 121.3% in the second 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 in the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Stericycle Stock Performance

NASDAQ SRCL opened at $61.98 on Friday. The firm has a market cap of $5.75 billion, a price-to-earnings ratio of 163.11, a PEG ratio of 3.38 and a beta of 1.10. Stericycle, Inc. has a 1-year low of $37.78 and a 1-year high of $61.99. The company has a 50 day moving average of $61.42 and a 200-day moving average of $58.63. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 0.53.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Stericycle in a research note on Thursday. They set a “hold” rating on the stock. One equities 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.00.

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.