Stericycle (NASDAQ:SRCL) Now Covered by StockNews.com

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

Stericycle Stock Performance

Shares of SRCL opened at $61.98 on Thursday. Stericycle has a 1 year low of $37.78 and a 1 year high of $61.99. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.13 and a current ratio of 1.20. The stock has a market capitalization of $5.75 billion, a PE ratio of 163.11, a PEG ratio of 3.38 and a beta of 1.10. The stock has a 50-day simple moving average of $61.41 and a 200-day simple moving average of $58.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SRCL. International Assets Investment Management LLC acquired a new position in Stericycle during the second quarter worth $45,000. Quest Partners LLC grew its holdings in Stericycle by 4,172.7% in the 2nd quarter. Quest Partners LLC now owns 940 shares of the business services provider’s stock valued at $55,000 after buying an additional 918 shares during the period. Summit Securities Group LLC purchased a new stake in Stericycle in the 2nd quarter valued at about $58,000. Innealta Capital LLC purchased a new stake in Stericycle in the 2nd quarter valued at about $62,000. Finally, Quarry LP grew its holdings in 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 buying an additional 809 shares during the period. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

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.