Stericycle (NASDAQ:SRCL) Coverage Initiated at StockNews.com

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

Stericycle Stock Performance

Shares of Stericycle stock opened at $61.98 on Monday. The firm has a market capitalization of $5.75 billion, a P/E ratio of 163.11, a PEG ratio of 3.38 and a beta of 1.10. Stericycle has a 52 week low of $37.78 and a 52 week high of $61.99. The company has a quick ratio of 1.13, a current ratio of 1.20 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average price of $60.95 and a 200 day moving average price of $57.00.

Hedge Funds Weigh In On Stericycle

Hedge funds have recently made changes to their positions in the company. Clearstead Trust LLC acquired a new stake in Stericycle during the 1st quarter worth about $25,000. Headlands Technologies LLC purchased a new position in shares of Stericycle in the first quarter worth about $44,000. International Assets Investment Management LLC acquired a new stake in shares of Stericycle during the second quarter worth about $45,000. Quest Partners LLC boosted its position in Stericycle by 4,172.7% in the second 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 last quarter. Finally, Summit Securities Group LLC acquired a new position in Stericycle in the 2nd quarter worth approximately $58,000. 98.82% of the stock is owned by institutional investors and hedge funds.

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.