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

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

Stericycle Stock Performance

Shares of SRCL stock opened at $60.86 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.13 and a quick ratio of 1.13. Stericycle has a one year low of $37.78 and a one year high of $61.77. The business’s 50 day simple moving average is $60.35 and its 200 day simple moving average is $56.06. The stock has a market capitalization of $5.65 billion, a PE ratio of 160.16, a PEG ratio of 3.32 and a beta of 1.11.

Stericycle (NASDAQ:SRCL) last announced its earnings results on Thursday, July 25th. The business services provider reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. Stericycle had a net margin of 1.37% and a return on equity of 7.94%. The business had revenue of $661.60 million during the quarter, compared to the consensus estimate of $672.07 million. As a group, research analysts forecast that Stericycle will post 2.29 earnings per share for the current year.

Hedge Funds Weigh In On Stericycle

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Stericycle by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 8,969,118 shares of the business services provider’s stock valued at $444,509,000 after purchasing an additional 52,576 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Stericycle by 170.9% during the first quarter. GAMMA Investing LLC now owns 818 shares of the business services provider’s stock worth $43,000 after acquiring an additional 516 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Stericycle by 23.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 557,562 shares of the business services provider’s stock worth $29,411,000 after acquiring an additional 107,562 shares during the last quarter. State of Michigan Retirement System lifted its position in Stericycle by 2.3% in the 1st quarter. State of Michigan Retirement System now owns 22,719 shares of the business services provider’s stock valued at $1,198,000 after acquiring an additional 500 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Stericycle by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 348,324 shares of the business services provider’s stock valued at $18,374,000 after purchasing an additional 8,668 shares during the last quarter. 98.82% of the stock is currently owned by 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.