River Global Investors LLP Reduces Stake in Stericycle, Inc.

River Global Investors LLP has reduced its investment in Stericycle, Inc. (NASDAQ:SRCL - Free Report) by 39.4% during the third quarter of this year. According to a recent filing with the Securities and Exchange Commission (SEC), the fund now holds 16,882 shares of the business services provider's stock after selling 10,971 shares in this period. As of the latest reporting period, River Global Investors LLP's stake in Stericycle is valued at approximately $1,030,000.

Changes in Institutional Holdings

Several other institutional investors and hedge funds have also adjusted their positions in Stericycle recently. First Eagle Investment Management LLC increased its stake in Stericycle by 5.2% in the first quarter, now owning 242,975 shares worth $12,817,000 after purchasing an additional 12,000 shares. Additionally, Illinois Municipal Retirement Fund acquired a new stake in Stericycle, valued at $756,000. Sei Investments Co. boosted its holdings by 5.9%, now owning 1,124,481 shares worth $59,316,000, after acquiring 63,112 shares in the last quarter. Other notable investments include Quantbot Technologies LP's new position valued at about $1,023,000 and BNP Paribas Financial Markets, which increased its holdings by 21.5%, now owning 7,957 shares valued at $420,000. Overall, hedge funds and institutional investors hold 98.82% of Stericycle's stock.

Analysts' Perspective on Stericycle's Growth

StockNews.com initiated coverage on Stericycle in a recent research note, giving the stock a "hold" rating. Among market analysts, one has issued a sell rating, four have provided hold ratings, and two have rated it as a buy. The consensus rating stands at "Hold" with an average target price of $74.00 according to data from MarketBeat.com.

Performance Overview of Stericycle Stock

During trading hours on Friday, shares of NASDAQ:SRCL remained stable at $61.98. The company’s 50-day moving average is $61.13 and its 200-day moving average is $57.19. Stericycle has experienced a one-year low of $37.78 and a one-year high of $61.99. The company’s market capitalization is $5.75 billion, with a price-to-earnings (P/E) ratio of 163.11, a price-to-earnings growth (PEG) ratio of 3.38, and a beta of 1.10. Its current ratio is 1.20, quick ratio is 1.13, and it has a debt-to-equity ratio of 0.53.

About Stericycle

Stericycle, Inc., along with its subsidiaries, provides regulated waste and compliance services across the United States, Europe, and beyond. Their services include the management and disposal of regulated medical waste, sharps waste, pharmaceutical waste, chemotherapy waste, and more. They also offer various specialty services such as MedDrop medication collection kiosks and SafeDrop sharps mailback solutions.

Investment, Stock, Changes