Sasco Capital Inc. CT Trims Stake in Stericycle, Inc. (NASDAQ:SRCL)

Sasco Capital Inc. CT lessened its holdings in Stericycle, Inc. (NASDAQ:SRCL) by 14.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 301,747 shares of the business services provider’s stock after selling 50,010 shares during the quarter. Stericycle comprises 2.8% of Sasco Capital Inc. CT’s portfolio, making the stock its 20th largest position. Sasco Capital Inc. CT owned approximately 0.33% of Stericycle worth $18,407,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SRCL. International Assets Investment Management LLC purchased a new stake in shares of Stericycle during the second quarter valued at approximately $45,000. Quest Partners LLC grew its holdings in shares of Stericycle by 4,172.7% during 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. Summit Securities Group LLC purchased a new stake in shares of Stericycle during the second quarter valued at approximately $58,000. Innealta Capital LLC purchased a new stake in shares of Stericycle during the second quarter valued at approximately $62,000. Finally, Quarry LP grew its holdings in shares of Stericycle by 121.3% during the second 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 last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Stericycle in a research report on Tuesday, November 12th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $74.00.

Stericycle Stock Performance

Stericycle stock opened at $61.98 on Tuesday. The stock has a 50-day moving average of $61.37 and a two-hundred day moving average of $57.95. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.13 and a current ratio of 1.20. Stericycle, Inc. has a one year low of $37.78 and a one year high of $61.99. The stock has a market cap of $5.75 billion, a PE ratio of 163.11, a price-to-earnings-growth ratio of 3.38 and a beta of 1.10.

Stericycle 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.