Healthcare of Ontario Pension Plan Trust Fund Boosts Stake in Stericycle, Inc. (NASDAQ:SRCL)

Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Stericycle, Inc. (NASDAQ:SRCL) by 55.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 196,500 shares of the business services provider’s stock after acquiring an additional 70,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Stericycle were worth $11,986,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SRCL. Virtu Financial LLC purchased a new stake in Stericycle in the 1st quarter valued at approximately $209,000. Boston Partners raised its holdings in Stericycle by 57.7% in the 1st quarter. Boston Partners now owns 15,520 shares of the business services provider’s stock valued at $819,000 after acquiring an additional 5,681 shares during the last quarter. SG Americas Securities LLC acquired a new position in Stericycle in the 2nd quarter valued at $787,000. Wealth Enhancement Advisory Services LLC raised its holdings in Stericycle by 6.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,447 shares of the business services provider’s stock valued at $433,000 after acquiring an additional 449 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Stericycle by 19.4% in the 2nd quarter. Blue Trust Inc. now owns 4,936 shares of the business services provider’s stock valued at $287,000 after acquiring an additional 801 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Stericycle in a report on Thursday. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Stericycle currently has a consensus rating of “Hold” and an average target price of $74.00.

Stericycle Stock Performance

SRCL stock opened at $61.98 on Friday. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 163.11, a PEG ratio of 3.38 and a beta of 1.10. 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 business has a fifty day simple moving average of $61.41 and a 200-day simple moving average of $58.60. Stericycle, Inc. has a 52 week low of $37.78 and a 52 week high of $61.99.

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.