PNC Financial Services Group Inc. lowered its holdings in Stericycle, Inc. (NASDAQ:SRCL – Free Report) by 10.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,143 shares of the business services provider’s stock after selling 2,926 shares during the period. PNC Financial Services Group Inc.’s holdings in Stericycle were worth $1,079,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas boosted its holdings in Stericycle by 1.8% in the fourth quarter. Teacher Retirement System of Texas now owns 13,400 shares of the business services provider’s stock valued at $669,000 after acquiring an additional 232 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Stericycle by 1.0% in the third quarter. Thrivent Financial for Lutherans now owns 24,397 shares of the business services provider’s stock valued at $1,027,000 after acquiring an additional 238 shares during the last quarter. State of Wyoming boosted its holdings in Stericycle by 7.5% in the second quarter. State of Wyoming now owns 3,808 shares of the business services provider’s stock valued at $177,000 after acquiring an additional 267 shares during the last quarter. Citigroup Inc. boosted its holdings in Stericycle by 0.6% in the third quarter. Citigroup Inc. now owns 46,953 shares of the business services provider’s stock valued at $2,099,000 after acquiring an additional 285 shares during the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of Stericycle by 6.7% during the third quarter. Captrust Financial Advisors now owns 4,889 shares of the business services provider’s stock worth $206,000 after purchasing an additional 309 shares in the last quarter. Institutional investors and hedge funds own 98.82% of the company’s stock.
Stericycle Trading Up 0.6 %
NASDAQ:SRCL opened at $50.40 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.90 and a current ratio of 0.90. Stericycle, Inc. has a one year low of $37.78 and a one year high of $51.06. The business’s 50-day simple moving average is $49.00 and its 200 day simple moving average is $45.93. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of -1,007.80, a price-to-earnings-growth ratio of 2.85 and a beta of 1.08.
Analyst Ratings Changes
A number of research analysts have commented on SRCL shares. Wells Fargo & Company started coverage on Stericycle in a research note on Friday, December 8th. They set an “underweight” rating and a $40.00 price objective on the stock. Royal Bank of Canada reduced their price objective on Stericycle from $62.00 to $58.00 and set an “outperform” rating on the stock in a research note on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Stericycle currently has a consensus rating of “Hold” and a consensus target price of $53.25.
Get Our Latest Stock Report on SRCL
Stericycle Company Profile
Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions 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, controlled substance waste disposal, healthcare hazardous waste, and COVID 19 waste disposal; specialty services, such as MedDrop medication collection kiosks, safe community solutions, sharps mailback solutions, and maritime waste services; medical supply store services; pharmaceutical waste services; hazardous waste disposal; compliance programs under the Steri-Safe, Clinical Services, First Practice Management, SeguriMed, and EnviroAssure brand names.
Read More
Want to see what other hedge funds are holding SRCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stericycle, Inc. (NASDAQ:SRCL – Free Report).
Receive News & Ratings for Stericycle Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Stericycle and related companies with MarketBeat.com’s FREE daily email newsletter.
Source: americanbankingnews.com
