Caisse DE Depot ET Placement DU Quebec Takes $14.74 Million Position in Stericycle, Inc. (NASDAQ:SRCL)

Caisse DE Depot ET Placement DU Quebec purchased a new stake in Stericycle, Inc. (NASDAQ:SRCL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 241,700 shares of the business services provider’s stock, valued at approximately $14,744,000. Caisse DE Depot ET Placement DU Quebec owned about 0.26% of Stericycle at the end of the most recent reporting period.

Several other large investors have also modified their holdings of SRCL. Dimensional Fund Advisors LP boosted its position in Stericycle by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,171,659 shares of the business services provider’s stock worth $126,238,000 after acquiring an additional 142,814 shares during the last quarter. Citigroup Inc. boosted its position in Stericycle by 1,433.7% during the third quarter. Citigroup Inc. now owns 2,046,496 shares of the business services provider’s stock worth $124,836,000 after acquiring an additional 1,913,065 shares during the last quarter. Alpine Associates Management Inc. boosted its position in Stericycle by 83.4% during the third quarter. Alpine Associates Management Inc. now owns 1,965,997 shares of the business services provider’s stock worth $119,926,000 after acquiring an additional 894,297 shares during the last quarter. Westchester Capital Management LLC boosted its position in Stericycle by 17.4% during the third quarter. Westchester Capital Management LLC now owns 1,564,603 shares of the business services provider’s stock worth $95,441,000 after acquiring an additional 232,314 shares during the last quarter. Finally, Pentwater Capital Management LP acquired a new stake in Stericycle during the second quarter worth approximately $83,010,000. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Stericycle in a research report on Thursday. 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, Stericycle presently has a consensus rating of “Hold” and an average price target of $74.00.

Stericycle Stock Up 0.8 %

Shares of SRCL opened at $61.98 on Monday. The firm 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. The company’s fifty day moving average is $61.42 and its two-hundred day moving average is $58.82. Stericycle, Inc. has a fifty-two week low of $37.78 and a fifty-two week high of $61.99. The company has a quick ratio of 1.13, a current ratio of 1.20 and a debt-to-equity ratio of 0.53.

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.