Retirement Systems of Alabama raised its position in shares of Stericycle Inc (NASDAQ:SRCL) by 178.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 110,422 shares of the business services provider’s stock after buying an additional 70,814 shares during the quarter. Retirement Systems of Alabama’s holdings in Stericycle were worth $4,051,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Zions Bancorporation bought a new stake in shares of Stericycle during the 3rd quarter valued at about $130,000. Pflug Koory LLC grew its stake in shares of Stericycle by 106.6% during the 3rd quarter. Pflug Koory LLC now owns 2,810 shares of the business services provider’s stock valued at $165,000 after purchasing an additional 1,450 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Stericycle during the 2nd quarter valued at about $210,000. MAI Capital Management bought a new stake in shares of Stericycle during the 2nd quarter valued at about $245,000. Finally, Bbva Compass Bancshares Inc. bought a new stake in shares of Stericycle during the 3rd quarter valued at about $223,000. Institutional investors and hedge funds own 96.49% of the company’s stock.
Shares of NASDAQ:SRCL opened at $40.55 on Thursday. The company has a market cap of $3.64 billion, a P/E ratio of 9.10, a P/E/G ratio of 1.09 and a beta of 0.80. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.93. Stericycle Inc has a 12-month low of $34.36 and a 12-month high of $76.73.
SRCL has been the subject of a number of recent research reports. Barrington Research set a $64.00 price objective on Stericycle and gave the company a “buy” rating in a research note on Tuesday, November 13th. They noted that the move was a valuation call. Zacks Investment Research upgraded Stericycle from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. BidaskClub downgraded Stericycle from a “buy” rating to a “hold” rating in a research note on Saturday, September 22nd. Robert W. Baird reiterated a “hold” rating on shares of Stericycle in a research note on Tuesday, November 6th. Finally, BMO Capital Markets cut their price objective on Stericycle from $58.00 to $51.00 and set a “market perform” rating for the company in a research note on Tuesday, November 6th. Four equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Stericycle has a consensus rating of “Hold” and a consensus price target of $59.71.
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Stericycle Company Profile
Stericycle, Inc, together with its subsidiaries, provides regulated and compliance solutions to the healthcare, retail, and commercial businesses in the United States and internationally. It collects and processes regulated and specialized waste for disposal services; and collects personal and confidential information for secure destruction, as well as offers training, consulting, recall/return, communication, and compliance services.
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