Stericycle, Inc. (NASDAQ:SRCL) Shares Purchased by Westchester Capital Management LLC

Westchester Capital Management LLC grew its stake in Stericycle, Inc. (NASDAQ:SRCL) by 17.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,564,603 shares of the business services provider’s stock after acquiring an additional 232,314 shares during the period. Stericycle accounts for about 4.1% of Westchester Capital Management LLC’s investment portfolio, making the stock its 8th biggest position. Westchester Capital Management LLC’s holdings in Stericycle were worth $95,441,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in Stericycle in the 2nd quarter worth approximately $45,000. Quest Partners LLC boosted its position in Stericycle by 4,172.7% in the 2nd 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 acquired a new stake in shares of Stericycle in the 2nd quarter valued at $58,000. Innealta Capital LLC bought a new stake in shares of Stericycle during the second quarter worth $62,000. Finally, Quarry LP raised its position 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 worth $86,000 after acquiring an additional 809 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Stericycle Price Performance

Stericycle stock opened at $61.98 on Friday. The company’s 50 day simple moving average is $61.42 and its 200 day simple moving average is $58.63. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.20 and a quick ratio of 1.13. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 163.11, a PEG ratio of 3.38 and a beta of 1.10. Stericycle, Inc. has a fifty-two week low of $37.78 and a fifty-two week high of $61.99.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Stericycle in a research 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Stericycle has an average rating of “Hold” and an average price target of $74.00.

Stericycle Company 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.