River Global Investors LLP Reduces Stake in Stericycle, Inc.

River Global Investors LLP has recently reduced its investment in Stericycle, Inc. (NASDAQ:SRCL) by 39.4% during the third quarter, as stated in their latest report to the Securities and Exchange Commission (SEC). After selling 10,971 shares in the period, the fund now holds a total of 16,882 shares of the business services provider. As of the last reporting period, River Global Investors LLP's holdings in Stericycle were valued at approximately $1,030,000.

In addition to River Global Investors, other institutional investors and hedge funds have also adjusted their ownership in Stericycle. Notably, First Eagle Investment Management LLC increased its position in the company by 5.2% in the first quarter, now holding 242,975 shares worth around $12,817,000 after acquiring an additional 12,000 shares. Meanwhile, the Illinois Municipal Retirement Fund has established a new investment in Stericycle valued at $756,000 during the same period.

Sei Investments Co. has also increased its stake in the business services provider by 5.9%, now owning 1,124,481 shares valued at $59,316,000 after purchasing an additional 63,112 shares in the last quarter. Additionally, Quantbot Technologies LP has initiated a new position in Stericycle worth about $1,023,000. BNP Paribas Financial Markets has increased its holdings by 21.5%, and now controls 7,957 shares valued at $420,000 after buying 1,408 shares recently. Overall, hedge funds and institutional investors own approximately 98.82% of Stericycle's stock.

Analysts Provide Stock Ratings

In another development, StockNews.com has begun coverage of Stericycle, issuing a "hold" rating on the stock as of November 4th. Among analysts, the ratings have varied: one has labeled the stock as a sell, four analysts have given it a hold rating, and another two have issued buy recommendations. According to MarketBeat.com data, the consensus rating for Stericycle is "Hold," with an average price target of $74.00.

Understanding Stericycle's Stock Performance

On Friday, shares of NASDAQ:SRCL were trading flat at a price of $61.98. The stock has a 50-day moving average of $61.13 and a 200-day moving average of $57.19. Over the past year, Stericycle has seen its stock price range from a low of $37.78 to a high of $61.99. The company boasts a market capitalization of $5.75 billion, with a P/E ratio of 163.11 and a PEG ratio of 3.38, alongside a beta of 1.10. Additionally, Stericycle has a current ratio of 1.20, a quick ratio of 1.13, and a debt-to-equity ratio of 0.53.

Overview of Stericycle

Stericycle, Inc. provides crucial regulated waste and compliance services across the United States, Europe, and beyond through its subsidiaries. Its services encompass regulated medical waste disposal, pharmaceutical waste management, chemotherapy waste disposal, healthcare hazardous waste services, and specialized waste stream solutions. Furthermore, Stericycle offers services such as medication collection kiosks and various compliance solutions.

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Is Stericycle a wise investment choice?

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