River Global Investors LLP Reduces Stake in Stericycle, Inc.

In a recent filing with the Securities and Exchange Commission (SEC), River Global Investors LLP announced a reduction of its stake in Stericycle, Inc. (NASDAQ:SRCL). The firm cut its position by 39.4% during the third quarter of the year, now holding a total of 16,882 shares after selling 10,971 shares during this period. The value of River Global Investors LLP's holdings in Stericycle stood at approximately $1,030,000 as of the latest reporting.

Changes in Institutional Holdings

In addition to River Global Investors LLP's adjustments, other institutional investors and hedge funds have also been active regarding Stericycle shares. First Eagle Investment Management LLC increased its holdings by 5.2% in the first quarter, now owning 242,975 shares worth approximately $12,817,000 after acquiring an additional 12,000 shares. Meanwhile, Illinois Municipal Retirement Fund entered a new investment in Stericycle, purchasing a stake valued at $756,000.

Sei Investments Co. raised its position in Stericycle by 5.9%, bringing their total to 1,124,481 shares valued at around $59,316,000 following a purchase of 63,112 additional shares in the previous quarter. Quantbot Technologies LP also initiated a new investment in Stericycle during this time, valued at about $1,023,000. Additionally, BNP Paribas Financial Markets boosted its holdings by 21.5%, now owning 7,957 shares valued at $420,000 after purchasing 1,408 more shares in the last quarter. Overall, hedge funds and institutional investors collectively own 98.82% of Stericycle's stock.

Analyst Opinions on Stericycle

In a recent development, StockNews.com began covering Stericycle, issuing a "hold" rating on the company's stock. The evaluation from analysts shows a mixed perspective, with one analyst rating the stock as a sell, four analysts advising a hold, and two suggesting a buy. As indicated by MarketBeat.com, Stericycle currently holds a consensus rating of "Hold" with an average target price set at $74.00.

Stericycle Stock Overview

As for stock performance, shares of Stericycle (NASDAQ:SRCL) were observed trading at $61.98 on Friday, remaining unchanged throughout the trading session. The company's 50-day moving average is noted at $61.13, while its 200-day moving average stands at $57.19. The stock's performance over the past year indicates a low of $37.78 and a high of $61.99. With a market capitalization of $5.75 billion, Stericycle displays a P/E ratio of 163.11, a PEG ratio of 3.38, and a beta of 1.10. Furthermore, the company reports a current ratio of 1.20, a quick ratio of 1.13, and a debt-to-equity ratio of 0.53.

About Stericycle

Stericycle, Inc., including its subsidiaries, offers regulated waste and compliance services across the United States, Europe, and globally. They provide various service options, from managing regulated medical waste and sharps disposal to pharmaceutical waste management. Stericycle also offers specialty services like medication collection kiosks, waste services for airports and maritime environments, and compliance solutions such as Steri-Safe.

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