Stericycle Inc (SRCL) Position Lowered by California Public Employees Retirement System

California Public Employees Retirement System lowered its stake in Stericycle Inc (NASDAQ:SRCL) by 37.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 124,188 shares of the business services provider’s stock after selling 72,829 shares during the period. California Public Employees Retirement System owned approximately 0.14% of Stericycle worth $4,556,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its position in Stericycle by 6,998.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,638,209 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 1,615,132 shares during the last quarter. We Are One Seven LLC bought a new position in Stericycle in the fourth quarter valued at about $99,000. Quantamental Technologies LLC bought a new position in Stericycle in the fourth quarter valued at about $110,000. Exane Asset Management grew its position in Stericycle by 42.5% in the fourth quarter. Exane Asset Management now owns 5,924 shares of the business services provider’s stock valued at $217,000 after acquiring an additional 1,766 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in Stericycle by 5.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 6,650 shares of the business services provider’s stock valued at $244,000 after acquiring an additional 366 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.

SRCL has been the topic of a number of recent analyst reports. BidaskClub upgraded Stericycle from a “strong sell” rating to a “sell” rating in a research report on Saturday, December 1st. Robert W. Baird decreased their target price on Stericycle from $56.00 to $44.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 19th. Zacks Investment Research upgraded Stericycle from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Goldman Sachs Group upgraded Stericycle from a “neutral” rating to a “buy” rating and set a $66.00 target price on the stock in a research report on Friday, March 1st. Finally, BMO Capital Markets lifted their target price on Stericycle from $41.00 to $45.00 and gave the company a “market perform” rating in a research report on Monday, March 4th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Stericycle has an average rating of “Hold” and an average target price of $58.29.

Shares of SRCL stock opened at $49.36 on Friday. Stericycle Inc has a 12 month low of $34.36 and a 12 month high of $71.43. The stock has a market cap of $4.48 billion, a PE ratio of 11.09, a PEG ratio of 1.76 and a beta of 1.05. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 1.03.

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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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Institutional Ownership by Quarter for Stericycle (NASDAQ:SRCL)

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