ING Groep NV Grows Stake in Stericycle, Inc. (NASDAQ:SRCL)

ING Groep NV raised its position in shares of Stericycle, Inc. (NASDAQ:SRCL) by 537.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 483,300 shares of the business services provider’s stock after purchasing an additional 407,500 shares during the period. ING Groep NV owned about 0.52% of Stericycle worth $29,481,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in SRCL. Mirova raised its holdings in shares of Stericycle by 0.9% in the first quarter. Mirova now owns 47,345 shares of the business services provider’s stock valued at $2,497,000 after acquiring an additional 428 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Stericycle by 6.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 7,447 shares of the business services provider’s stock valued at $433,000 after purchasing an additional 449 shares in the last quarter. Clearstead Trust LLC purchased a new stake in shares of Stericycle in the 1st quarter worth approximately $25,000. Arizona State Retirement System boosted its stake in shares of Stericycle by 1.9% during the second quarter. Arizona State Retirement System now owns 25,915 shares of the business services provider’s stock valued at $1,506,000 after purchasing an additional 487 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Stericycle by 74.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,569 shares of the business services provider’s stock valued at $91,000 after buying an additional 672 shares during the period. 98.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Stericycle in a report on Tuesday. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Stericycle presently has a consensus rating of “Hold” and an average price target of $74.00.

Stericycle Price Performance

Shares of NASDAQ SRCL remained flat at $61.98 during trading hours on Thursday. Stericycle, Inc. has a 52 week low of $37.78 and a 52 week high of $61.99. The firm’s 50 day moving average is $61.29 and its 200-day moving average is $57.49. The company has a current ratio of 1.20, a quick ratio of 1.13 and a debt-to-equity ratio of 0.53. The stock 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 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.