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

ING Groep NV grew its holdings in Stericycle, Inc. (NASDAQ:SRCL) by 537.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 483,300 shares of the business services provider’s stock after acquiring an additional 407,500 shares during the quarter. ING Groep NV’s holdings in Stericycle were worth $29,481,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SRCL. Clearstead Trust LLC acquired a new stake in Stericycle in the 1st quarter worth approximately $25,000. International Assets Investment Management LLC purchased a new position in shares of Stericycle in the second quarter worth $45,000. Headlands Technologies LLC acquired a new stake in shares of Stericycle during the first quarter worth about $44,000. Quest Partners LLC boosted its holdings in Stericycle by 4,172.7% in the second quarter. Quest Partners LLC now owns 940 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 918 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new stake in Stericycle in the 2nd quarter worth approximately $58,000. Hedge funds and other institutional investors own 98.82% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Stericycle Stock Performance

SRCL remained flat at $61.98 during midday trading on Thursday. The company has a fifty day moving average price of $61.29 and a 200 day moving average price of $57.49. Stericycle, Inc. has a 1-year low of $37.78 and a 1-year high of $61.99. The firm has a market capitalization of $5.75 billion, a PE ratio of 163.11, a price-to-earnings-growth ratio of 3.38 and a beta of 1.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.13 and a current ratio of 1.20.

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.