Noesis Capital Mangement Corp Has $11.74 Million Stake in Stericycle, Inc. (NASDAQ:SRCL)

Noesis Capital Mangement Corp lowered its position in Stericycle, Inc. (NASDAQ:SRCL) by 4.3% in the third quarter, HoldingsChannel.com reports. The fund owned 192,483 shares of the business services provider’s stock after selling 8,617 shares during the quarter. Stericycle accounts for approximately 2.3% of Noesis Capital Mangement Corp’s portfolio, making the stock its 18th biggest holding. Noesis Capital Mangement Corp’s holdings in Stericycle were worth $11,741,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SRCL. OneDigital Investment Advisors LLC lifted its stake in Stericycle by 1.3% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 13,723 shares of the business services provider’s stock valued at $837,000 after purchasing an additional 171 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Stericycle by 6.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 7,447 shares of the business services provider’s stock valued at $433,000 after buying an additional 449 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Stericycle by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 25,915 shares of the business services provider’s stock worth $1,506,000 after acquiring an additional 487 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Stericycle by 74.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,569 shares of the business services provider’s stock worth $91,000 after acquiring an additional 672 shares during the last quarter. Finally, Creative Planning raised its stake in Stericycle by 13.4% in the 2nd quarter. Creative Planning now owns 5,710 shares of the business services provider’s stock valued at $332,000 after acquiring an additional 673 shares during the period. Institutional investors own 98.82% of the company’s stock.

Stericycle Stock Performance

NASDAQ:SRCL opened at $61.98 on Thursday. The company has a market cap 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, Inc. has a fifty-two week low of $37.78 and a fifty-two week high of $61.99. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.13 and a current ratio of 1.20. The stock has a fifty day moving average price of $61.40 and a 200-day moving average price of $58.58.

Wall Street Analysts Forecast Growth

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

Stericycle 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.