Thu Sep 26 15:00:01 UTC 2024: ## Canada Pension Plan Invests in Stericycle, Inc.

**Chicago, IL -** The Canada Pension Plan Investment Board has acquired a new stake in Stericycle, Inc. (NASDAQ: SRCL), a leading provider of regulated waste and compliance services, according to the company’s recent SEC filing. The investment, valued at approximately $6,069,000, represents 0.11% of Stericycle’s total shares.

This move follows a trend of increased interest in Stericycle from institutional investors. Several other hedge funds, including Vanguard Group Inc., Capital Research Global Investors, Earnest Partners LLC, Dimensional Fund Advisors LP, and Schroder Investment Management Group, have recently adjusted their positions in the company.

Stericycle’s stock opened at $61.05 on Thursday, marking a one-year low of $37.78 and a high of $61.77. The company holds a market cap of $5.67 billion.

Several research firms have recently weighed in on SRCL. Royal Bank of Canada maintained a “sector perform” rating with a $62.00 price objective. Keefe, Bruyette & Woods upgraded their price target to $142.00 and assigned an “outperform” rating. Meanwhile, Truist Financial raised their target price to $62.00 while maintaining a “hold” rating.

Overall, the stock currently holds an average rating of “Hold” with a consensus price target of $74.00 based on data from MarketBeat.

Stericycle offers a wide range of services including regulated medical waste, sharps waste management, pharmaceutical waste disposal, healthcare hazardous waste, and compliance solutions. The company operates in the United States, Europe, and internationally.

The recent investments in Stericycle indicate growing confidence in the company’s future prospects. The company’s diversified service offerings and strong presence in the regulated waste and compliance market continue to attract institutional investors, signaling positive growth potential for the future.

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