Quest Partners LLC Sells 2,263 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Quest Partners LLC reduced its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 66.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,160 shares of the construction company’s stock after selling 2,263 shares during the quarter. Quest Partners LLC’s holdings in Sterling Infrastructure were worth $137,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of STRL. Hantz Financial Services Inc. acquired a new stake in Sterling Infrastructure in the second quarter worth about $30,000. Nisa Investment Advisors LLC raised its stake in shares of Sterling Infrastructure by 391.1% during the second quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock worth $33,000 after buying an additional 219 shares during the last quarter. Crewe Advisors LLC raised its stake in shares of Sterling Infrastructure by 85.4% during the second quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock worth $35,000 after buying an additional 135 shares during the last quarter. Family Firm Inc. acquired a new position in Sterling Infrastructure in the second quarter valued at approximately $38,000. Finally, Opal Wealth Advisors LLC bought a new position in Sterling Infrastructure in the second quarter valued at approximately $40,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of NASDAQ:STRL opened at $128.81 on Tuesday. The firm’s 50 day simple moving average is $114.35 and its 200 day simple moving average is $113.75. Sterling Infrastructure, Inc. has a fifty-two week low of $55.45 and a fifty-two week high of $137.63. The company has a market capitalization of $3.98 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 1.38 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24.

Sterling Infrastructure (NASDAQ:STRL) last posted its earnings results on Monday, August 5th. The construction company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.24. Sterling Infrastructure had a net margin of 7.85% and a return on equity of 25.64%. The company had revenue of $582.82 million for the quarter, compared to analyst estimates of $553.70 million. During the same period last year, the business posted $1.27 earnings per share. As a group, sell-side analysts forecast that Sterling Infrastructure, Inc. will post 5.66 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Sunday.

Sterling Infrastructure Profile

Sterling Infrastructure, Inc engages in the provision of e-infrastructure, transportation, and building solutions primarily in the United States. It operates through three segments: E-Infrastructure Solutions, Transportation Solutions, and Building Solutions. The E-Infrastructure Solutions segment provides site development services for the blue-chip end users in the e-commerce distribution center, data center, manufacturing, warehousing, and power generation sectors.