Aprio Wealth Management LLC bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,000 shares of the construction company’s stock, valued at approximately $435,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Sterling Infrastructure by 60.6% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 53,000 shares of the construction company’s stock worth $4,660,000 after purchasing an additional 20,000 shares in the last quarter. Nordea Investment Management AB increased its holdings in Sterling Infrastructure by 47.1% in the 1st quarter. Nordea Investment Management AB now owns 50,420 shares of the construction company’s stock worth $5,651,000 after purchasing an additional 16,142 shares in the last quarter. Inspire Investing LLC acquired a new position in Sterling Infrastructure in the 1st quarter worth about $449,000. Principal Financial Group Inc. increased its stake in shares of Sterling Infrastructure by 49.8% in the first quarter. Principal Financial Group Inc. now owns 26,038 shares of the construction company’s stock valued at $2,872,000 after buying an additional 8,657 shares during the period. Finally, Robeco Schweiz AG acquired a new stake in shares of Sterling Infrastructure in the second quarter valued at about $1,420,000. Institutional investors and hedge funds own 80.95% of the company’s stock.
Sterling Infrastructure Stock Down 0.3 %
Shares of NASDAQ:STRL opened at $147.54 on Tuesday. The business’s 50 day simple moving average is $122.35 and its two-hundred day simple moving average is $117.43. The firm has a market cap of $4.55 billion, a P/E ratio of 30.67, a PEG ratio of 1.76 and a beta of 1.17. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24. Sterling Infrastructure, Inc. has a 52-week low of $55.45 and a 52-week high of $152.00.
Analyst Ratings Changes
Separately, StockNews.com cut Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Sunday, September 15th.
Get Our Latest Report on Sterling Infrastructure
Insider Transactions at Sterling Infrastructure
In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $143.59, for a total value of $2,685,133.00. Following the completion of the sale, the executive vice president now directly owns 248,471 shares of the company’s stock, valued at $35,677,950.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.70% of the company’s stock.
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.
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