Charles Schwab Investment Management Inc. Sells 12,348 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Charles Schwab Investment Management Inc. cut its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 330,574 shares of the construction company’s stock after selling 12,348 shares during the period. Charles Schwab Investment Management Inc. owned about 1.08% of Sterling Infrastructure worth $55,685,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of STRL. Quarry LP raised its holdings in Sterling Infrastructure by 510.7% in the third quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after purchasing an additional 143 shares during the period. Huntington National Bank raised its holdings in shares of Sterling Infrastructure by 21,300.0% during the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after acquiring an additional 213 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Sterling Infrastructure during the fourth quarter worth $39,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Sterling Infrastructure during the fourth quarter worth $71,000. Finally, Private Trust Co. NA acquired a new stake in shares of Sterling Infrastructure during the third quarter worth $78,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the sale, the director now directly owns 25,901 shares in the company, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on STRL shares. William Blair started coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating on the stock. DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a report on Thursday, February 27th. Finally, StockNews.com upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, March 6th.

Sterling Infrastructure Stock Up 1.2 %

Shares of STRL stock opened at $117.81 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 1 year low of $93.50 and a 1 year high of $206.07. The firm’s fifty day moving average price is $145.68 and its two-hundred day moving average price is $155.17. The firm has a market capitalization of $3.61 billion, a P/E ratio of 19.90, a PEG ratio of 1.28 and a beta of 1.32.

About Sterling Infrastructure

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.