Charles Schwab Investment Management Inc. decreased its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 330,574 shares of the construction company's stock after selling 12,348 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.08% of Sterling Infrastructure worth $55,685,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Quarry LP lifted its holdings in Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company's stock valued at $25,000 after purchasing an additional 143 shares in the last quarter. Huntington National Bank grew its position in Sterling Infrastructure by 21,300.0% in the third quarter. Huntington National Bank now owns 214 shares of the construction company's stock valued at $31,000 after acquiring an additional 213 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Sterling Infrastructure in the fourth quarter valued at approximately $39,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Sterling Infrastructure during the fourth quarter worth approximately $71,000. Finally, Private Trust Co. NA acquired a new stake in shares of Sterling Infrastructure during the third quarter worth approximately $78,000. 80.95% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Sterling Infrastructure
In related news, Director Dana C. O'brien sold 2,000 shares of the business's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the sale, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. The trade was a 7.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.80% of the stock is currently owned by insiders.
Sterling Infrastructure Stock Performance
Shares of NASDAQ STRL traded up $3.56 during trading hours on Friday, reaching $121.37. The stock had a trading volume of 446,209 shares, compared to its average volume of 390,778. The business's fifty day moving average is $145.68 and its two-hundred day moving average is $155.17. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 1.28 and a beta of 1.32. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $206.07.
Wall Street Analyst Weigh In
STRL has been the topic of several research analyst reports. William Blair started coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set an "outperform" rating on the stock. DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a report on Thursday, February 27th. Finally, StockNews.com raised Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th.
Get Our Latest Analysis on STRL
Sterling Infrastructure Profile
(
Free Report)
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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