Janney Montgomery Scott LLC Sells 2,741 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Janney Montgomery Scott LLC reduced its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 15.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,636 shares of the construction company's stock after selling 2,741 shares during the period. Janney Montgomery Scott LLC's holdings in Sterling Infrastructure were worth $2,123,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Hantz Financial Services Inc. bought a new position in Sterling Infrastructure during the 2nd quarter valued at $30,000. Nisa Investment Advisors LLC lifted its stake in Sterling Infrastructure by 391.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company's stock valued at $33,000 after acquiring an additional 219 shares in the last quarter. Crewe Advisors LLC lifted its stake in Sterling Infrastructure by 85.4% during the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company's stock valued at $35,000 after acquiring an additional 135 shares in the last quarter. Signaturefd LLC lifted its stake in Sterling Infrastructure by 119.3% during the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company's stock valued at $43,000 after acquiring an additional 161 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Sterling Infrastructure during the 3rd quarter valued at $44,000. 80.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of Sterling Infrastructure stock in a transaction dated 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 owns 248,471 shares of the company's stock, valued at approximately $35,677,950.89. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.70% of the stock is currently owned by insiders.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock traded down $4.85 during trading hours on Wednesday, hitting $186.65. 251,151 shares of the company's stock traded hands, compared to its average volume of 351,256. Sterling Infrastructure, Inc. has a 12-month low of $62.13 and a 12-month high of $201.27. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 31.53, a PEG ratio of 2.14 and a beta of 1.15. The company has a fifty day simple moving average of $150.14 and a 200-day simple moving average of $128.28. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.24.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last announced its earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.29. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. The firm had revenue of $593.74 million during the quarter, compared to analyst estimates of $599.90 million. During the same period last year, the firm posted $1.26 EPS. Equities research analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 EPS for the current fiscal 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, September 15th.

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.