Kestra Private Wealth Services LLC Acquires New Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Kestra Private Wealth Services LLC acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,643 shares of the construction company's stock, valued at approximately $614,000.

Several other institutional investors have also modified their holdings of the stock. Chartwell Investment Partners LLC raised its stake in Sterling Infrastructure by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company's stock valued at $1,299,000 after purchasing an additional 70 shares during the last quarter. Willis Investment Counsel raised its position in shares of Sterling Infrastructure by 1.4% in the fourth quarter. Willis Investment Counsel now owns 7,535 shares of the construction company's stock valued at $1,269,000 after buying an additional 101 shares during the last quarter. Quarry LP lifted its stake in shares of 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 buying an additional 143 shares in the last quarter. Signaturefd LLC boosted its position in Sterling Infrastructure by 119.3% during the third quarter. Signaturefd LLC now owns 296 shares of the construction company's stock worth $43,000 after acquiring an additional 161 shares during the last quarter. Finally, Aprio Wealth Management LLC grew its stake in Sterling Infrastructure by 5.4% during the 4th quarter. Aprio Wealth Management LLC now owns 3,161 shares of the construction company's stock valued at $532,000 after acquiring an additional 161 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Sterling Infrastructure Trading Down 3.2 %

Shares of STRL traded down $4.18 during mid-day trading on Wednesday, reaching $126.45. The stock had a trading volume of 696,722 shares, compared to its average volume of 489,427. Sterling Infrastructure, Inc. has a 52-week low of $81.25 and a 52-week high of $206.07. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 21.36, a P/E/G ratio of 1.37 and a beta of 1.24. The business's fifty day moving average is $165.50 and its 200 day moving average is $154.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Analyst Ratings Changes

Several brokerages have recently weighed in on STRL. William Blair initiated coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an "outperform" rating on the stock. StockNews.com downgraded Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th.

Insider Buying and Selling at Sterling Infrastructure

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

Sterling Infrastructure Company 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.