Geneva Partners LLC Takes Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Geneva Partners LLC bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,558 shares of the construction company's stock, valued at approximately $806,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB lifted its position in shares of Sterling Infrastructure by 47.1% in the first quarter. Nordea Investment Management AB now owns 50,420 shares of the construction company's stock worth $5,651,000 after buying an additional 16,142 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of Sterling Infrastructure in the first quarter worth about $449,000. Robeco Schweiz AG acquired a new stake in shares of Sterling Infrastructure in the second quarter worth about $1,420,000. Mutual of America Capital Management LLC acquired a new stake in shares of Sterling Infrastructure in the first quarter worth about $4,308,000. Finally, Virtu Financial LLC acquired a new stake in shares of Sterling Infrastructure in the first quarter worth about $1,138,000. Hedge funds and other institutional investors own 80.95% of the company's stock.

Insider Buying and Selling

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of the business's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $143.59, for a total transaction of $2,685,133.00. Following the transaction, the executive vice president now directly owns 248,471 shares in the company, valued at $35,677,950.89. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 3.80% of the stock is owned by insiders.

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL traded up $5.68 during trading hours on Tuesday, hitting $157.22. 270,112 shares of the company's stock were exchanged, compared to its average volume of 347,467. Sterling Infrastructure, Inc. has a 1-year low of $55.45 and a 1-year high of $170.50. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 1.81 and a beta of 1.15. The company's 50-day moving average price is $140.84 and its 200-day moving average price is $124.47.

Sterling Infrastructure (NASDAQ:STRL - Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The construction company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.24. Sterling Infrastructure had a return on equity of 25.64% and a net margin of 7.85%. The business had revenue of $582.82 million during the quarter, compared to analysts' expectations of $553.70 million. During the same quarter in the previous year, the firm earned $1.27 EPS. On average, sell-side analysts expect that Sterling Infrastructure, Inc. will post 5.66 earnings per share 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 report 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.