Pathstone Holdings LLC Boosts Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Pathstone Holdings LLC lifted its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 157.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,900 shares of the construction company's stock after buying an additional 6,049 shares during the quarter. Pathstone Holdings LLC's holdings in Sterling Infrastructure were worth $1,436,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Baron Wealth Management LLC acquired a new stake in Sterling Infrastructure in the 3rd quarter valued at about $305,000. Quest Partners LLC grew its position in shares of Sterling Infrastructure by 212.4% in the third quarter. Quest Partners LLC now owns 3,624 shares of the construction company's stock valued at $526,000 after purchasing an additional 2,464 shares during the last quarter. RiverPark Advisors LLC increased its stake in shares of Sterling Infrastructure by 52.2% during the 3rd quarter. RiverPark Advisors LLC now owns 1,802 shares of the construction company's stock worth $261,000 after purchasing an additional 618 shares in the last quarter. Huntington National Bank raised its position in shares of Sterling Infrastructure by 21,300.0% during the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company's stock worth $31,000 after purchasing an additional 213 shares during the last quarter. Finally, KBC Group NV lifted its stake in Sterling Infrastructure by 29.0% in the 3rd quarter. KBC Group NV now owns 993 shares of the construction company's stock valued at $144,000 after buying an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Trading Down 0.5 %

Shares of STRL stock traded down $0.96 during mid-day trading on Friday, hitting $194.45. 319,674 shares of the company's stock were exchanged, compared to its average volume of 353,566. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 2.19 and a beta of 1.15. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a fifty-two week low of $62.13 and a fifty-two week high of $203.49. The stock has a 50-day simple moving average of $165.38 and a two-hundred day simple moving average of $134.30.

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

Insider Activity

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the firm's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $143.59, for a total value of $2,685,133.00. Following the transaction, 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 7.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded 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.