Verus Capital Partners LLC Trims Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Verus Capital Partners LLC reduced its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 29.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,860 shares of the construction company's stock after selling 6,120 shares during the quarter. Verus Capital Partners LLC's holdings in Sterling Infrastructure were worth $2,503,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of STRL. Quarry LP increased its holdings in shares of Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company's stock worth $25,000 after buying an additional 143 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Sterling Infrastructure in the third quarter worth $26,000. Huntington National Bank increased its stake 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 during the last quarter. Signaturefd LLC raised its position in Sterling Infrastructure by 119.3% during the third quarter. Signaturefd LLC now owns 296 shares of the construction company's stock valued at $43,000 after purchasing an additional 161 shares in the last quarter. Finally, Arcadia Investment Management Corp MI bought a new stake in Sterling Infrastructure during the fourth quarter worth about $71,000. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Stock Up 0.7 %

Shares of STRL stock traded up $0.83 during mid-day trading on Tuesday, hitting $122.40. The company's stock had a trading volume of 558,412 shares, compared to its average volume of 625,790. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week high of $206.07. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 1.28 and a beta of 1.24. The business has a 50-day moving average price of $154.16 and a 200 day moving average price of $155.47.

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Insiders Place Their Bets

In related news, Director Dana C. O'brien sold 2,000 shares of the business's stock in a transaction that occurred 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 transaction, the director now directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on STRL. DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price for the company in a report on Thursday, February 27th. StockNews.com raised Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday, February 20th. Finally, William Blair assumed coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an "outperform" rating on the stock.

About Sterling Infrastructure

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.