Seizert Capital Partners LLC Sells 386 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Seizert Capital Partners LLC reduced its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 0.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 40,457 shares of the construction company’s stock after selling 386 shares during the period. Seizert Capital Partners LLC’s holdings in Sterling Infrastructure were worth $5,867,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC grew its position in Sterling Infrastructure by 691.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 515,800 shares of the construction company’s stock worth $61,040,000 after acquiring an additional 450,620 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Sterling Infrastructure by 1,088.1% in the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock valued at $51,561,000 after purchasing an additional 325,620 shares during the last quarter. F M Investments LLC purchased a new position in shares of Sterling Infrastructure in the 2nd quarter worth approximately $18,379,000. International Assets Investment Management LLC increased its position in shares of Sterling Infrastructure by 14,112.0% during the 3rd quarter. International Assets Investment Management LLC now owns 142,120 shares of the construction company’s stock valued at $20,610,000 after purchasing an additional 141,120 shares during the last quarter. Finally, Congress Asset Management Co. raised its holdings in Sterling Infrastructure by 19.1% during the 3rd quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company’s stock valued at $93,962,000 after buying an additional 104,096 shares during the period. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock opened at $180.03 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.24. The firm has a market capitalization of $5.53 billion, a P/E ratio of 30.41, a price-to-earnings-growth ratio of 2.01 and a beta of 1.15. Sterling Infrastructure, Inc. has a 1-year low of $62.13 and a 1-year high of $201.27. The company’s 50-day moving average is $153.02 and its 200 day moving average is $129.37.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly earnings results 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 return on equity of 27.52% and a net margin of 8.77%. The firm had revenue of $593.74 million for the quarter, compared to the consensus estimate of $599.90 million. During the same period in the prior year, the business posted $1.26 earnings per share. Research analysts forecast that Sterling Infrastructure, Inc. will post 5.96 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Sunday, September 15th.

Insider Transactions at Sterling Infrastructure

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of the company’s stock in a transaction dated 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 directly owns 248,471 shares in the company, valued at $35,677,950.89. This represents a 7.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.70% of the company’s stock.

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.