Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Purchased by Diversified Trust Co

Diversified Trust Co increased its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 16.6% in the fourth quarter, HoldingsChannel reports. The firm owned 5,108 shares of the construction company’s stock after acquiring an additional 728 shares during the quarter. Diversified Trust Co’s holdings in Sterling Infrastructure were worth $860,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Chartwell Investment Partners LLC lifted its holdings in shares of Sterling Infrastructure by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company’s stock worth $1,299,000 after purchasing an additional 70 shares during the period. Xponance Inc. lifted its holdings in shares of Sterling Infrastructure by 5.1% during the second quarter. Xponance Inc. now owns 1,914 shares of the construction company’s stock worth $227,000 after purchasing an additional 93 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Sterling Infrastructure by 45.2% during the third quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock worth $44,000 after purchasing an additional 94 shares during the period. Quarry LP lifted its holdings in shares of Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after purchasing an additional 143 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of 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 purchasing an additional 161 shares during the period. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Sunday, September 15th.

Insider Activity at Sterling Infrastructure

In other 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 completion of the sale, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. The trade was a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is owned by company insiders.

Sterling Infrastructure Stock Down 0.3 %

Shares of STRL stock opened at $167.05 on Friday. The stock has a 50 day moving average of $180.98 and a 200 day moving average of $146.03. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market cap of $5.13 billion, a P/E ratio of 28.22, a P/E/G ratio of 2.02 and a beta of 1.26. Sterling Infrastructure, Inc. has a twelve month low of $69.61 and a twelve month high of $203.49.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.29. The company had revenue of $593.74 million during the quarter, compared to analysts’ expectations of $599.90 million. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. During the same period last year, the business earned $1.26 earnings per share. As a group, sell-side analysts expect that Sterling Infrastructure, Inc. will post 5.96 EPS for the current year.

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.