Connor Clark & Lunn Investment Management Ltd. cut its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report) by 27.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,033 shares of the construction company’s stock after selling 33,678 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Sterling Infrastructure were worth $14,998,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC lifted its holdings in Sterling Infrastructure by 18.4% during the 4th quarter. Truvestments Capital LLC now owns 7,069 shares of the construction company’s stock worth $1,191,000 after purchasing an additional 1,097 shares during the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new stake in shares of Sterling Infrastructure in the fourth quarter valued at about $1,063,000. Prosperity Financial Group Inc. acquired a new position in shares of Sterling Infrastructure in the fourth quarter valued at about $233,000. Moran Wealth Management LLC bought a new position in Sterling Infrastructure during the fourth quarter worth about $429,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Sterling Infrastructure by 13.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,583 shares of the construction company’s stock worth $1,446,000 after purchasing an additional 1,043 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.
Sterling Infrastructure Trading Up 1.2 %
Shares of Sterling Infrastructure stock opened at $117.81 on Friday. 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 12-month low of $93.50 and a 12-month high of $206.07. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 1.28 and a beta of 1.32. The firm’s 50-day moving average price is $145.68 and its two-hundred day moving average price is $155.17.
Wall Street Analyst Weigh In
View Our Latest Analysis on Sterling Infrastructure
Insiders Place Their Bets
In other news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the transaction, the director now 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.80% 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.
Featured Articles
- Five stocks we like better than Sterling Infrastructure
- Market Cap Calculator: How to Calculate Market Cap
- 3 Undervalued Stocks You Can Buy at a Discount Now
- Best Stocks Under $10.00
- AMD Stock: Can the PC Refresh Cycle Spark a Rally?
- The How And Why of Investing in Oil Stocks
- Micron Stock Spikes 7%—3 Key Catalysts Behind the Move
Want to see what other hedge funds are holding STRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sterling Infrastructure, Inc. (NASDAQ:STRL – Free Report).
Receive News & Ratings for Sterling Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sterling Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.