Algert Global LLC Has $3.79 Million Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Algert Global LLC lifted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 34.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,141 shares of the construction company’s stock after buying an additional 6,630 shares during the period. Algert Global LLC owned about 0.09% of Sterling Infrastructure worth $3,791,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Cerity Partners LLC grew its position in Sterling Infrastructure by 62.2% during the 3rd quarter. Cerity Partners LLC now owns 5,184 shares of the construction company’s stock worth $752,000 after acquiring an additional 1,988 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Sterling Infrastructure by 183.9% during the third quarter. Citigroup Inc. now owns 35,960 shares of the construction company’s stock worth $5,215,000 after purchasing an additional 23,295 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Sterling Infrastructure during the third quarter worth about $1,513,000. Advisors Asset Management Inc. increased its stake in shares of Sterling Infrastructure by 2.0% in the third quarter. Advisors Asset Management Inc. now owns 50,934 shares of the construction company’s stock valued at $7,386,000 after buying an additional 991 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Sterling Infrastructure by 9.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 122,711 shares of the construction company’s stock valued at $17,796,000 after buying an additional 10,097 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Sterling Infrastructure Stock Down 0.1 %

Shares of STRL opened at $196.33 on Tuesday. The stock’s 50-day moving average price is $160.49 and its two-hundred day moving average price is $132.45. Sterling Infrastructure, Inc. has a 12 month low of $62.13 and a 12 month high of $201.27. The company has a market capitalization of $6.03 billion, a PE ratio of 33.16, a PEG ratio of 2.20 and a beta of 1.15. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

Sterling Infrastructure (NASDAQ:STRL) last posted its quarterly earnings data on Wednesday, November 6th. The construction company reported $1.97 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $0.29. The company had revenue of $593.74 million for the quarter, compared to analyst estimates 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 in the previous year, the firm earned $1.26 earnings per share. On average, analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 EPS for the current year.

Insider Transactions at Sterling Infrastructure

In other news, EVP Ronald A. Ballschmiede sold 18,700 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was 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 of the company’s stock, valued at $35,677,950.89. The trade was a 7.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is currently owned by corporate insiders.

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.