Legato Capital Management LLC Purchases 922 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Legato Capital Management LLC raised its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 4.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 23,707 shares of the construction company’s stock after buying an additional 922 shares during the quarter. Sterling Infrastructure accounts for about 0.5% of Legato Capital Management LLC’s holdings, making the stock its 24th biggest position. Legato Capital Management LLC’s holdings in Sterling Infrastructure were worth $3,993,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in shares of Sterling Infrastructure by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 719,980 shares of the construction company’s stock valued at $104,431,000 after purchasing an additional 3,918 shares in the last quarter. State Street Corp lifted its stake in Sterling Infrastructure by 0.7% in the third quarter. State Street Corp now owns 713,234 shares of the construction company’s stock valued at $103,433,000 after buying an additional 5,106 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Sterling Infrastructure by 7.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock valued at $111,873,000 after buying an additional 49,008 shares during the period. Congress Asset Management Co. boosted its holdings in shares of Sterling Infrastructure by 19.1% during the 3rd quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company’s stock worth $93,962,000 after buying an additional 104,096 shares in the last quarter. Finally, Loomis Sayles & Co. L P grew its position in shares of Sterling Infrastructure by 4.9% during the 3rd quarter. Loomis Sayles & Co. L P now owns 380,972 shares of the construction company’s stock worth $55,248,000 after buying an additional 17,863 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Trading Down 3.8 %

NASDAQ STRL opened at $144.88 on Wednesday. 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 52 week low of $76.01 and a 52 week high of $206.07. The business has a 50 day moving average price of $171.26 and a 200-day moving average price of $153.62. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 24.47, a P/E/G ratio of 1.53 and a beta of 1.24.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on STRL. William Blair initiated coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating on the stock. StockNews.com lowered shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Thursday, February 6th.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the transaction, the director now owns 25,901 shares in the company, valued at approximately $4,555,726.89. This represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.70% of the stock is currently owned by 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.