Wasatch Advisors LP Sells 30,396 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Wasatch Advisors LP cut its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 23.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 98,819 shares of the construction company’s stock after selling 30,396 shares during the period. Wasatch Advisors LP’s holdings in Sterling Infrastructure were worth $10,901,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Sterling Infrastructure by 60.6% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 53,000 shares of the construction company’s stock valued at $4,660,000 after purchasing an additional 20,000 shares during the last quarter. Nordea Investment Management AB acquired a new position in Sterling Infrastructure during the fourth quarter valued at approximately $3,030,000. Graham Capital Management L.P. acquired a new stake in shares of Sterling Infrastructure in the third quarter valued at approximately $782,000. Seizert Capital Partners LLC lifted its position in shares of Sterling Infrastructure by 21.3% in the fourth quarter. Seizert Capital Partners LLC now owns 40,868 shares of the construction company’s stock valued at $3,594,000 after buying an additional 7,177 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Sterling Infrastructure by 248.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 29,332 shares of the construction company’s stock valued at $2,579,000 after buying an additional 20,905 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Performance

Shares of STRL traded down $1.80 during mid-day trading on Tuesday, reaching $112.96. The company’s stock had a trading volume of 311,091 shares, compared to its average volume of 367,234. Sterling Infrastructure, Inc. has a 1-year low of $54.84 and a 1-year high of $137.63. The stock has a market cap of $3.49 billion, a P/E ratio of 23.48 and a beta of 1.19. The business has a 50-day simple moving average of $118.10 and a two-hundred day simple moving average of $101.47. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.53.

Sterling Infrastructure (NASDAQ:STRL) last released its quarterly earnings data on Monday, May 6th. The construction company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.18. Sterling Infrastructure had a return on equity of 25.06% and a net margin of 7.47%. The company had revenue of $440.36 million during the quarter, compared to analysts’ expectations of $453.30 million. As a group, equities research analysts anticipate that Sterling Infrastructure, Inc. will post 5.3 earnings per share for the current fiscal 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.