Seizert Capital Partners LLC Reduces Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Seizert Capital Partners LLC trimmed its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 0.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,457 shares of the construction company’s stock after selling 386 shares during the period. Seizert Capital Partners LLC owned 0.13% of Sterling Infrastructure worth $5,867,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of STRL. Chartwell Investment Partners LLC increased its position in Sterling Infrastructure by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 8,958 shares of the construction company’s stock worth $1,299,000 after buying an additional 70 shares in the last quarter. Xponance Inc. grew its stake in shares of Sterling Infrastructure by 5.1% during the 2nd quarter. Xponance Inc. now owns 1,914 shares of the construction company’s stock valued at $227,000 after acquiring an additional 93 shares during the period. GAMMA Investing LLC increased its holdings in Sterling Infrastructure by 45.2% in the 3rd quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock worth $44,000 after acquiring an additional 94 shares in the last quarter. EFG Asset Management North America Corp. raised its stake in Sterling Infrastructure by 0.5% during the 2nd quarter. EFG Asset Management North America Corp. now owns 25,246 shares of the construction company’s stock worth $2,985,000 after acquiring an additional 120 shares during the period. Finally, SummerHaven Investment Management LLC lifted its holdings in Sterling Infrastructure by 1.0% during the second quarter. SummerHaven Investment Management LLC now owns 13,006 shares of the construction company’s stock valued at $1,539,000 after purchasing an additional 124 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Infrastructure Price Performance

NASDAQ:STRL opened at $180.03 on Friday. The business’s 50-day simple moving average is $153.02 and its two-hundred day simple moving average is $129.37. Sterling Infrastructure, Inc. has a 52 week low of $62.13 and a 52 week high of $201.27. The stock has a market cap of $5.53 billion, a PE ratio of 30.41, a P/E/G ratio of 2.01 and a beta of 1.15. The company has a quick ratio of 1.24, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

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

Insider Activity at Sterling Infrastructure

In related 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 sale, the executive vice president now directly owns 248,471 shares in the company, valued at approximately $35,677,950.89. The trade was a 7.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

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

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.