Concurrent Investment Advisors LLC Sells 848 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Concurrent Investment Advisors LLC lessened its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 16.3% in the 4th quarter, HoldingsChannel reports. The fund owned 4,357 shares of the construction company’s stock after selling 848 shares during the period. Concurrent Investment Advisors LLC’s holdings in Sterling Infrastructure were worth $734,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of STRL. Principal Financial Group Inc. raised its stake in shares of Sterling Infrastructure by 1,088.1% during the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock worth $51,561,000 after acquiring an additional 325,620 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Sterling Infrastructure during the fourth quarter worth $47,712,000. International Assets Investment Management LLC increased its position in shares of Sterling Infrastructure by 14,112.0% during the third quarter. International Assets Investment Management LLC now owns 142,120 shares of the construction company’s stock worth $20,610,000 after purchasing an additional 141,120 shares in the last quarter. WCM Investment Management LLC acquired a new position in Sterling Infrastructure during the 4th quarter valued at about $18,019,000. Finally, Congress Asset Management Co. increased its position in Sterling Infrastructure by 19.1% during the 3rd quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company’s stock valued at $93,962,000 after buying an additional 104,096 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Insider Activity

In related news, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.70% of the company’s stock.

Sterling Infrastructure Price Performance

NASDAQ STRL opened at $116.29 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The stock’s fifty day moving average price is $160.76 and its 200 day moving average price is $155.00. Sterling Infrastructure, Inc. has a 1 year low of $83.40 and a 1 year high of $206.07. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 1.28 and a beta of 1.24.

Analysts Set New Price Targets

STRL has been the topic of several recent analyst reports. William Blair assumed coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating on the stock. StockNews.com upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday.

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.