Wasatch Advisors LP Sells 32,613 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Wasatch Advisors LP cut its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 40.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 47,917 shares of the construction company’s stock after selling 32,613 shares during the period. Wasatch Advisors LP’s holdings in Sterling Infrastructure were worth $8,072,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new position in shares of Sterling Infrastructure during the 4th quarter valued at about $39,000. Huntington National Bank raised its holdings in Sterling Infrastructure by 34.6% during the 4th quarter. Huntington National Bank now owns 288 shares of the construction company’s stock worth $49,000 after buying an additional 74 shares during the period. National Bank of Canada FI bought a new position in Sterling Infrastructure in the fourth quarter valued at approximately $56,000. Arcadia Investment Management Corp MI acquired a new position in shares of Sterling Infrastructure in the fourth quarter valued at approximately $71,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Sterling Infrastructure by 1,369.0% in the fourth quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company’s stock valued at $104,000 after buying an additional 575 shares during the period. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Price Performance

NASDAQ STRL opened at $140.44 on Thursday. Sterling Infrastructure, Inc. has a 12-month low of $93.50 and a 12-month high of $206.07. The firm’s 50 day moving average is $124.31 and its 200-day moving average is $154.54. The company has a market capitalization of $4.27 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. DA Davidson raised shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a research report on Thursday, February 27th. William Blair initiated coverage on Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating on the stock. Finally, StockNews.com cut Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Wednesday, April 9th.

About Sterling Infrastructure

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.