Charles Schwab Investment Management Inc. Sells 12,348 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Charles Schwab Investment Management Inc. decreased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 330,574 shares of the construction company’s stock after selling 12,348 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Sterling Infrastructure were worth $55,685,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of STRL. Assetmark Inc. grew its holdings in Sterling Infrastructure by 357.6% during the 3rd quarter. Assetmark Inc. now owns 1,121 shares of the construction company’s stock worth $163,000 after acquiring an additional 876 shares during the last quarter. Atria Investments Inc grew its holdings in Sterling Infrastructure by 10.7% during the 3rd quarter. Atria Investments Inc now owns 6,594 shares of the construction company’s stock worth $956,000 after acquiring an additional 636 shares during the last quarter. Axxcess Wealth Management LLC bought a new stake in Sterling Infrastructure during the 3rd quarter worth approximately $230,000. State of New Jersey Common Pension Fund D grew its holdings in Sterling Infrastructure by 9.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 16,729 shares of the construction company’s stock worth $2,426,000 after acquiring an additional 1,388 shares during the last quarter. Finally, Harbour Investments Inc. grew its holdings in Sterling Infrastructure by 18.2% during the 3rd quarter. Harbour Investments Inc. now owns 6,807 shares of the construction company’s stock worth $987,000 after acquiring an additional 1,050 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on STRL. StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. 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 note on Thursday, February 27th. Finally, William Blair began coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating on the stock.

Sterling Infrastructure Price Performance

STRL opened at $117.81 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market cap of $3.61 billion, a P/E ratio of 19.90, a PEG ratio of 1.28 and a beta of 1.32. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07. The firm has a 50-day moving average of $145.68 and a 200 day moving average of $155.17.

Insider Activity

In related news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure stock in a transaction 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 directly owns 25,901 shares of the company’s stock, valued at $4,555,726.89. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is owned by company insiders.

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.