Pathstone Holdings LLC Acquires 6,049 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Pathstone Holdings LLC lifted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 157.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,900 shares of the construction company’s stock after acquiring an additional 6,049 shares during the quarter. Pathstone Holdings LLC’s holdings in Sterling Infrastructure were worth $1,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Baron Wealth Management LLC bought a new position in Sterling Infrastructure in the third quarter valued at about $305,000. Quest Partners LLC lifted its stake in shares of Sterling Infrastructure by 212.4% in the 3rd quarter. Quest Partners LLC now owns 3,624 shares of the construction company’s stock worth $526,000 after purchasing an additional 2,464 shares during the period. RiverPark Advisors LLC boosted its holdings in shares of Sterling Infrastructure by 52.2% in the third quarter. RiverPark Advisors LLC now owns 1,802 shares of the construction company’s stock worth $261,000 after buying an additional 618 shares during the last quarter. Huntington National Bank grew its position in Sterling Infrastructure by 21,300.0% during the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after buying an additional 213 shares during the period. Finally, KBC Group NV increased its holdings in Sterling Infrastructure by 29.0% during the third quarter. KBC Group NV now owns 993 shares of the construction company’s stock valued at $144,000 after buying an additional 223 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.80% of the stock is owned by company insiders.

Sterling Infrastructure Stock Down 1.8 %

Shares of STRL opened at $195.41 on Friday. The business’s 50 day moving average is $165.38 and its 200 day moving average is $134.30. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 12-month low of $62.13 and a 12-month high of $203.49. The company has a market capitalization of $6.00 billion, a PE ratio of 33.01, a price-to-earnings-growth ratio of 2.20 and a beta of 1.15.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered 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.