Chartwell Investment Partners LLC Buys 70 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Chartwell Investment Partners LLC grew its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,958 shares of the construction company’s stock after acquiring an additional 70 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Sterling Infrastructure were worth $1,299,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of STRL. SG Americas Securities LLC grew its stake in shares of Sterling Infrastructure by 587.9% during the 1st quarter. SG Americas Securities LLC now owns 9,817 shares of the construction company’s stock worth $1,083,000 after acquiring an additional 8,390 shares in the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Sterling Infrastructure by 12.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 9,439 shares of the construction company’s stock valued at $1,041,000 after buying an additional 1,026 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Sterling Infrastructure by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 5,384 shares of the construction company’s stock valued at $594,000 after purchasing an additional 424 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Sterling Infrastructure by 69.1% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 14,465 shares of the construction company’s stock valued at $1,596,000 after purchasing an additional 5,910 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Sterling Infrastructure by 0.5% during the first quarter. Vanguard Group Inc. now owns 1,887,792 shares of the construction company’s stock worth $208,242,000 after buying an additional 8,851 shares in the last quarter. 80.95% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $143.59, for a total transaction of $2,685,133.00. Following the completion of the sale, the executive vice president now owns 248,471 shares in the company, valued at approximately $35,677,950.89. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.70% of the company’s stock.

Sterling Infrastructure Price Performance

Shares of STRL opened at $191.50 on Wednesday. Sterling Infrastructure, Inc. has a 52-week low of $62.13 and a 52-week high of $201.27. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24. The business’s 50 day moving average price is $148.59 and its two-hundred day moving average price is $127.87. The firm has a market cap of $5.89 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 2.18 and a beta of 1.15.

Sterling Infrastructure (NASDAQ:STRL) last issued its quarterly 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 28.35% and a net margin of 8.77%. The firm had revenue of $593.74 million for the quarter, compared to analyst estimates of $599.90 million. During the same period in the previous year, the firm earned $1.26 earnings per share. On average, equities analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report 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.