Chicago Capital LLC Invests $226,000 in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Chicago Capital LLC acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,558 shares of the construction company’s stock, valued at approximately $226,000.

Other large investors also recently modified their holdings of the company. Hantz Financial Services Inc. acquired a new position in shares of Sterling Infrastructure during the 2nd quarter worth about $30,000. Nisa Investment Advisors LLC lifted its stake in Sterling Infrastructure by 391.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock valued at $33,000 after purchasing an additional 219 shares during the last quarter. Crewe Advisors LLC lifted its stake in Sterling Infrastructure by 85.4% in the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock valued at $35,000 after purchasing an additional 135 shares during the last quarter. Family Firm Inc. acquired a new stake in Sterling Infrastructure in the 2nd quarter valued at about $38,000. Finally, Opal Wealth Advisors LLC acquired a new stake in Sterling Infrastructure in the 2nd quarter valued at about $40,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Trading Down 3.4 %

Shares of NASDAQ:STRL opened at $159.84 on Monday. Sterling Infrastructure, Inc. has a 52-week low of $55.45 and a 52-week high of $170.50. The company has a market capitalization of $4.93 billion, a P/E ratio of 33.23, a price-to-earnings-growth ratio of 1.82 and a beta of 1.17. The company has a 50-day simple moving average of $131.52 and a 200 day simple moving average of $120.46. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.24.

Sterling Infrastructure (NASDAQ:STRL) last issued its earnings results on Monday, August 5th. The construction company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.24. The business had revenue of $582.82 million during the quarter, compared to the consensus estimate of $553.70 million. Sterling Infrastructure had a net margin of 7.85% and a return on equity of 25.64%. During the same period last year, the business posted $1.27 EPS. Sell-side analysts forecast that Sterling Infrastructure, Inc. will post 5.66 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Sunday, September 15th.

Insiders Place Their Bets

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were 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 directly owns 248,471 shares in the company, valued at $35,677,950.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 3.70% of the company’s stock.

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.