Quest Partners LLC Has $526,000 Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Quest Partners LLC raised its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 212.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,624 shares of the construction company’s stock after purchasing an additional 2,464 shares during the quarter. Quest Partners LLC’s holdings in Sterling Infrastructure were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of STRL. Vanguard Group Inc. grew its stake in 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 during the last quarter. Congress Asset Management Co. raised its position in shares of Sterling Infrastructure by 19.1% during the 3rd quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company’s stock valued at $93,962,000 after acquiring an additional 104,096 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Sterling Infrastructure by 19.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 617,901 shares of the construction company’s stock valued at $89,608,000 after purchasing an additional 102,101 shares during the last quarter. Driehaus Capital Management LLC increased its stake in shares of Sterling Infrastructure by 11.4% in the 2nd quarter. Driehaus Capital Management LLC now owns 533,606 shares of the construction company’s stock valued at $63,147,000 after acquiring an additional 54,727 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in Sterling Infrastructure by 1,088.1% in the third quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock valued at $51,561,000 after purchasing an additional 325,620 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Insider Activity

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of Sterling Infrastructure stock in a transaction 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 transaction, the executive vice president now directly owns 248,471 shares of the company’s stock, valued at $35,677,950.89. The trade was a 7.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Sunday, September 15th.

Sterling Infrastructure Stock Down 0.5 %

Shares of Sterling Infrastructure stock opened at $196.51 on Friday. The business’s 50 day simple moving average is $160.49 and its 200 day simple moving average is $132.33. 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 $6.03 billion, a PE ratio of 33.19, a P/E/G ratio of 2.21 and a beta of 1.15. Sterling Infrastructure, Inc. has a 52-week low of $62.13 and a 52-week high of $201.27.

Sterling Infrastructure (NASDAQ:STRL) last released its earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share (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 analyst estimates of $599.90 million. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. During the same quarter in the prior year, the company posted $1.26 earnings per share. On average, analysts predict that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current fiscal year.

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.