Algert Global LLC Has $3.79 Million Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Algert Global LLC boosted its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 34.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,141 shares of the construction company’s stock after purchasing an additional 6,630 shares during the quarter. Algert Global LLC’s holdings in Sterling Infrastructure were worth $3,791,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STRL. Vanguard Group Inc. boosted its position in shares of Sterling Infrastructure by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 1,887,792 shares of the construction company’s stock worth $208,242,000 after purchasing an additional 8,851 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Sterling Infrastructure by 7.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 2,707 shares of the construction company’s stock worth $299,000 after acquiring an additional 178 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in Sterling Infrastructure by 149.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 7,166 shares of the construction company’s stock valued at $790,000 after acquiring an additional 4,289 shares during the period. Public Employees Retirement Association of Colorado acquired a new position in shares of Sterling Infrastructure during the first quarter worth approximately $462,000. Finally, Bayesian Capital Management LP acquired a new position in shares of Sterling Infrastructure during the first quarter worth approximately $450,000. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Price Performance

STRL stock opened at $196.33 on Tuesday. 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 business has a 50-day simple moving average of $160.49 and a two-hundred day simple moving average of $132.45. The company has a market capitalization of $6.03 billion, a P/E ratio of 33.16, a price-to-earnings-growth ratio of 2.20 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 announced its quarterly 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. Sterling Infrastructure had a return on equity of 27.52% and a net margin of 8.77%. The business had revenue of $593.74 million during the quarter, compared to the consensus estimate of $599.90 million. During the same quarter in the prior year, the company posted $1.26 earnings per share. Research analysts expect that Sterling Infrastructure, Inc. will post 5.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, EVP Ronald A. Ballschmiede sold 18,700 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $143.59, for a total value of $2,685,133.00. Following the transaction, the executive vice president now owns 248,471 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is owned by 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.