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

Pathstone Holdings LLC increased its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 157.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of Sterling Infrastructure in the 3rd quarter worth about $26,000. Hantz Financial Services Inc. purchased a new stake in Sterling Infrastructure in the second quarter worth about $30,000. Huntington National Bank lifted its holdings in Sterling Infrastructure by 21,300.0% in the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after buying an additional 213 shares during the period. Nisa Investment Advisors LLC boosted its position in Sterling Infrastructure by 391.1% during the 2nd quarter. Nisa Investment Advisors LLC now owns 275 shares of the construction company’s stock valued at $33,000 after acquiring an additional 219 shares in the last quarter. Finally, Crewe Advisors LLC grew its holdings in shares of Sterling Infrastructure by 85.4% during the 2nd quarter. Crewe Advisors LLC now owns 293 shares of the construction company’s stock worth $35,000 after acquiring an additional 135 shares during the period. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Down 1.8 %

Shares of Sterling Infrastructure stock opened at $195.41 on Friday. Sterling Infrastructure, Inc. has a 1 year low of $62.13 and a 1 year high of $203.49. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 33.01, a PEG ratio of 2.20 and a beta of 1.15. The company has a 50-day moving average of $165.38 and a 200 day moving average of $134.30. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Sterling Infrastructure (NASDAQ:STRL) last announced its earnings results on Wednesday, November 6th. The construction company reported $1.97 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.29. Sterling Infrastructure had a net margin of 8.77% and a return on equity of 27.52%. The business had revenue of $593.74 million during the quarter, compared to the consensus estimate of $599.90 million. During the same quarter last year, the firm earned $1.26 earnings per share. As a group, sell-side analysts anticipate that Sterling Infrastructure, Inc. will post 5.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity at Sterling Infrastructure

In related news, EVP Ronald A. Ballschmiede sold 18,700 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 248,471 shares of the company’s stock, valued at approximately $35,677,950.89. This represents a 7.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is owned by corporate insiders.

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.