Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Bought by Cerity Partners LLC

Cerity Partners LLC lifted its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 40.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,601 shares of the construction company's stock after acquiring an additional 1,916 shares during the period. Cerity Partners LLC's holdings in Sterling Infrastructure were worth $747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its stake in shares of Sterling Infrastructure by 689.7% in the first quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company's stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Versant Capital Management Inc lifted its position in Sterling Infrastructure by 355.8% during the first quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock worth $27,000 after buying an additional 185 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in Sterling Infrastructure during the first quarter worth approximately $28,000. Huntington National Bank lifted its position in Sterling Infrastructure by 34.6% during the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock worth $49,000 after buying an additional 74 shares in the last quarter. Finally, National Bank of Canada FI purchased a new position in Sterling Infrastructure during the fourth quarter worth approximately $56,000. 80.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Sterling Infrastructure

In related news, Director Dana C. O'brien sold 10,154 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $206.58, for a total value of $2,097,613.32. Following the completion of the sale, the director directly owned 16,498 shares of the company's stock, valued at $3,408,156.84. This represents a 38.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Mark D. Wolf sold 3,500 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $225.87, for a total value of $790,545.00. Following the completion of the sale, the general counsel directly owned 29,315 shares of the company's stock, valued at approximately $6,621,379.05. This trade represents a 10.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

Sterling Infrastructure Stock Up 6.1%

Shares of STRL traded up $15.46 during mid-day trading on Friday, reaching $268.14. The company's stock had a trading volume of 559,222 shares, compared to its average volume of 672,064. Sterling Infrastructure, Inc. has a 12-month low of $93.50 and a 12-month high of $269.44. The stock has a market cap of $8.15 billion, a PE ratio of 31.32, a price-to-earnings-growth ratio of 2.09 and a beta of 1.40. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.32 and a quick ratio of 1.32. The company's 50 day moving average is $216.50 and its 200 day moving average is $167.91.

Analysts Set New Price Targets

A number of research firms have commented on STRL. DA Davidson lifted their target price on Sterling Infrastructure from $205.00 to $265.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Wall Street Zen lowered Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th.

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.