Janus Henderson Group PLC Reduces Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Janus Henderson Group PLC trimmed its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 33.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,631 shares of the construction company's stock after selling 18,126 shares during the quarter. Janus Henderson Group PLC owned about 0.12% of Sterling Infrastructure worth $6,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of STRL. Vanguard Group Inc. increased its stake in Sterling Infrastructure by 30.0% during the 4th quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock valued at $425,135,000 after purchasing an additional 581,847 shares in the last quarter. Invesco Ltd. increased its stake in Sterling Infrastructure by 22.5% during the 4th quarter. Invesco Ltd. now owns 757,273 shares of the construction company's stock valued at $127,563,000 after purchasing an additional 139,081 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Sterling Infrastructure by 7.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company's stock valued at $111,873,000 after purchasing an additional 49,008 shares in the last quarter. Capital Research Global Investors increased its stake in Sterling Infrastructure by 78.5% during the 4th quarter. Capital Research Global Investors now owns 574,976 shares of the construction company's stock valued at $96,855,000 after purchasing an additional 252,934 shares in the last quarter. Finally, GW&K Investment Management LLC increased its stake in Sterling Infrastructure by 3.4% during the 4th quarter. GW&K Investment Management LLC now owns 363,251 shares of the construction company's stock valued at $61,190,000 after purchasing an additional 12,064 shares in the last quarter. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Stock Performance

Shares of NASDAQ STRL traded down $5.10 during trading on Wednesday, reaching $182.09. 521,127 shares of the company traded hands, compared to its average volume of 497,477. The firm has a 50 day simple moving average of $143.10 and a 200-day simple moving average of $156.18. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $5.54 billion, a PE ratio of 30.76, a P/E/G ratio of 1.28 and a beta of 1.27. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week high of $206.07.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on STRL shares. DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a research note on Thursday, February 27th. StockNews.com lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th.

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.