Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC decreased its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 33.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,631 shares of the construction company's stock after selling 18,126 shares during the period. Janus Henderson Group PLC owned approximately 0.12% of Sterling Infrastructure worth $6,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in Sterling Infrastructure in the 4th quarter worth $39,000. Huntington National Bank raised its stake in Sterling Infrastructure by 34.6% in the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock worth $49,000 after acquiring an additional 74 shares during the last quarter. National Bank of Canada FI purchased a new position in Sterling Infrastructure in the 4th quarter worth $56,000. Arcadia Investment Management Corp MI purchased a new position in Sterling Infrastructure in the 4th quarter worth $71,000. Finally, Venturi Wealth Management LLC raised its stake in Sterling Infrastructure by 1,369.0% in the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock worth $104,000 after acquiring an additional 575 shares during the last quarter. Hedge funds and other institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock traded up $2.11 during mid-day trading on Friday, hitting $184.40. The company had a trading volume of 330,518 shares, compared to its average volume of 499,359. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 12-month low of $93.50 and a 12-month high of $206.07. The company's fifty day moving average is $146.88 and its 200-day moving average is $156.76. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 31.15, a P/E/G ratio of 1.28 and a beta of 1.27.

Analyst Ratings Changes

Several equities analysts have recently issued reports on STRL shares. Wall Street Zen raised Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Thursday. DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective for the company in a report on Thursday, February 27th.

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.