Robeco Schweiz AG Sells 19,300 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Robeco Schweiz AG trimmed its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 58.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,000 shares of the construction company's stock after selling 19,300 shares during the quarter. Robeco Schweiz AG's holdings in Sterling Infrastructure were worth $1,585,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Huntington National Bank increased its position in shares of 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 acquiring an additional 74 shares in the last quarter. D.A. Davidson & CO. lifted its stake in Sterling Infrastructure by 5.0% in the 1st quarter. D.A. Davidson & CO. now owns 2,424 shares of the construction company's stock worth $274,000 after purchasing an additional 116 shares in the last quarter. JT Stratford LLC raised its position in shares of Sterling Infrastructure by 1.0% during the 4th quarter. JT Stratford LLC now owns 12,465 shares of the construction company's stock valued at $2,100,000 after buying an additional 121 shares in the last quarter. Xponance Inc. grew its holdings in shares of Sterling Infrastructure by 6.5% during the 4th quarter. Xponance Inc. now owns 2,144 shares of the construction company's stock valued at $361,000 after purchasing an additional 131 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Sterling Infrastructure by 7.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,980 shares of the construction company's stock valued at $334,000 after purchasing an additional 137 shares during the last quarter. Institutional investors own 80.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. DA Davidson increased their price target on shares of Sterling Infrastructure from $205.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Wall Street Zen lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th.

Insider Activity

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

Sterling Infrastructure Stock Performance

NASDAQ STRL traded down $2.69 during trading hours on Tuesday, hitting $238.62. The company had a trading volume of 447,496 shares, compared to its average volume of 526,249. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.32 and a current ratio of 1.32. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $246.93. The company has a market cap of $7.26 billion, a PE ratio of 27.88, a price-to-earnings-growth ratio of 2.00 and a beta of 1.40. The business has a 50 day moving average of $204.46 and a 200-day moving average of $163.15.

Sterling Infrastructure Company 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.