Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Ausbil Investment Management Ltd

Ausbil Investment Management Ltd decreased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 65.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,811 shares of the construction company's stock after selling 5,381 shares during the quarter. Ausbil Investment Management Ltd's holdings in Sterling Infrastructure were worth $318,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc raised its stake in Sterling Infrastructure by 355.8% in the 1st quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock worth $27,000 after acquiring an additional 185 shares during the last quarter. Opal Wealth Advisors LLC acquired a new position in shares of Sterling Infrastructure in the first quarter valued at about $28,000. SBI Securities Co. Ltd. purchased a new position in shares of Sterling Infrastructure in the fourth quarter worth about $39,000. Huntington National Bank lifted its holdings 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 purchasing an additional 74 shares during the period. Finally, National Bank of Canada FI purchased a new stake in Sterling Infrastructure in the fourth quarter valued at approximately $56,000. Hedge funds and other institutional investors own 80.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on STRL. DA Davidson raised their price target on shares of Sterling Infrastructure from $205.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Wall Street Zen upgraded shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

Sterling Infrastructure Stock Performance

Shares of STRL stock opened at $217.97 on Monday. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week high of $233.57. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.34. The stock has a market cap of $6.63 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 1.80 and a beta of 1.37. The business has a 50-day simple moving average of $178.59 and a 200-day simple moving average of $157.71.

Insiders Place Their Bets

In other Sterling Infrastructure news, Director Dana C. O'brien sold 10,154 shares of the company's stock in a transaction on 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 now directly owns 16,498 shares in the company, valued at approximately $3,408,156.84. This represents a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.70% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding STRL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.