Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC reduced its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 12.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,706 shares of the construction company's stock after selling 3,001 shares during the period. Legato Capital Management LLC owned about 0.07% of Sterling Infrastructure worth $2,344,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Sunbelt Securities Inc. grew its holdings in Sterling Infrastructure by 689.7% in the 1st quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company's stock valued at $26,000 after buying an additional 200 shares during the period. Versant Capital Management Inc grew its position 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 purchasing an additional 185 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Sterling Infrastructure during the 1st quarter worth about $28,000. Huntington National Bank boosted its position in shares of Sterling Infrastructure by 34.6% during the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after purchasing an additional 74 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Sterling Infrastructure by 111.3% in the first quarter. SBI Securities Co. Ltd. now owns 488 shares of the construction company's stock worth $55,000 after buying an additional 257 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Sterling Infrastructure

In other Sterling Infrastructure news, General Counsel Mark D. Wolf sold 3,500 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Dana C. O'brien sold 10,154 shares of Sterling Infrastructure 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 directly owned 16,498 shares of the company's stock, valued at $3,408,156.84. The trade was a 38.10% decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Stock Performance

NASDAQ:STRL opened at $242.01 on Wednesday. The stock's fifty day moving average is $212.74 and its 200 day moving average is $166.27. The firm has a market capitalization of $7.36 billion, a PE ratio of 28.27, a PEG ratio of 2.05 and a beta of 1.40. 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 fifty-two week low of $93.50 and a fifty-two week high of $255.59.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on STRL. DA Davidson lifted their target price on shares of Sterling Infrastructure from $205.00 to $265.00 and gave the company 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.

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.

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