Universal Beteiligungs und Servicegesellschaft mbH Lowers Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has significantly reduced its stake in Sterling Infrastructure, Inc. by 89.1%, selling 36,561 shares and leaving it with 4,483 shares valued at approximately $508,000.
• Several institutional investors have increased their positions in Sterling Infrastructure, with Capital Research Global Investors raising its stake by 78.5% to nearly $97 million.
• Sterling Infrastructure's stock received a downgrade from a "buy" to a "hold" rating by Wall Street Zen, while DA Davidson raised the company's price target from $205.00 to $265.00.

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 89.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,483 shares of the construction company's stock after selling 36,561 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Sterling Infrastructure were worth $508,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in STRL. Sunbelt Securities Inc. raised its holdings in shares of Sterling Infrastructure by 689.7% during 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 in the last quarter. Versant Capital Management Inc grew its position in Sterling Infrastructure by 355.8% during 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 bought a new position in Sterling Infrastructure during the 1st quarter worth approximately $28,000. Huntington National Bank grew its position in Sterling Infrastructure by 34.6% during 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. Finally, SBI Securities Co. Ltd. grew its position in Sterling Infrastructure by 111.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 488 shares of the construction company's stock worth $55,000 after acquiring an additional 257 shares during the last quarter. Institutional investors own 80.95% of the company's stock.

Insider Buying and Selling at Sterling Infrastructure

In related news, Director Dana C. O'brien sold 10,154 shares of the company's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $206.58, for a total transaction of $2,097,613.32. Following the completion of the sale, the director owned 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the general counsel directly owned 29,315 shares in the company, valued at $6,621,379.05. This trade represents a 10.67% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is owned by insiders.

Sterling Infrastructure Stock Up 9.1%

Sterling Infrastructure stock traded up $24.84 during mid-day trading on Tuesday, hitting $296.58. The company had a trading volume of 1,286,306 shares, compared to its average volume of 672,638. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.34. The stock's 50 day moving average price is $227.84 and its two-hundred day moving average price is $172.53. Sterling Infrastructure, Inc. has a 12 month low of $96.34 and a 12 month high of $321.79. The company has a market capitalization of $9.02 billion, a PE ratio of 34.65, a price-to-earnings-growth ratio of 2.18 and a beta of 1.45.

Wall Street Analysts Forecast Growth

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

About Sterling Infrastructure

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.