Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP lowered its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 23.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,819 shares of the construction company’s stock after selling 30,396 shares during the quarter. Wasatch Advisors LP owned approximately 0.32% of Sterling Infrastructure worth $10,901,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in STRL. UBS Group AG lifted its stake in Sterling Infrastructure by 18.0% during the third quarter. UBS Group AG now owns 40,021 shares of the construction company’s stock worth $2,941,000 after purchasing an additional 6,099 shares during the last quarter. Northern Trust Corp lifted its stake in Sterling Infrastructure by 1.9% during the third quarter. Northern Trust Corp now owns 362,843 shares of the construction company’s stock worth $26,662,000 after purchasing an additional 6,765 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in Sterling Infrastructure by 310.8% during the third quarter. Qube Research & Technologies Ltd now owns 143,520 shares of the construction company’s stock worth $10,546,000 after purchasing an additional 108,582 shares during the last quarter. Gotham Asset Management LLC lifted its stake in Sterling Infrastructure by 24.5% during the third quarter. Gotham Asset Management LLC now owns 25,472 shares of the construction company’s stock worth $1,872,000 after purchasing an additional 5,008 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Sterling Infrastructure by 47.3% during the third quarter. Lazard Asset Management LLC now owns 14,128 shares of the construction company’s stock worth $1,038,000 after purchasing an additional 4,535 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

STRL traded down $1.80 during trading hours on Tuesday, hitting $112.96. 311,091 shares of the stock were exchanged, compared to its average volume of 367,234. The stock has a 50-day simple moving average of $118.10 and a 200-day simple moving average of $101.47. Sterling Infrastructure, Inc. has a 12 month low of $54.84 and a 12 month high of $137.63. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 23.48 and a beta of 1.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.25 and a quick ratio of 1.25.

Sterling Infrastructure (NASDAQ:STRL) last announced its quarterly earnings data on Monday, May 6th. The construction company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.18. The firm had revenue of $440.36 million for the quarter, compared to analysts’ expectations of $453.30 million. Sterling Infrastructure had a return on equity of 25.06% and a net margin of 7.47%. Analysts anticipate that Sterling Infrastructure, Inc. will post 5.3 earnings per share for the current year.

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.