GSA Capital Partners LLP Invests $1.06 Million in Sterling Infrastructure, Inc. (NASDAQ:STRL)

GSA Capital Partners LLP bought a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the first quarter, according to its most recent filing with the SEC. The firm bought 9,318 shares of the construction company’s stock, valued at approximately $1,055,000.

Other institutional investors have also recently bought and sold shares of the company. Pacer Advisors Inc. bought a new stake in shares of Sterling Infrastructure in the first quarter valued at approximately $28,689,000. Capital Research Global Investors raised its stake in Sterling Infrastructure by 78.5% during the 4th quarter. Capital Research Global Investors now owns 574,976 shares of the construction company’s stock valued at $96,855,000 after purchasing an additional 252,934 shares during the last quarter. First Trust Advisors LP boosted its holdings in Sterling Infrastructure by 74.1% in the 4th quarter. First Trust Advisors LP now owns 356,339 shares of the construction company’s stock valued at $60,025,000 after purchasing an additional 151,642 shares during the period. Invesco Ltd. grew its position in Sterling Infrastructure by 22.5% in the 4th quarter. Invesco Ltd. now owns 757,273 shares of the construction company’s stock worth $127,563,000 after purchasing an additional 139,081 shares during the last quarter. Finally, GW&K Investment Management LLC increased its holdings in shares of Sterling Infrastructure by 37.7% during the 1st quarter. GW&K Investment Management LLC now owns 500,028 shares of the construction company’s stock worth $56,608,000 after purchasing an additional 136,777 shares during the period. Institutional investors own 80.95% of the company’s stock.

Insiders Place Their Bets

In other news, Director Dana C. O’brien sold 10,154 shares of Sterling Infrastructure 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 sale, the director directly owned 16,498 shares in the company, valued at approximately $3,408,156.84. The trade was a 38.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Mark D. Wolf sold 3,500 shares of the stock in a transaction dated Tuesday, June 24th. The stock was 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 trade represents a 10.67% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Sterling Infrastructure Stock Up 1.6%

Shares of STRL stock opened at $267.59 on Friday. Sterling Infrastructure, Inc. has a one year low of $93.50 and a one year high of $270.38. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.32 and a quick ratio of 1.32. The stock has a fifty day moving average price of $222.81 and a 200 day moving average price of $170.63. The stock has a market cap of $8.14 billion, a P/E ratio of 31.26, a price-to-earnings-growth ratio of 2.18 and a beta of 1.40.

Analysts Set New Price Targets

A number of brokerages have recently commented on STRL. DA Davidson upped their price objective on shares of Sterling Infrastructure from $205.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, June 18th. Wall Street Zen cut Sterling Infrastructure from a “buy” rating to a “hold” rating in a 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.