Banque Cantonale Vaudoise Acquires Shares of 5,000 Sterling Infrastructure, Inc. (NASDAQ:STRL)

Banque Cantonale Vaudoise acquired a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,000 shares of the construction company’s stock, valued at approximately $566,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Assetmark Inc. grew its position in Sterling Infrastructure by 5.4% during the first quarter. Assetmark Inc. now owns 1,372 shares of the construction company’s stock worth $155,000 after buying an additional 70 shares in the last quarter. Huntington National Bank lifted 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 acquiring an additional 74 shares during the period. Peterson Wealth Services grew its holdings in shares of Sterling Infrastructure by 2.1% during the 1st quarter. Peterson Wealth Services now owns 5,054 shares of the construction company’s stock worth $572,000 after purchasing an additional 103 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of Sterling Infrastructure by 5.0% in the first quarter. D.A. Davidson & CO. now owns 2,424 shares of the construction company’s stock worth $274,000 after purchasing an additional 116 shares during the period. Finally, JT Stratford LLC raised its stake in Sterling Infrastructure by 1.0% in the fourth quarter. JT Stratford LLC now owns 12,465 shares of the construction company’s stock valued at $2,100,000 after purchasing an additional 121 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Insider Buying and Selling at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 3,500 shares of the stock in a transaction on 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 approximately $6,621,379.05. This represents a 10.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Dana C. O’brien sold 10,154 shares of the company’s stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $206.58, for a total value 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 approximately $3,408,156.84. The trade was a 38.10% decrease in their position. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL opened at $263.05 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 company has a market cap of $8.00 billion, a price-to-earnings ratio of 30.73, a PEG ratio of 2.21 and a beta of 1.40. The firm has a 50 day simple moving average of $226.09 and a 200 day simple moving average of $171.99.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on STRL shares. Wall Street Zen cut shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. DA Davidson increased 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.

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.