Concurrent Investment Advisors LLC Sells 848 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Concurrent Investment Advisors LLC lowered its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 16.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,357 shares of the construction company’s stock after selling 848 shares during the period. Concurrent Investment Advisors LLC’s holdings in Sterling Infrastructure were worth $734,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Creative Planning boosted its stake in Sterling Infrastructure by 53.5% in the 3rd quarter. Creative Planning now owns 4,687 shares of the construction company’s stock worth $680,000 after purchasing an additional 1,634 shares during the period. Blue Trust Inc. boosted its position in shares of Sterling Infrastructure by 16.6% during the third quarter. Blue Trust Inc. now owns 1,246 shares of the construction company’s stock worth $181,000 after acquiring an additional 177 shares during the last quarter. Signaturefd LLC boosted its position in shares of Sterling Infrastructure by 119.3% during the third quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock worth $43,000 after acquiring an additional 161 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Sterling Infrastructure by 14,112.0% during the 3rd quarter. International Assets Investment Management LLC now owns 142,120 shares of the construction company’s stock valued at $20,610,000 after purchasing an additional 141,120 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Sterling Infrastructure during the 3rd quarter valued at about $437,000. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Price Performance

NASDAQ:STRL opened at $116.29 on Monday. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 1.28 and a beta of 1.24. The business has a 50 day simple moving average of $160.76 and a 200-day simple moving average of $155.00. Sterling Infrastructure, Inc. has a 1 year low of $83.40 and a 1 year high of $206.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

Wall Street Analyst Weigh In

Several equities analysts have commented on STRL shares. William Blair started coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating for the company. StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday.

Insider Buying and Selling

In other news, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the sale, the director now owns 25,901 shares in the company, valued at approximately $4,555,726.89. This trade represents a 7.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is owned by corporate insiders.

Sterling Infrastructure 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.