Janus Henderson Group PLC Sells 18,126 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Janus Henderson Group PLC cut its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 33.7% in the fourth quarter, HoldingsChannel reports. The fund owned 35,631 shares of the construction company’s stock after selling 18,126 shares during the period. Janus Henderson Group PLC’s holdings in Sterling Infrastructure were worth $6,003,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of STRL. Barclays PLC raised its stake in shares of Sterling Infrastructure by 254.7% in the third quarter. Barclays PLC now owns 56,945 shares of the construction company’s stock worth $8,259,000 after acquiring an additional 40,891 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Sterling Infrastructure during the 4th quarter worth approximately $253,000. Diversify Wealth Management LLC grew its position in shares of Sterling Infrastructure by 18.7% during the 4th quarter. Diversify Wealth Management LLC now owns 5,320 shares of the construction company’s stock worth $870,000 after buying an additional 838 shares during the period. Koshinski Asset Management Inc. acquired a new stake in shares of Sterling Infrastructure during the 4th quarter worth approximately $1,041,000. Finally, Perpetual Ltd grew its position in shares of Sterling Infrastructure by 31.7% during the 4th quarter. Perpetual Ltd now owns 4,375 shares of the construction company’s stock worth $737,000 after buying an additional 1,054 shares during the period. 80.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on STRL shares. StockNews.com cut shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Wednesday, April 9th. DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research report on Thursday, February 27th.

Sterling Infrastructure Stock Up 2.0%

Shares of NASDAQ:STRL opened at $188.57 on Friday. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 31.85, a P/E/G ratio of 1.28 and a beta of 1.27. The company has a 50 day moving average of $140.32 and a 200-day moving average of $155.73. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Sterling Infrastructure, Inc. has a one year low of $93.50 and a one year high of $206.07.

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.