Legato Capital Management LLC Has $3.99 Million Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Legato Capital Management LLC grew its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,707 shares of the construction company’s stock after acquiring an additional 922 shares during the quarter. Sterling Infrastructure accounts for approximately 0.5% of Legato Capital Management LLC’s investment portfolio, making the stock its 24th largest position. Legato Capital Management LLC owned 0.08% of Sterling Infrastructure worth $3,993,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Quarry LP grew its holdings in shares of Sterling Infrastructure by 510.7% during the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after purchasing an additional 143 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Sterling Infrastructure in the third quarter valued at approximately $26,000. Huntington National Bank grew its stake in shares of Sterling Infrastructure by 21,300.0% during the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock worth $31,000 after buying an additional 213 shares during the last quarter. Signaturefd LLC increased its holdings 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 buying an additional 161 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Sterling Infrastructure by 45.2% during the third quarter. GAMMA Investing LLC now owns 302 shares of the construction company’s stock worth $44,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Trading Down 3.8 %

Shares of NASDAQ STRL opened at $144.88 on Wednesday. The firm has a 50 day moving average price of $171.26 and a two-hundred day moving average price of $153.62. The stock has a market cap of $4.45 billion, a P/E ratio of 24.47, a price-to-earnings-growth ratio of 1.53 and a beta of 1.24. Sterling Infrastructure, Inc. has a 52-week low of $76.01 and a 52-week high of $206.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

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 stock was sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the transaction, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on STRL. StockNews.com downgraded Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. William Blair initiated coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating on the stock.

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.