Lazard Asset Management LLC Has $80,000 Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Lazard Asset Management LLC decreased its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRLGet Rating) by 26.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,695 shares of the construction company’s stock after selling 1,352 shares during the quarter. Lazard Asset Management LLC’s holdings in Sterling Infrastructure were worth $80,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC increased its position in shares of Sterling Infrastructure by 10.7% during the 2nd quarter. SG Americas Securities LLC now owns 4,873 shares of the construction company’s stock worth $107,000 after purchasing an additional 471 shares in the last quarter. Essex Investment Management Co. LLC increased its position in shares of Sterling Infrastructure by 0.3% during the 1st quarter. Essex Investment Management Co. LLC now owns 398,098 shares of the construction company’s stock worth $10,669,000 after purchasing an additional 997 shares in the last quarter. Prelude Capital Management LLC increased its position in shares of Sterling Infrastructure by 0.6% during the 1st quarter. Prelude Capital Management LLC now owns 173,359 shares of the construction company’s stock worth $4,646,000 after purchasing an additional 1,042 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Sterling Infrastructure during the 1st quarter worth about $38,000. Finally, Watershed Asset Management L.L.C. increased its position in shares of Sterling Infrastructure by 14.6% during the 2nd quarter. Watershed Asset Management L.L.C. now owns 11,485 shares of the construction company’s stock worth $252,000 after purchasing an additional 1,464 shares in the last quarter. Institutional investors and hedge funds own 79.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on STRL shares. DA Davidson dropped their target price on shares of Sterling Infrastructure to $34.00 in a research report on Tuesday, August 9th. StockNews.com upgraded shares of Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 2nd.

Sterling Infrastructure Stock Up 2.1 %

Shares of NASDAQ:STRL opened at $32.30 on Thursday. Sterling Infrastructure, Inc. has a 12 month low of $20.46 and a 12 month high of $33.62. The company’s 50-day moving average price is $26.45 and its two-hundred day moving average price is $24.81. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.93. The firm has a market cap of $979.66 million, a P/E ratio of 11.37, a P/E/G ratio of 0.56 and a beta of 1.32.

Insiders Place Their Bets

In other news, CEO Joseph A. Cutillo sold 19,677 shares of the firm’s stock in a transaction dated Thursday, November 3rd. The shares were sold at an average price of $30.56, for a total value of $601,329.12. Following the transaction, the chief executive officer now owns 759,607 shares of the company’s stock, valued at approximately $23,213,589.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.20% of the company’s stock.

Sterling Infrastructure Company Profile

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Sterling Infrastructure, Inc engages in the transportation, e-infrastructure, and building solutions primarily in the Southern United States, the Northeastern and Mid-Atlantic United States, the Rocky Mountain states, California, and Hawaii. It undertakes infrastructure and rehabilitation projects for highways, roads, bridges, airports, ports, light rail, water, wastewater, and storm drainage systems for the departments of transportation in various states, regional transit authorities, airport authorities, port authorities, water authorities and railroads.

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Institutional Ownership by Quarter for Sterling Infrastructure (NASDAQ:STRL)

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