Wasatch Advisors LP Sells 343,606 Shares of Cardinal Infrastructure Group Inc. $CDNL

Wasatch Advisors LP decreased its position in Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) by 49.6% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 349,444 shares of the company’s stock after selling 343,606 shares during the period. Wasatch Advisors LP’s holdings in Cardinal Infrastructure Group were worth $32,918,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. California State Teachers Retirement System acquired a new stake in Cardinal Infrastructure Group during the 1st quarter worth $28,000. Strs Ohio acquired a new position in Cardinal Infrastructure Group in the first quarter valued at about $87,000. Barclays PLC acquired a new position in Cardinal Infrastructure Group in the fourth quarter valued at about $152,000. Zuckerman Investment Group LLC bought a new stake in shares of Cardinal Infrastructure Group in the fourth quarter worth about $242,000. Finally, XTX Topco Ltd bought a new stake in shares of Cardinal Infrastructure Group in the fourth quarter worth about $242,000.

Cardinal Infrastructure Group Stock Performance

CDNL opened at $38.27 on Wednesday. The business’s 50-day moving average price is $70.12 and its two-hundred day moving average price is $50.16. Cardinal Infrastructure Group Inc. has a 1 year low of $21.98 and a 1 year high of $96.40. The company has a market capitalization of $1.64 billion and a price-to-earnings ratio of 166.39. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.73 and a quick ratio of 1.73.

Cardinal Infrastructure Group (NASDAQ:CDNL) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.22). The firm had revenue of $226.93 million during the quarter. Equities analysts expect that Cardinal Infrastructure Group Inc. will post 1.86 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Weiss Ratings upgraded Cardinal Infrastructure Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Monday, June 1st. Stifel Nicolaus raised their target price on shares of Cardinal Infrastructure Group from $41.00 to $63.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Zacks Research lowered shares of Cardinal Infrastructure Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Oppenheimer upped their price target on shares of Cardinal Infrastructure Group from $60.00 to $80.00 and gave the company an “outperform” rating in a report on Monday, June 15th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $59.33.

Insider Transactions at Cardinal Infrastructure Group

In other news, COO Benjamin Wood bought 20,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were purchased at an average price of $51.30 per share, for a total transaction of $1,026,000.00. Following the purchase, the chief operating officer owned 20,000 shares of the company’s stock, valued at approximately $1,026,000. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 61.70% of the company’s stock.

More Cardinal Infrastructure Group News

Here are the key news stories impacting Cardinal Infrastructure Group this week:

• Positive Sentiment: Cardinal reported second-quarter revenue of approximately $226.9 million, exceeding analysts’ expectations by about $47.8 million. The company also raised its 2026 revenue outlook to $880 million-$900 million, well above the roughly $715.5 million consensus estimate, reflecting stronger anticipated demand and operating growth. Cardinal Infrastructure Group Q2 results
• Positive Sentiment: The company announced plans to acquire Allied Paving, a move intended to expand Cardinal’s infrastructure and paving capabilities and potentially increase its addressable market. Management discussed the transaction and updated outlook during the earnings call. Cardinal Q2 results and Allied Paving acquisition
• Positive Sentiment: Cardinal was identified as a strong contributor in Wasatch Micro Cap Value Fund’s second-quarter portfolio review, providing a favorable institutional-investor signal. Wasatch Micro Cap Value Fund Q2 portfolio review
• Neutral Sentiment: A report showing zero short interest and a zero-day days-to-cover ratio offers little evidence of meaningful short-selling pressure, although the figures may reflect incomplete or unreliable data rather than a substantive change in positioning.
• Negative Sentiment: Second-quarter adjusted or GAAP EPS was $0.26, missing the $0.48 consensus estimate by $0.22. The earnings shortfall may be the primary reason the stock has decreased despite the revenue beat and improved sales outlook. Cardinal Infrastructure Group earnings report

Cardinal Infrastructure Group Company Profile

We provide a comprehensive suite of infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets. Our operations leverage a large highly skilled workforce and a fleet of specialized equipment to deliver wet utility installations (water, sewer, and stormwater systems), as well as grading, site clearing, erosion control, drilling and blasting, paving, and other related site services. We are becoming the platform of choice for a diverse array of infrastructure construction projects in our target geographies that require high-level technical expertise and sophistication.