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

Wasatch Advisors LP lessened its stake in Cardinal Infrastructure Group Inc. (NASDAQ:CDNL) by 49.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 349,444 shares of the company’s stock after selling 343,606 shares during the quarter. Wasatch Advisors LP owned about 0.82% of Cardinal Infrastructure Group worth $32,918,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CDNL. California State Teachers Retirement System bought a new stake in shares of Cardinal Infrastructure Group during the first quarter valued at approximately $28,000. Strs Ohio bought a new position in Cardinal Infrastructure Group in the 1st quarter worth approximately $87,000. Barclays PLC acquired a new position in Cardinal Infrastructure Group during the 4th quarter worth $152,000. Zuckerman Investment Group LLC acquired a new position in Cardinal Infrastructure Group during the 4th quarter worth $242,000. Finally, XTX Topco Ltd bought a new position in Cardinal Infrastructure Group in the 4th quarter valued at $242,000.

Key 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

Insider Transactions at Cardinal Infrastructure Group

In related news, COO Benjamin Wood bought 20,000 shares of Cardinal Infrastructure Group 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 completion of the acquisition, the chief operating officer owned 20,000 shares in the company, valued at approximately $1,026,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 61.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus boosted their target price on Cardinal Infrastructure Group from $41.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Oppenheimer upped their target price on shares of Cardinal Infrastructure Group from $60.00 to $80.00 and gave the company an “outperform” rating in a research report on Monday, June 15th. 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, Weiss Ratings upgraded shares of Cardinal Infrastructure Group from a “sell (e)” rating to a “sell (e+)” rating in a research report on Monday, June 1st. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $59.33.

Cardinal Infrastructure Group Stock Performance

CDNL stock opened at $38.27 on Wednesday. Cardinal Infrastructure Group Inc. has a twelve month low of $21.98 and a twelve month high of $96.40. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 0.73. The company has a market cap of $1.64 billion and a P/E ratio of 166.39. The business’s fifty day moving average is $70.12 and its 200-day moving average is $50.16.

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

Cardinal Infrastructure Group 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.