Capital Research Global Investors Boosts Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Capital Research Global Investors boosted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 78.5% in the fourth quarter, Holdings Channel reports. The fund owned 574,976 shares of the construction company’s stock after purchasing an additional 252,934 shares during the period. Capital Research Global Investors’ holdings in Sterling Infrastructure were worth $96,855,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of STRL. Barclays PLC grew its position in Sterling Infrastructure by 254.7% in the 3rd quarter. Barclays PLC now owns 56,945 shares of the construction company’s stock valued at $8,259,000 after buying an additional 40,891 shares during the last quarter. Invst LLC boosted its holdings in shares of Sterling Infrastructure by 17.6% in the third quarter. Invst LLC now owns 6,876 shares of the construction company’s stock valued at $997,000 after acquiring an additional 1,027 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Sterling Infrastructure during the third quarter worth about $732,000. Sanctuary Advisors LLC purchased a new position in Sterling Infrastructure during the third quarter worth about $488,000. Finally, World Investment Advisors LLC acquired a new stake in Sterling Infrastructure in the third quarter valued at about $4,395,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STRL has been the topic of several recent analyst reports. StockNews.com cut Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Wednesday, April 9th. William Blair started coverage on Sterling Infrastructure in a report on Friday, January 17th. They set an “outperform” rating on the stock. Finally, DA Davidson raised Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a report on Thursday, February 27th.

Sterling Infrastructure Trading Down 0.1 %

Shares of Sterling Infrastructure stock opened at $140.27 on Monday. The company has a 50-day moving average of $124.01 and a two-hundred day moving average of $154.61. Sterling Infrastructure, Inc. has a 12-month low of $93.50 and a 12-month high of $206.07. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market cap of $4.27 billion, a PE ratio of 23.69, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19.

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.