Integrated Quantitative Investments LLC Invests $1.35 Million in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Integrated Quantitative Investments LLC purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,024 shares of the construction company's stock, valued at approximately $1,352,000. Sterling Infrastructure accounts for approximately 0.7% of Integrated Quantitative Investments LLC's investment portfolio, making the stock its 27th largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of STRL. Thoroughbred Financial Services LLC raised its holdings in Sterling Infrastructure by 1.8% during the fourth quarter. Thoroughbred Financial Services LLC now owns 12,435 shares of the construction company's stock worth $2,094,000 after purchasing an additional 215 shares in the last quarter. Bryce Point Capital LLC bought a new stake in shares of Sterling Infrastructure in the 4th quarter worth $562,000. Huntington National Bank lifted its holdings in shares of Sterling Infrastructure by 34.6% in the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after buying an additional 74 shares during the period. Headlands Technologies LLC bought a new position in Sterling Infrastructure during the fourth quarter valued at about $601,000. Finally, National Bank of Canada FI acquired a new position in Sterling Infrastructure during the fourth quarter worth about $56,000. 80.95% of the stock is currently owned by institutional investors.

Sterling Infrastructure Trading Up 5.6 %

NASDAQ STRL traded up $6.35 on Wednesday, hitting $120.18. 396,397 shares of the company were exchanged, compared to its average volume of 662,410. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $206.07. The firm has a market capitalization of $3.66 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19. The company's 50 day moving average price is $125.33 and its 200-day moving average price is $155.12.

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Analyst Ratings Changes

STRL has been the subject of a number of research analyst reports. William Blair initiated coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating for the company. DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price for the company in a research note on Thursday, February 27th. Finally, StockNews.com upgraded shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Tuesday, April 1st.

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.