Asset Management One Co. Ltd. Increases Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Asset Management One Co. Ltd. increased its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,671 shares of the construction company's stock after acquiring an additional 2,156 shares during the period. Asset Management One Co. Ltd. owned approximately 0.12% of Sterling Infrastructure worth $6,499,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning boosted its position in shares of Sterling Infrastructure by 53.5% in the 3rd quarter. Creative Planning now owns 4,687 shares of the construction company's stock worth $680,000 after purchasing an additional 1,634 shares in the last quarter. Blue Trust Inc. raised its stake in Sterling Infrastructure by 16.6% during the third quarter. Blue Trust Inc. now owns 1,246 shares of the construction company's stock valued at $181,000 after buying an additional 177 shares during the last quarter. Signaturefd LLC boosted its holdings in Sterling Infrastructure by 119.3% in the third quarter. Signaturefd LLC now owns 296 shares of the construction company's stock worth $43,000 after acquiring an additional 161 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Sterling Infrastructure by 14,112.0% in the third quarter. International Assets Investment Management LLC now owns 142,120 shares of the construction company's stock worth $20,610,000 after acquiring an additional 141,120 shares during the last quarter. Finally, CWC Advisors LLC. bought a new position in shares of Sterling Infrastructure during the third quarter valued at $412,000. Hedge funds and other institutional investors own 80.95% of the company's stock.

Insider Activity

In other Sterling Infrastructure news, Director Dana C. O'brien sold 2,000 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the transaction, the director now owns 25,901 shares of the company's stock, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on STRL. StockNews.com raised Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Thursday. William Blair began coverage on shares of Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating for the company.

Sterling Infrastructure Stock Down 6.4 %

STRL stock traded down $7.98 during midday trading on Friday, hitting $116.29. The company's stock had a trading volume of 666,456 shares, compared to its average volume of 508,850. The company has a market cap of $3.57 billion, a PE ratio of 19.64, a P/E/G ratio of 1.31 and a beta of 1.24. The firm's 50-day moving average is $162.04 and its 200-day moving average is $154.21. Sterling Infrastructure, Inc. has a 12 month low of $83.40 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.

Sterling Infrastructure Company Profile

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.