Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Acquired by Boston Partners

Boston Partners increased its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 182,732 shares of the construction company's stock after acquiring an additional 4,244 shares during the quarter. Boston Partners owned approximately 0.60% of Sterling Infrastructure worth $30,983,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp increased its stake in Sterling Infrastructure by 0.7% in the third quarter. State Street Corp now owns 713,234 shares of the construction company's stock valued at $103,433,000 after purchasing an additional 5,106 shares during the period. Bay Rivers Group acquired a new position in Sterling Infrastructure in the 4th quarter valued at about $341,000. Convergence Investment Partners LLC raised its stake in Sterling Infrastructure by 47.7% during the 4th quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company's stock valued at $1,566,000 after acquiring an additional 3,002 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Sterling Infrastructure by 7.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company's stock valued at $111,873,000 after acquiring an additional 49,008 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in Sterling Infrastructure during the 4th quarter worth approximately $253,000. Hedge funds and other institutional investors own 80.95% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on STRL. William Blair assumed coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating on the stock. StockNews.com raised shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday, March 6th. Finally, DA Davidson upgraded 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.

Sterling Infrastructure Stock Performance

NASDAQ STRL traded up $7.32 on Monday, hitting $133.95. 400,721 shares of the company's stock were exchanged, compared to its average volume of 394,203. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The firm's 50-day moving average price is $140.05 and its two-hundred day moving average price is $156.03. The firm has a market cap of $4.10 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 1.28 and a beta of 1.32. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07.

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.