Cibc World Markets Corp Takes Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Cibc World Markets Corp purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,791 shares of the construction company's stock, valued at approximately $470,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Kovack Advisors Inc. raised its holdings in Sterling Infrastructure by 3.2% during the fourth quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company's stock valued at $491,000 after buying an additional 91 shares in the last quarter. Willis Investment Counsel increased its holdings in shares of Sterling Infrastructure by 1.4% during the 4th quarter. Willis Investment Counsel now owns 7,535 shares of the construction company's stock valued at $1,269,000 after acquiring an additional 101 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Sterling Infrastructure by 7.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,980 shares of the construction company's stock valued at $334,000 after acquiring an additional 137 shares in the last quarter. Quarry LP raised its stake in shares of Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company's stock valued at $25,000 after acquiring an additional 143 shares in the last quarter. Finally, Aprio Wealth Management LLC lifted its holdings in Sterling Infrastructure by 5.4% in the 4th quarter. Aprio Wealth Management LLC now owns 3,161 shares of the construction company's stock worth $532,000 after purchasing an additional 161 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Remove Ads

Sterling Infrastructure Stock Performance

STRL traded down $8.56 during midday trading on Thursday, reaching $117.00. The company's stock had a trading volume of 641,847 shares, compared to its average volume of 396,264. 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 company has a fifty day simple moving average of $137.65 and a 200 day simple moving average of $156.14. The stock has a market cap of $3.58 billion, a P/E ratio of 19.76, a PEG ratio of 1.28 and a beta of 1.32. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $206.07.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on STRL shares. StockNews.com lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Monday. William Blair initiated coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an "outperform" rating on the stock. Finally, 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 report on Thursday, February 27th.

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.