Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 26.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,200 shares of the construction company's stock after selling 21,900 shares during the quarter. Envestnet Asset Management Inc. owned about 0.20% of Sterling Infrastructure worth $10,141,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of STRL. SBI Securities Co. Ltd. acquired a new position in shares of Sterling Infrastructure during the fourth quarter worth about $39,000. Huntington National Bank raised its holdings in shares of Sterling Infrastructure by 34.6% during the 4th 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. National Bank of Canada FI acquired a new position in Sterling Infrastructure during the 4th quarter worth approximately $56,000. Arcadia Investment Management Corp MI purchased a new position in Sterling Infrastructure in the 4th quarter worth approximately $71,000. Finally, Venturi Wealth Management LLC grew its position in Sterling Infrastructure by 1,369.0% in the fourth quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock valued at $104,000 after acquiring an additional 575 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on STRL. William Blair assumed coverage on shares of Sterling Infrastructure in a research note 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 price objective for the company in a research report on Thursday, February 27th. Finally, StockNews.com lowered Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th.

Sterling Infrastructure Stock Up 0.8 %

STRL stock traded up $1.12 during mid-day trading on Thursday, hitting $141.20. 135,490 shares of the company were exchanged, compared to its average volume of 788,858. The firm has a fifty day simple moving average of $124.06 and a 200 day simple moving average of $154.26. The company has a market capitalization of $4.29 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve 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 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.