Meeder Asset Management Inc. Increases Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Meeder Asset Management Inc. grew its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 126.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,752 shares of the construction company's stock after acquiring an additional 4,335 shares during the quarter. Meeder Asset Management Inc.'s holdings in Sterling Infrastructure were worth $1,306,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Axiom Investors LLC DE bought a new stake in shares of Sterling Infrastructure during the 4th quarter valued at $20,373,000. O Shaughnessy Asset Management LLC raised its holdings in Sterling Infrastructure by 11.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,069 shares of the construction company's stock worth $685,000 after purchasing an additional 408 shares during the period. Orion Portfolio Solutions LLC increased its stake in shares of Sterling Infrastructure by 33.9% in the fourth quarter. Orion Portfolio Solutions LLC now owns 1,911 shares of the construction company's stock worth $322,000 after purchasing an additional 484 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in shares of Sterling Infrastructure by 13.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 4,722 shares of the construction company's stock valued at $795,000 after acquiring an additional 572 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Sterling Infrastructure by 31.3% during the fourth quarter. JPMorgan Chase & Co. now owns 170,709 shares of the construction company's stock worth $28,756,000 after purchasing an additional 40,661 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Several equities research analysts have recently issued reports on STRL shares. 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 report on Thursday, February 27th. StockNews.com raised Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, William Blair started coverage on Sterling Infrastructure in a research report on Friday, January 17th. They issued an "outperform" rating on the stock.

Sterling Infrastructure Trading Down 7.0 %

Shares of NASDAQ STRL traded down $8.34 during mid-day trading on Thursday, reaching $110.13. 527,116 shares of the company's stock were exchanged, compared to its average volume of 412,443. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 1.28 and a beta of 1.32. The company's 50-day moving average is $130.45 and its 200-day moving average is $156.09. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-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.