Promethos Capital LLC Takes Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Promethos Capital LLC purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,000 shares of the construction company's stock, valued at approximately $1,684,000.

A number of other hedge funds have also recently added to or reduced their stakes in STRL. SBI Securities Co. Ltd. acquired a new position in Sterling Infrastructure in the 4th quarter valued at $39,000. Huntington National Bank increased its stake in shares of Sterling Infrastructure by 34.6% in the fourth quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after purchasing an additional 74 shares during the period. National Bank of Canada FI bought a new stake in Sterling Infrastructure during the fourth quarter worth approximately $56,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Sterling Infrastructure during the fourth quarter worth $71,000. Finally, Venturi Wealth Management LLC lifted its stake in Sterling Infrastructure by 1,369.0% in the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock worth $104,000 after acquiring an additional 575 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on STRL. William Blair started coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an "outperform" rating on the stock. StockNews.com downgraded Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. Finally, DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a report on Thursday, February 27th.

Sterling Infrastructure Price Performance

STRL stock traded down $0.17 during trading on Friday, reaching $140.27. 1,045,290 shares of the company were exchanged, compared to its average volume of 478,502. The company has a 50-day moving average of $124.10 and a two-hundred day moving average of $154.50. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 23.69, a P/E/G 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 debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

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.