Sei Investments Co. Sells 5,663 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Sei Investments Co. decreased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 5.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,362 shares of the construction company's stock after selling 5,663 shares during the period. Sei Investments Co. owned approximately 0.34% of Sterling Infrastructure worth $17,580,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in STRL. Quarry LP increased its holdings in Sterling Infrastructure by 510.7% during the 3rd quarter. Quarry LP now owns 171 shares of the construction company's stock worth $25,000 after purchasing an additional 143 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Sterling Infrastructure during the fourth quarter worth about $39,000. Arcadia Investment Management Corp MI acquired a new stake in Sterling Infrastructure in the 4th quarter valued at approximately $71,000. Private Trust Co. NA bought a new stake in Sterling Infrastructure in the 3rd quarter valued at approximately $78,000. Finally, Venturi Wealth Management LLC boosted its position in Sterling Infrastructure by 1,369.0% during 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 during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on STRL shares. William Blair assumed coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They issued an "outperform" rating on the stock. DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research report on Thursday, February 27th. Finally, StockNews.com upgraded Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Tuesday.

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Sterling Infrastructure Stock Up 2.1 %

Shares of NASDAQ STRL traded up $2.43 during trading hours on Tuesday, hitting $115.64. The company had a trading volume of 657,700 shares, compared to its average volume of 410,523. The stock has a market capitalization of $3.52 billion, a P/E ratio of 19.53, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $206.07. The firm's 50 day moving average is $132.09 and its 200-day moving average is $156.35. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41.

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.