Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp boosted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 36.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 26,512 shares of the construction company's stock after purchasing an additional 7,111 shares during the period. Van ECK Associates Corp owned approximately 0.09% of Sterling Infrastructure worth $4,466,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of STRL. Quarry LP grew its position 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 during the last quarter. Capital Performance Advisors LLP purchased a new position in Sterling Infrastructure during the 3rd quarter worth $26,000. Huntington National Bank grew its position in Sterling Infrastructure by 21,300.0% during the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company's stock worth $31,000 after purchasing an additional 213 shares during the last quarter. Signaturefd LLC grew its position in Sterling Infrastructure by 119.3% during the 3rd quarter. Signaturefd LLC now owns 296 shares of the construction company's stock worth $43,000 after purchasing an additional 161 shares during the last quarter. Finally, Private Trust Co. NA purchased a new position in Sterling Infrastructure during the 3rd quarter worth $78,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Stock Performance

Shares of STRL stock traded down $7.98 during mid-day trading on Friday, hitting $116.29. The stock had a trading volume of 666,456 shares, compared to its average volume of 508,850. Sterling Infrastructure, Inc. has a fifty-two week low of $83.40 and a fifty-two week high of $206.07. The firm has a market cap of $3.57 billion, a PE ratio of 19.64, a PEG ratio of 1.31 and a beta of 1.24. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The company's 50-day simple moving average is $162.04 and its 200-day simple moving average is $154.21.

Insider Transactions at Sterling Infrastructure

In other news, Director Dana C. O'brien sold 2,000 shares of the firm's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total value of $351,780.00. Following the completion of the sale, the director now owns 25,901 shares in the company, valued at approximately $4,555,726.89. This trade represents a 7.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.70% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. William Blair initiated coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They set an "outperform" rating on the stock. StockNews.com upgraded shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday.

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.