Vanguard Group Inc. Has $425.14 Million Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Vanguard Group Inc. raised its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 30.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,523,804 shares of the construction company's stock after purchasing an additional 581,847 shares during the quarter. Vanguard Group Inc. owned 8.22% of Sterling Infrastructure worth $425,135,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Citigroup Inc. lifted its stake in Sterling Infrastructure by 183.9% in the 3rd quarter. Citigroup Inc. now owns 35,960 shares of the construction company's stock worth $5,215,000 after acquiring an additional 23,295 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Sterling Infrastructure by 62.2% in the third quarter. Cerity Partners LLC now owns 5,184 shares of the construction company's stock worth $752,000 after purchasing an additional 1,988 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Sterling Infrastructure by 168.7% during the third quarter. BNP Paribas Financial Markets now owns 66,235 shares of the construction company's stock worth $9,605,000 after purchasing an additional 41,582 shares during the period. Captrust Financial Advisors grew its position in Sterling Infrastructure by 24.3% during the third quarter. Captrust Financial Advisors now owns 24,679 shares of the construction company's stock valued at $3,579,000 after purchasing an additional 4,824 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Sterling Infrastructure by 2.6% in the 3rd quarter. Janus Henderson Group PLC now owns 53,757 shares of the construction company's stock valued at $7,795,000 after buying an additional 1,384 shares during the period. Institutional investors and hedge funds own 80.95% of the company's stock.

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Wall Street Analyst Weigh In

STRL has been the subject of a number of research reports. StockNews.com raised shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Tuesday, April 1st. William Blair began coverage on Sterling Infrastructure in a research note on Friday, January 17th. They issued an "outperform" rating on the stock. Finally, DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research report on Thursday, February 27th.

Sterling Infrastructure Stock Down 4.5 %

Shares of Sterling Infrastructure stock traded down $5.00 during midday trading on Friday, reaching $104.96. 1,141,372 shares of the company's stock traded hands, compared to its average volume of 417,937. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07. The company's 50 day simple moving average is $127.07 and its 200 day simple moving average is $155.92. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

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.