Wasatch Advisors LP Sells 32,613 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Wasatch Advisors LP lowered its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 40.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,917 shares of the construction company's stock after selling 32,613 shares during the period. Wasatch Advisors LP owned approximately 0.16% of Sterling Infrastructure worth $8,072,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in STRL. Bay Rivers Group acquired a new stake in Sterling Infrastructure during the fourth quarter worth $341,000. Convergence Investment Partners LLC raised its position in Sterling Infrastructure by 47.7% in the 4th quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company's stock worth $1,566,000 after purchasing an additional 3,002 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Sterling Infrastructure by 7.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company's stock valued at $111,873,000 after acquiring an additional 49,008 shares during the period. Park Avenue Securities LLC bought a new position in shares of Sterling Infrastructure in the 4th quarter valued at about $253,000. Finally, Spire Wealth Management raised its position in shares of Sterling Infrastructure by 265.1% during the 4th quarter. Spire Wealth Management now owns 8,792 shares of the construction company's stock valued at $1,481,000 after acquiring an additional 6,384 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STRL has been the subject of several analyst reports. DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price for the company in a research report on Thursday, February 27th. StockNews.com lowered Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. Finally, William Blair initiated coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an "outperform" rating on the stock.

Sterling Infrastructure Stock Up 2.5 %

Shares of NASDAQ:STRL traded up $3.33 during trading on Tuesday, hitting $134.90. 97,127 shares of the company were exchanged, compared to its average volume of 481,102. The stock has a market cap of $4.10 billion, a price-to-earnings ratio of 22.78, a P/E/G ratio of 1.28 and a beta of 1.19. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07. The firm has a fifty day moving average price of $123.83 and a two-hundred day moving average price of $154.50.

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.