Vontobel Holding Ltd. Takes Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Vontobel Holding Ltd. purchased a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,324 shares of the construction company’s stock, valued at approximately $223,000.

Other large investors have also modified their holdings of the company. Quarry LP lifted its stake in shares of Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after purchasing an additional 143 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Sterling Infrastructure during the 3rd quarter worth about $26,000. Huntington National Bank lifted its stake 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 acquiring an additional 213 shares in the last quarter. Signaturefd LLC lifted its stake 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 acquiring an additional 161 shares in the last quarter. Finally, Private Trust Co. NA acquired a new position in Sterling Infrastructure during the 3rd quarter worth about $78,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $116.29 on Friday. The stock’s 50-day moving average is $160.76 and its two-hundred day moving average is $154.31. 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, Inc. has a 1-year low of $83.40 and a 1-year high of $206.07. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 1.31 and a beta of 1.24.

Insiders Place Their Bets

In other Sterling Infrastructure news, Director Dana C. O’brien sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total transaction of $351,780.00. Following the sale, the director now owns 25,901 shares in the company, valued at $4,555,726.89. This represents a 7.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

STRL has been the topic of several research reports. StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday. William Blair initiated coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating on the stock.

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.