PNC Financial Services Group Inc. Has $334,000 Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

PNC Financial Services Group Inc. lifted its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,980 shares of the construction company’s stock after purchasing an additional 137 shares during the period. PNC Financial Services Group Inc.’s holdings in Sterling Infrastructure were worth $334,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp lifted its stake in shares of Sterling Infrastructure by 0.7% in the 3rd quarter. State Street Corp now owns 713,234 shares of the construction company’s stock valued at $103,433,000 after purchasing an additional 5,106 shares during the last quarter. Bay Rivers Group acquired a new position in Sterling Infrastructure during the 4th quarter worth $341,000. Convergence Investment Partners LLC lifted its position in Sterling Infrastructure by 47.7% during the 4th quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company’s stock worth $1,566,000 after acquiring an additional 3,002 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Sterling Infrastructure by 7.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock worth $111,873,000 after acquiring an additional 49,008 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new position in Sterling Infrastructure during the 4th quarter worth $253,000. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

NASDAQ:STRL opened at $126.63 on Friday. The firm’s 50-day moving average is $140.05 and its 200-day moving average is $155.37. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week high of $206.07. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.28 and a beta of 1.32.

Analysts Set New Price Targets

A number of research firms have weighed in on STRL. StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. William Blair began coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating for the company. Finally, DA Davidson raised shares of 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.

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.