Sterling Infrastructure, Inc. (NASDAQ:STRL) Stake Boosted by Van ECK Associates Corp

Van ECK Associates Corp increased its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 36.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,512 shares of the construction company’s stock after purchasing an additional 7,111 shares during the quarter. Van ECK Associates Corp owned approximately 0.09% of Sterling Infrastructure worth $4,466,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP increased its stake in Sterling Infrastructure by 510.7% in the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock worth $25,000 after purchasing an additional 143 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Sterling Infrastructure in the 3rd quarter worth about $26,000. Huntington National Bank increased its stake in Sterling Infrastructure by 21,300.0% in 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 in the last quarter. Signaturefd LLC boosted 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 acquiring an additional 161 shares during the period. Finally, Private Trust Co. NA acquired a new stake in Sterling Infrastructure during the 3rd quarter worth about $78,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. William Blair assumed coverage on Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating for the company. StockNews.com lowered Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th.

Sterling Infrastructure Stock Down 1.3 %

Shares of Sterling Infrastructure stock opened at $130.63 on Wednesday. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 1.53 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. Sterling Infrastructure, Inc. has a 52-week low of $81.25 and a 52-week high of $206.07. The stock has a 50-day simple moving average of $165.50 and a 200-day simple moving average of $154.43.

Insider Activity

In other news, Director Dana C. O’brien sold 2,000 shares of Sterling Infrastructure 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 completion of the sale, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. The trade was a 7.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.70% of the stock is owned by corporate insiders.

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.