Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Acquired by Robeco Schweiz AG

Robeco Schweiz AG increased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 12.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 33,300 shares of the construction company’s stock after acquiring an additional 3,600 shares during the period. Robeco Schweiz AG owned approximately 0.11% of Sterling Infrastructure worth $5,609,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP grew its holdings in Sterling Infrastructure by 510.7% during 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 in the last quarter. Capital Performance Advisors LLP purchased a new position in Sterling Infrastructure in the 3rd quarter valued at about $26,000. Huntington National Bank grew its stake in shares of Sterling Infrastructure by 21,300.0% during the third quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after acquiring an additional 213 shares in the last quarter. Signaturefd LLC increased its position in shares of Sterling Infrastructure by 119.3% during the third quarter. Signaturefd LLC now owns 296 shares of the construction company’s stock worth $43,000 after acquiring an additional 161 shares during the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of Sterling Infrastructure in the fourth quarter worth about $71,000. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on STRL shares. William Blair began coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating for the company. StockNews.com upgraded Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday, February 20th.

Insider Buying and Selling

In related news, Director Dana C. O’brien sold 2,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total transaction of $351,780.00. Following the transaction, the director now directly owns 25,901 shares in the company, valued at $4,555,726.89. This trade represents a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.70% of the company’s stock.

Sterling Infrastructure Price Performance

STRL opened at $122.16 on Thursday. The company has a market capitalization of $3.75 billion, a P/E ratio of 20.64, a PEG ratio of 1.28 and a beta of 1.24. The company has a 50-day moving average of $158.12 and a 200-day moving average of $155.09. 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, Inc. has a 1-year low of $93.50 and a 1-year high of $206.07.

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.