Sei Investments Co. Decreases Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Sei Investments Co. reduced its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 5.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 104,362 shares of the construction company’s stock after selling 5,663 shares during the quarter. Sei Investments Co. owned about 0.34% of Sterling Infrastructure worth $17,580,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Quarry LP lifted its stake 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 acquiring an additional 143 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Sterling Infrastructure in the fourth quarter valued at approximately $39,000. Arcadia Investment Management Corp MI acquired a new position in shares of Sterling Infrastructure during the 4th quarter worth approximately $71,000. Private Trust Co. NA purchased a new position in shares of Sterling Infrastructure during the 3rd quarter valued at approximately $78,000. Finally, Venturi Wealth Management LLC grew its stake in Sterling Infrastructure by 1,369.0% in the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company’s stock valued at $104,000 after acquiring an additional 575 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock opened at $117.00 on Friday. The firm has a market cap of $3.58 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 1.28 and a beta of 1.32. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07. The business’s fifty day simple moving average is $136.42 and its 200-day simple moving average is $155.87.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on STRL. William Blair started coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating for the company. DA Davidson upgraded Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a report on Thursday, February 27th. Finally, StockNews.com lowered Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Monday.

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.