Wasatch Advisors LP Has $8.07 Million Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Wasatch Advisors LP decreased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 40.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,917 shares of the construction company’s stock after selling 32,613 shares during the period. Wasatch Advisors LP owned 0.16% of Sterling Infrastructure worth $8,072,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in STRL. Vanguard Group Inc. lifted its position in shares of Sterling Infrastructure by 30.0% during the fourth quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company’s stock worth $425,135,000 after purchasing an additional 581,847 shares in the last quarter. Invesco Ltd. lifted its holdings in Sterling Infrastructure by 22.5% during the 4th quarter. Invesco Ltd. now owns 757,273 shares of the construction company’s stock worth $127,563,000 after buying an additional 139,081 shares in the last quarter. Geode Capital Management LLC boosted its position in Sterling Infrastructure by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 719,980 shares of the construction company’s stock valued at $104,431,000 after buying an additional 3,918 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in Sterling Infrastructure by 7.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock valued at $111,873,000 after buying an additional 49,008 shares during the last quarter. Finally, GW&K Investment Management LLC increased its stake in shares of Sterling Infrastructure by 3.4% in the 4th quarter. GW&K Investment Management LLC now owns 363,251 shares of the construction company’s stock valued at $61,190,000 after buying an additional 12,064 shares during the period. Institutional investors own 80.95% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com cut Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Wednesday, April 9th. DA Davidson raised shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research note on Thursday, February 27th. Finally, William Blair initiated coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating for the company.

Sterling Infrastructure Trading Down 0.4 %

NASDAQ STRL opened at $140.44 on Thursday. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07. The stock has a 50-day simple moving average of $124.31 and a 200 day simple moving average of $154.54. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $4.27 billion, a PE ratio of 23.72, a P/E/G ratio of 1.28 and a beta of 1.19.

Sterling Infrastructure Company 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.