Select Equity Group L.P. Purchases 1,144 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Select Equity Group L.P. increased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 20.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,630 shares of the construction company’s stock after acquiring an additional 1,144 shares during the quarter. Select Equity Group L.P.’s holdings in Sterling Infrastructure were worth $1,117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of STRL. Vanguard Group Inc. grew its position in Sterling Infrastructure by 30.0% during the 4th quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company’s stock worth $425,135,000 after acquiring an additional 581,847 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Sterling Infrastructure during the 4th quarter worth approximately $47,712,000. Capital Research Global Investors lifted its holdings in Sterling Infrastructure by 78.5% in the 4th quarter. Capital Research Global Investors now owns 574,976 shares of the construction company’s stock worth $96,855,000 after buying an additional 252,934 shares during the period. First Trust Advisors LP lifted its holdings in Sterling Infrastructure by 74.1% in the 4th quarter. First Trust Advisors LP now owns 356,339 shares of the construction company’s stock worth $60,025,000 after buying an additional 151,642 shares during the period. Finally, Invesco Ltd. lifted its holdings in Sterling Infrastructure by 22.5% in 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 during the period. 80.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. DA Davidson upgraded Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a report on Thursday, February 27th. StockNews.com cut Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Wednesday, April 9th.

Sterling Infrastructure Trading Up 2.0%

NASDAQ STRL opened at $188.57 on Friday. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two 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 stock has a 50 day simple moving average of $140.32 and a two-hundred day simple moving average of $155.73. The stock has a market cap of $5.73 billion, a P/E ratio of 31.85, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27.

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.