Tidal Investments LLC Takes $19 Million Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Tidal Investments LLC acquired a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 112,771 shares of the construction company’s stock, valued at approximately $18,996,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake 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 valued at $425,135,000 after buying an additional 581,847 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Sterling Infrastructure by 22.5% during the fourth quarter. Invesco Ltd. now owns 757,273 shares of the construction company’s stock worth $127,563,000 after purchasing an additional 139,081 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Sterling Infrastructure by 7.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock worth $111,873,000 after purchasing an additional 49,008 shares during the period. Capital Research Global Investors boosted its holdings in shares of Sterling Infrastructure by 78.5% during the fourth quarter. Capital Research Global Investors now owns 574,976 shares of the construction company’s stock worth $96,855,000 after purchasing an additional 252,934 shares during the period. Finally, GW&K Investment Management LLC boosted its holdings in shares of Sterling Infrastructure by 3.4% during the fourth quarter. GW&K Investment Management LLC now owns 363,251 shares of the construction company’s stock worth $61,190,000 after purchasing an additional 12,064 shares during the period. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Stock Performance

Shares of STRL opened at $188.57 on Monday. 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 one year low of $93.50 and a one year high of $206.07. The company has a 50-day simple moving average of $140.32 and a two-hundred day simple moving average of $155.74. The firm has a market capitalization of $5.73 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27.

Analyst Ratings Changes

A number of analysts have recently weighed in on STRL shares. DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a report on Thursday, February 27th. StockNews.com lowered shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Wednesday, April 9th.

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.