Man Group plc Raises Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Man Group plc boosted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 74.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,678 shares of the construction company’s stock after purchasing an additional 15,187 shares during the quarter. Man Group plc’s holdings in Sterling Infrastructure were worth $6,010,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Barclays PLC boosted its position in shares of Sterling Infrastructure by 254.7% in the 3rd quarter. Barclays PLC now owns 56,945 shares of the construction company’s stock valued at $8,259,000 after purchasing an additional 40,891 shares during the period. Park Avenue Securities LLC acquired a new stake in Sterling Infrastructure during the 4th quarter worth approximately $253,000. Diversify Wealth Management LLC lifted its position in Sterling Infrastructure by 18.7% during the 4th quarter. Diversify Wealth Management LLC now owns 5,320 shares of the construction company’s stock worth $870,000 after acquiring an additional 838 shares during the period. Koshinski Asset Management Inc. acquired a new stake in Sterling Infrastructure during the 4th quarter worth approximately $1,041,000. Finally, Perpetual Ltd lifted its position in Sterling Infrastructure by 31.7% during the 4th quarter. Perpetual Ltd now owns 4,375 shares of the construction company’s stock worth $737,000 after acquiring an additional 1,054 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on STRL shares. DA Davidson raised Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a report on Thursday, February 27th. StockNews.com downgraded Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Wednesday, April 9th.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $187.19 on Wednesday. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $206.07. The business has a 50-day moving average of $143.10 and a 200-day moving average of $156.18. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 1.28 and a beta of 1.27.

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.