Two Sigma Advisers LP Lowers Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Two Sigma Advisers LP lessened its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 19.2% in the 4th quarter, Holdings Channel reports. The firm owned 153,600 shares of the construction company’s stock after selling 36,500 shares during the period. Two Sigma Advisers LP’s holdings in Sterling Infrastructure were worth $25,874,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STRL. SBI Securities Co. Ltd. purchased a new stake in shares of Sterling Infrastructure during the fourth quarter worth $39,000. Huntington National Bank boosted its holdings in Sterling Infrastructure by 34.6% in the fourth quarter. Huntington National Bank now owns 288 shares of the construction company’s stock valued at $49,000 after purchasing an additional 74 shares during the period. National Bank of Canada FI acquired a new position in Sterling Infrastructure during the 4th quarter worth $56,000. Arcadia Investment Management Corp MI purchased a new stake in Sterling Infrastructure during the 4th quarter worth about $71,000. Finally, Venturi Wealth Management LLC increased its holdings in Sterling Infrastructure by 1,369.0% during the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company’s stock worth $104,000 after purchasing an additional 575 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Analyst Ratings Changes

STRL has been the subject of a number of analyst reports. DA Davidson raised Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective for the company in a research report on Thursday, February 27th. StockNews.com downgraded shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research note on Wednesday, April 9th.

Sterling Infrastructure Trading Up 0.7%

NASDAQ:STRL opened at $187.19 on Wednesday. The company has a market capitalization of $5.69 billion, a PE ratio of 31.62, a P/E/G ratio of 1.28 and a beta of 1.27. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week high of $206.07. The stock’s 50 day moving average price is $143.10 and its 200 day moving average price is $156.18. 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 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.