Colonial River Investments LLC Acquires 163 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Colonial River Investments LLC boosted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 10.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,748 shares of the construction company’s stock after purchasing an additional 163 shares during the period. Colonial River Investments LLC’s holdings in Sterling Infrastructure were worth $294,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp raised its position in shares of Sterling Infrastructure by 0.7% in the third quarter. State Street Corp now owns 713,234 shares of the construction company’s stock valued at $103,433,000 after purchasing an additional 5,106 shares during the period. Bay Rivers Group bought a new position in shares of Sterling Infrastructure in the fourth quarter valued at approximately $341,000. Allspring Global Investments Holdings LLC raised its position in shares of Sterling Infrastructure by 7.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock valued at $111,873,000 after purchasing an additional 49,008 shares during the period. Convergence Investment Partners LLC raised its position in shares of Sterling Infrastructure by 47.7% in the fourth quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company’s stock valued at $1,566,000 after purchasing an additional 3,002 shares during the period. Finally, Park Avenue Securities LLC bought a new position in shares of Sterling Infrastructure in the fourth quarter valued at approximately $253,000. Institutional investors own 80.95% of the company’s stock.

Insider Buying and Selling

In related news, Director Dana C. O’brien sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $175.89, for a total transaction of $351,780.00. Following the transaction, the director now owns 25,901 shares of the company’s stock, valued at approximately $4,555,726.89. The trade was a 7.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on STRL. William Blair began coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They issued an “outperform” rating on the stock. StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, February 20th.

Sterling Infrastructure Trading Down 6.6 %

Shares of STRL stock opened at $108.65 on Tuesday. Sterling Infrastructure, Inc. has a 1 year low of $87.90 and a 1 year high of $206.07. The firm’s fifty day simple moving average is $159.33 and its 200 day simple moving average is $155.01. The firm has a market capitalization of $3.34 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 1.28 and a beta of 1.24. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

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.