Boston Partners Purchases 4,244 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Boston Partners boosted its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 182,732 shares of the construction company’s stock after purchasing an additional 4,244 shares during the period. Boston Partners’ holdings in Sterling Infrastructure were worth $30,983,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Quarry LP grew its holdings in Sterling Infrastructure by 510.7% during the 3rd quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after purchasing an additional 143 shares during the last quarter. Huntington National Bank grew its holdings in Sterling Infrastructure by 21,300.0% during the 3rd quarter. Huntington National Bank now owns 214 shares of the construction company’s stock valued at $31,000 after purchasing an additional 213 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Sterling Infrastructure during the 4th quarter valued at about $39,000. Arcadia Investment Management Corp MI bought a new position in Sterling Infrastructure during the 4th quarter valued at about $71,000. Finally, Private Trust Co. NA purchased a new stake in Sterling Infrastructure in the 3rd quarter valued at about $78,000. 80.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on STRL. DA Davidson raised shares of 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 raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th. Finally, William Blair began coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They issued an “outperform” rating for the company.

Sterling Infrastructure Price Performance

Shares of STRL opened at $126.69 on Thursday. The company has a 50 day moving average price of $141.61 and a 200-day moving average price of $155.52. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07. The stock has a market capitalization of $3.88 billion, a PE ratio of 21.40, a PEG ratio of 1.28 and a beta of 1.32. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

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.