Axxcess Wealth Management LLC Acquires 158 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Axxcess Wealth Management LLC boosted its position in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 10.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,743 shares of the construction company’s stock after buying an additional 158 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Sterling Infrastructure were worth $294,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in STRL. Quest Partners LLC increased its stake in Sterling Infrastructure by 212.4% in the third quarter. Quest Partners LLC now owns 3,624 shares of the construction company’s stock valued at $526,000 after acquiring an additional 2,464 shares during the last quarter. Pathstone Holdings LLC increased its stake in Sterling Infrastructure by 157.1% in the third quarter. Pathstone Holdings LLC now owns 9,900 shares of the construction company’s stock valued at $1,436,000 after acquiring an additional 6,049 shares during the last quarter. Commerce Bank increased its stake in Sterling Infrastructure by 29.5% in the third quarter. Commerce Bank now owns 2,986 shares of the construction company’s stock valued at $433,000 after acquiring an additional 680 shares during the last quarter. Intech Investment Management LLC bought a new position in Sterling Infrastructure in the third quarter valued at approximately $1,513,000. Finally, Citigroup Inc. increased its stake in Sterling Infrastructure by 183.9% in the third quarter. Citigroup Inc. now owns 35,960 shares of the construction company’s stock valued at $5,215,000 after acquiring an additional 23,295 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on STRL. DA Davidson upgraded shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price on the stock in a research report on Thursday, February 27th. 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. Finally, StockNews.com upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock opened at $126.63 on Friday. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07. 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 firm has a market capitalization of $3.88 billion, a P/E ratio of 21.39, a P/E/G ratio of 1.28 and a beta of 1.32. The company’s 50 day moving average price is $140.05 and its two-hundred day moving average price is $155.70.

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.