Harvest Fund Management Co. Ltd Increases Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Harvest Fund Management Co. Ltd boosted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 28.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,445 shares of the construction company’s stock after acquiring an additional 324 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Sterling Infrastructure were worth $240,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Xponance Inc. raised its position in Sterling Infrastructure by 6.5% during the fourth quarter. Xponance Inc. now owns 2,144 shares of the construction company’s stock valued at $361,000 after acquiring an additional 131 shares in the last quarter. Boston Partners raised its position in Sterling Infrastructure by 2.4% during the fourth quarter. Boston Partners now owns 182,732 shares of the construction company’s stock valued at $30,983,000 after acquiring an additional 4,244 shares in the last quarter. Axxcess Wealth Management LLC raised its position in Sterling Infrastructure by 10.0% during the fourth quarter. Axxcess Wealth Management LLC now owns 1,743 shares of the construction company’s stock valued at $294,000 after acquiring an additional 158 shares in the last quarter. Cibc World Markets Corp purchased a new position in Sterling Infrastructure during the fourth quarter valued at approximately $470,000. Finally, Harbour Investments Inc. increased its position in shares of Sterling Infrastructure by 8.5% in the fourth quarter. Harbour Investments Inc. now owns 7,386 shares of the construction company’s stock valued at $1,244,000 after buying an additional 579 shares in the last quarter. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Infrastructure Stock Performance

Shares of NASDAQ:STRL opened at $126.63 on Friday. 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 business’s 50 day moving average price is $140.05 and its 200-day moving average price is $155.70. The firm has a market capitalization of $3.88 billion, a PE ratio of 21.39, a P/E/G ratio of 1.28 and a beta of 1.32. Sterling Infrastructure, Inc. has a 1 year low of $93.50 and a 1 year high of $206.07.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. William Blair assumed coverage on Sterling Infrastructure in a research report on Friday, January 17th. They issued an “outperform” rating for the company. DA Davidson upgraded 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. Finally, StockNews.com upgraded Sterling Infrastructure from a “hold” rating to a “buy” rating in a research report on Thursday, March 6th.

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.