Congress Wealth Management LLC DE Has $14.90 Million Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Congress Wealth Management LLC DE decreased its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 24.1% in the 4th quarter, Holdings Channel reports. The fund owned 88,452 shares of the construction company’s stock after selling 28,022 shares during the period. Congress Wealth Management LLC DE’s holdings in Sterling Infrastructure were worth $14,900,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in STRL. Pathstone Holdings LLC increased its position in Sterling Infrastructure by 157.1% during the 3rd quarter. Pathstone Holdings LLC now owns 9,900 shares of the construction company’s stock worth $1,436,000 after purchasing an additional 6,049 shares in the last quarter. Commerce Bank increased its holdings in shares of Sterling Infrastructure by 29.5% during the third quarter. Commerce Bank now owns 2,986 shares of the construction company’s stock worth $433,000 after buying an additional 680 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Sterling Infrastructure during the third quarter worth $1,513,000. Citigroup Inc. lifted its stake in shares of Sterling Infrastructure by 183.9% in the 3rd 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. Finally, Cerity Partners LLC boosted its holdings in shares of Sterling Infrastructure by 62.2% during the 3rd quarter. Cerity Partners LLC now owns 5,184 shares of the construction company’s stock valued at $752,000 after acquiring an additional 1,988 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Analyst Ratings Changes

STRL has been the subject of several research reports. William Blair initiated coverage on Sterling Infrastructure in a research report on Friday, January 17th. They issued an “outperform” rating for the company. 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. Finally, StockNews.com cut shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Monday.

Sterling Infrastructure Stock Up 5.8 %

Shares of STRL opened at $133.95 on Tuesday. The company has a market capitalization of $4.10 billion, a PE ratio of 22.63, a PEG ratio of 1.28 and a beta of 1.32. The stock’s 50-day moving average price is $139.49 and its two-hundred day moving average price is $156.20. 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, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07.

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.