EFG Asset Management North America Corp. Acquires 13,682 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

EFG Asset Management North America Corp. increased its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 58.6% in the fourth quarter, HoldingsChannel reports. The firm owned 37,015 shares of the construction company’s stock after purchasing an additional 13,682 shares during the period. Sterling Infrastructure accounts for approximately 0.9% of EFG Asset Management North America Corp.’s portfolio, making the stock its 23rd biggest holding. EFG Asset Management North America Corp.’s holdings in Sterling Infrastructure were worth $6,236,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Pathstone Holdings LLC increased its holdings in shares of Sterling Infrastructure by 157.1% during the 3rd 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 raised its position in shares of 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 purchasing an additional 680 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Sterling Infrastructure in the third quarter worth $1,513,000. Citigroup Inc. boosted its holdings in shares of Sterling Infrastructure by 183.9% during the 3rd quarter. Citigroup Inc. now owns 35,960 shares of the construction company’s stock worth $5,215,000 after buying an additional 23,295 shares during the period. Finally, Cerity Partners LLC grew its stake in Sterling Infrastructure by 62.2% in the 3rd quarter. Cerity Partners LLC now owns 5,184 shares of the construction company’s stock valued at $752,000 after buying an additional 1,988 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Up 5.8 %

Shares of STRL opened at $133.95 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The company has a 50-day simple moving average of $139.49 and a 200-day simple moving average of $156.20. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07. The firm has a market capitalization of $4.10 billion, a P/E ratio of 22.63, a P/E/G ratio of 1.28 and a beta of 1.32.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on STRL shares. DA Davidson raised shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a research report on Thursday, February 27th. William Blair initiated coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating for the company. Finally, StockNews.com downgraded Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Monday.

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.