Sterling Infrastructure, Inc. (NASDAQ:STRL) Holdings Raised by Axa S.A.

AXA S.A. boosted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 93.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,228 shares of the construction company's stock after buying an additional 5,422 shares during the quarter. AXA S.A.'s holdings in Sterling Infrastructure were worth $1,891,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of STRL. Vanguard Group Inc. increased its position in Sterling Infrastructure by 30.0% during the fourth quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock worth $425,135,000 after buying an additional 581,847 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Sterling Infrastructure by 1,088.1% in the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company's stock valued at $51,561,000 after purchasing an additional 325,620 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Sterling Infrastructure during the fourth quarter valued at about $47,712,000. Capital Research Global Investors raised its holdings in Sterling Infrastructure by 78.5% in the fourth quarter. Capital Research Global Investors now owns 574,976 shares of the construction company's stock valued at $96,855,000 after buying an additional 252,934 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of Sterling Infrastructure by 74.1% in the 4th quarter. First Trust Advisors LP now owns 356,339 shares of the construction company's stock valued at $60,025,000 after acquiring an additional 151,642 shares during the period. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Sterling Infrastructure Price Performance

STRL stock traded up $5.53 during trading on Monday, hitting $183.27. The company had a trading volume of 569,193 shares, compared to its average volume of 497,295. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 30.96, a P/E/G ratio of 1.28 and a beta of 1.27. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average of $133.58 and a 200 day moving average of $154.59. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07.

Analyst Ratings Changes

STRL has been the subject of a number of analyst reports. DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target for the company in a report on Thursday, February 27th. StockNews.com lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. Finally, William Blair began coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set an "outperform" rating for the company.

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.