Driehaus Capital Management LLC Sells 78,272 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Driehaus Capital Management LLC decreased its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 16.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 408,287 shares of the construction company's stock after selling 78,272 shares during the period. Driehaus Capital Management LLC owned about 1.33% of Sterling Infrastructure worth $68,776,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. SBI Securities Co. Ltd. bought a new stake in shares of Sterling Infrastructure during the fourth quarter worth approximately $39,000. Huntington National Bank raised its stake in shares of Sterling Infrastructure by 34.6% in the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after purchasing an additional 74 shares during the period. National Bank of Canada FI bought a new position in shares of Sterling Infrastructure during the 4th quarter worth approximately $56,000. Arcadia Investment Management Corp MI acquired a new stake in shares of Sterling Infrastructure in the fourth quarter valued at about $71,000. Finally, Venturi Wealth Management LLC lifted its position in shares of Sterling Infrastructure by 1,369.0% in the fourth quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock valued at $104,000 after buying an additional 575 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Up 3.3%

Sterling Infrastructure stock traded up $6.09 during trading on Tuesday, hitting $189.36. 252,290 shares of the company were exchanged, compared to its average volume of 496,453. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07. 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's 50 day moving average is $134.67 and its 200 day moving average is $154.82. The company has a market capitalization of $5.76 billion, a P/E ratio of 31.99, a PEG ratio of 1.28 and a beta of 1.27.

Analyst Upgrades and Downgrades

STRL has been the subject of several recent research 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 research note on Thursday, February 27th. William Blair assumed coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an "outperform" rating on the stock. Finally, StockNews.com downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th.

Sterling Infrastructure Company 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.