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

Driehaus Capital Management LLC decreased its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 16.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 408,287 shares of the construction company's stock after selling 78,272 shares during the quarter. Driehaus Capital Management LLC owned approximately 1.33% of Sterling Infrastructure worth $68,776,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of STRL. Bridgefront Capital LLC bought a new stake in shares of Sterling Infrastructure during the fourth quarter worth $407,000. Captrust Financial Advisors lifted its stake in shares of Sterling Infrastructure by 18.2% during the fourth quarter. Captrust Financial Advisors now owns 29,170 shares of the construction company's stock valued at $4,914,000 after acquiring an additional 4,491 shares during the period. BIP Wealth LLC acquired a new position in shares of Sterling Infrastructure during the fourth quarter valued at $8,288,000. Ameriprise Financial Inc. lifted its stake in shares of Sterling Infrastructure by 21.6% during the fourth quarter. Ameriprise Financial Inc. now owns 312,313 shares of the construction company's stock valued at $52,611,000 after acquiring an additional 55,545 shares during the period. Finally, Algert Global LLC lifted its stake in shares of Sterling Infrastructure by 77.0% during the fourth quarter. Algert Global LLC now owns 46,260 shares of the construction company's stock valued at $7,792,000 after acquiring an additional 20,119 shares during the period. Institutional investors and hedge funds own 80.95% of the company's stock.

Sterling Infrastructure Trading Up 3.1%

NASDAQ:STRL traded up $5.53 during mid-day trading on Monday, hitting $183.27. The company had a trading volume of 569,113 shares, compared to its average volume of 497,294. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07. The business's fifty day moving average is $133.58 and its two-hundred day moving average is $154.59. 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 firm has a market cap of $5.57 billion, a P/E ratio of 30.96, a P/E/G ratio of 1.28 and a beta of 1.27.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. William Blair assumed coverage on Sterling Infrastructure in a research note on Friday, January 17th. They set an "outperform" rating on the stock. DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research note on Thursday, February 27th. Finally, StockNews.com lowered Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th.

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.