1,606 Shares in Sterling Infrastructure, Inc. (NASDAQ:STRL) Acquired by Cim LLC

Cim LLC acquired a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,606 shares of the construction company's stock, valued at approximately $271,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Sterling Infrastructure by 30.0% in the 4th quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock valued at $425,135,000 after acquiring an additional 581,847 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Sterling Infrastructure during the fourth quarter valued at $47,712,000. Capital Research Global Investors increased its stake in Sterling Infrastructure by 78.5% during the fourth quarter. Capital Research Global Investors now owns 574,976 shares of the construction company's stock valued at $96,855,000 after purchasing an additional 252,934 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of Sterling Infrastructure by 74.1% during the fourth quarter. First Trust Advisors LP now owns 356,339 shares of the construction company's stock worth $60,025,000 after purchasing an additional 151,642 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Sterling Infrastructure by 22.5% in the 4th quarter. Invesco Ltd. now owns 757,273 shares of the construction company's stock worth $127,563,000 after buying an additional 139,081 shares during the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Performance

STRL traded up $1.73 during trading on Friday, reaching $187.86. 439,036 shares of the company were exchanged, compared to its average volume of 500,939. 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 firm has a 50 day moving average of $151.61 and a 200 day moving average of $156.84. The stock has a market cap of $5.71 billion, a P/E ratio of 31.73, a PEG ratio of 1.28 and a beta of 1.27.

Analyst Ratings Changes

A number of equities research analysts recently 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 price objective for the company in a research report on Thursday, February 27th. Wall Street Zen upgraded Sterling Infrastructure from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd.

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.