Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 90.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,547 shares of the construction company's stock after selling 59,688 shares during the period. BNP Paribas Financial Markets' holdings in Sterling Infrastructure were worth $1,103,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ameriprise Financial Inc. raised its holdings in shares of Sterling Infrastructure by 21.6% in the fourth quarter. Ameriprise Financial Inc. now owns 312,313 shares of the construction company's stock valued at $52,611,000 after buying an additional 55,545 shares during the last quarter. Algert Global LLC raised its holdings in shares of Sterling Infrastructure by 77.0% in the fourth quarter. Algert Global LLC now owns 46,260 shares of the construction company's stock valued at $7,792,000 after buying an additional 20,119 shares during the last quarter. AXA S.A. raised its holdings in shares of Sterling Infrastructure by 93.4% in the fourth quarter. AXA S.A. now owns 11,228 shares of the construction company's stock valued at $1,891,000 after buying an additional 5,422 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Sterling Infrastructure in the fourth quarter valued at about $237,000. Finally, Triumph Capital Management purchased a new stake in shares of Sterling Infrastructure in the fourth quarter valued at about $348,000. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Price Performance

Sterling Infrastructure stock traded up $2.11 during mid-day trading on Monday, reaching $184.40. The company had a trading volume of 330,518 shares, compared to its average volume of 500,300. Sterling Infrastructure, Inc. has a 1 year low of $93.50 and a 1 year high of $206.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $5.61 billion, a P/E ratio of 31.15, a P/E/G ratio of 1.28 and a beta of 1.27. The stock's 50-day simple moving average is $148.03 and its 200-day simple moving average is $156.44.

Analyst Ratings Changes

A number of equities research analysts have recently commented 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 report on Thursday, February 27th. Wall Street Zen raised shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Thursday.

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.