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

BNP Paribas Financial Markets lowered its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 90.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,547 shares of the construction company's stock after selling 59,688 shares during the quarter. BNP Paribas Financial Markets' holdings in Sterling Infrastructure were worth $1,103,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Sterling Infrastructure by 30.0% during the 4th quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock worth $425,135,000 after purchasing an additional 581,847 shares during the period. Invesco Ltd. boosted its holdings in 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 acquiring an additional 139,081 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Sterling Infrastructure by 7.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company's stock worth $111,873,000 after acquiring an additional 49,008 shares during the period. Capital Research Global Investors boosted its holdings in Sterling Infrastructure by 78.5% in the 4th quarter. Capital Research Global Investors now owns 574,976 shares of the construction company's stock worth $96,855,000 after acquiring an additional 252,934 shares during the period. Finally, GW&K Investment Management LLC boosted its holdings in Sterling Infrastructure by 3.4% in the 4th quarter. GW&K Investment Management LLC now owns 363,251 shares of the construction company's stock worth $61,190,000 after acquiring an additional 12,064 shares during the period. Hedge funds and other institutional investors own 80.95% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on STRL. 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. Wall Street Zen upgraded Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Thursday.

Sterling Infrastructure Stock Up 1.2%

NASDAQ STRL traded up $2.11 on Friday, reaching $184.40. The company had a trading volume of 330,518 shares, compared to its average volume of 499,359. The firm has a market capitalization of $5.61 billion, a PE ratio of 31.15, a P/E/G ratio of 1.28 and a beta of 1.27. 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 firm has a 50-day moving average of $146.88 and a 200-day moving average of $156.76. Sterling Infrastructure, Inc. has a 1 year low of $93.50 and a 1 year high of $206.07.

Sterling Infrastructure 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.