Sterling Infrastructure, Inc. (NASDAQ:STRL) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG increased its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 43.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,531 shares of the construction company's stock after buying an additional 9,610 shares during the period. Deutsche Bank AG owned 0.10% of Sterling Infrastructure worth $5,311,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in STRL. Barclays PLC boosted its holdings in Sterling Infrastructure by 254.7% during the third quarter. Barclays PLC now owns 56,945 shares of the construction company's stock worth $8,259,000 after buying an additional 40,891 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in Sterling Infrastructure during the fourth quarter worth $253,000. Diversify Wealth Management LLC boosted its holdings in Sterling Infrastructure by 18.7% during the fourth quarter. Diversify Wealth Management LLC now owns 5,320 shares of the construction company's stock worth $870,000 after buying an additional 838 shares in the last quarter. Koshinski Asset Management Inc. purchased a new stake in Sterling Infrastructure during the fourth quarter worth $1,041,000. Finally, Perpetual Ltd boosted its holdings in Sterling Infrastructure by 31.7% during the fourth quarter. Perpetual Ltd now owns 4,375 shares of the construction company's stock worth $737,000 after buying an additional 1,054 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL traded up $2.11 during midday trading on Friday, hitting $184.40. The company's stock had a trading volume of 330,518 shares, compared to its average volume of 500,300. The business's 50 day simple moving average is $146.88 and its 200 day simple moving average is $156.63. 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 company has a market cap of $5.61 billion, a P/E ratio of 31.15, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. Sterling Infrastructure, Inc. has a 12-month low of $93.50 and a 12-month high of $206.07.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Thursday. DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a report on Thursday, February 27th.

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.