Deutsche Bank AG Grows Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

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

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Sterling Infrastructure during the 4th quarter worth $39,000. Huntington National Bank lifted its holdings in shares of Sterling Infrastructure by 34.6% during the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock worth $49,000 after acquiring an additional 74 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Sterling Infrastructure during the 4th quarter worth $56,000. Arcadia Investment Management Corp MI bought a new stake in shares of Sterling Infrastructure during the 4th quarter worth $71,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Sterling Infrastructure by 1,369.0% during the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock worth $104,000 after acquiring an additional 575 shares during the last quarter. 80.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wall Street Zen upgraded shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Thursday. DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research report on Thursday, February 27th.

Sterling Infrastructure Trading Up 0.1%

NASDAQ:STRL traded up $0.20 during trading hours on Thursday, reaching $182.29. The company's stock had a trading volume of 513,988 shares, compared to its average volume of 498,441. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 30.79, a PEG ratio of 1.28 and a beta of 1.27. The firm has a 50-day simple moving average of $144.31 and a 200-day simple moving average of $156.36. 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 quick ratio of 1.29 and a current ratio of 1.29.

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.