Financiere des Professionnels Fonds d investissement inc. Invests $236,000 in Sterling Infrastructure, Inc. $STRL

Key Points

• Financiere des Professionnels Fonds d investissement inc. acquired 1,023 shares of Sterling Infrastructure, valued at approximately $236,000, during the 2nd quarter.
• Recent institutional activity includes Diversified Trust Co. increasing its stake by 5.7% and Wealth Enhancement Advisory Services LLC increasing theirs by 9.3%, resulting in 80.95% of the stock being owned by institutional investors.
• Sterling Infrastructure has recently received positive ratings from analysts, with DA Davidson increasing the price target from $265.00 to $355.00 and maintaining a "buy" rating.

Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,023 shares of the construction company's stock, valued at approximately $236,000.

Other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. increased its position in shares of Sterling Infrastructure by 689.7% during the 1st quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company's stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Sterling Infrastructure by 355.8% in the 1st quarter. Versant Capital Management Inc now owns 237 shares of the construction company's stock valued at $27,000 after purchasing an additional 185 shares during the period. Opal Wealth Advisors LLC acquired a new position in Sterling Infrastructure in the 1st quarter valued at about $28,000. Quarry LP grew its stake in shares of Sterling Infrastructure by 107.7% during the first quarter. Quarry LP now owns 376 shares of the construction company's stock worth $43,000 after purchasing an additional 195 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its position in Sterling Infrastructure by 111.3% during the 1st quarter. SBI Securities Co. Ltd. now owns 488 shares of the construction company's stock worth $55,000 after purchasing an additional 257 shares during the period. 80.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on STRL. Zacks Research upgraded Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a report on Friday, September 5th. Wall Street Zen upgraded shares of Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 13th. Finally, DA Davidson lifted their price target on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $355.00.

Sterling Infrastructure Stock Performance

Sterling Infrastructure stock traded up $11.67 during mid-day trading on Friday, reaching $360.25. 2,093,500 shares of the stock traded hands, compared to its average volume of 479,599. The business's 50-day moving average is $282.77 and its 200-day moving average is $209.20. The stock has a market capitalization of $10.96 billion, a PE ratio of 48.42, a price-to-earnings-growth ratio of 2.67 and a beta of 1.35. Sterling Infrastructure, Inc. has a 12-month low of $96.34 and a 12-month high of $363.08. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.42 and a quick ratio of 1.42.

Insider Buying and Selling

In related news, General Counsel Mark D. Wolf sold 3,500 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $225.87, for a total transaction of $790,545.00. Following the completion of the sale, the general counsel owned 29,315 shares of the company's stock, valued at approximately $6,621,379.05. This represents a 10.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.70% of the company's stock.

Sterling Infrastructure Company 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.