1,023 Shares in Sterling Infrastructure, Inc. $STRL Purchased by Financiere des Professionnels Fonds d investissement inc.

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. acquired a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 1,023 shares of the construction company's stock, valued at approximately $236,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Ieq Capital LLC lifted its stake in shares of Sterling Infrastructure by 94.8% in the 1st quarter. Ieq Capital LLC now owns 8,144 shares of the construction company's stock valued at $922,000 after purchasing an additional 3,963 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Sterling Infrastructure by 38.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,804 shares of the construction company's stock valued at $544,000 after purchasing an additional 1,337 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Sterling Infrastructure by 30.3% in the 1st quarter. Envestnet Asset Management Inc. now owns 78,454 shares of the construction company's stock valued at $8,882,000 after purchasing an additional 18,254 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Sterling Infrastructure by 5.0% in the 1st quarter. D.A. Davidson & CO. now owns 2,424 shares of the construction company's stock valued at $274,000 after purchasing an additional 116 shares during the last quarter. Finally, Hudson Edge Investment Partners Inc. acquired a new stake in shares of Sterling Infrastructure in the 1st quarter valued at $823,000. Institutional investors and hedge funds own 80.95% of the company's stock.

Sterling Infrastructure Price Performance

NASDAQ:STRL traded up $1.50 during mid-day trading on Tuesday, hitting $368.89. The company's stock had a trading volume of 208,770 shares, compared to its average volume of 639,890. Sterling Infrastructure, Inc. has a fifty-two week low of $96.34 and a fifty-two week high of $374.67. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $11.22 billion, a price-to-earnings ratio of 40.21, a P/E/G ratio of 2.67 and a beta of 1.35. The stock has a fifty day moving average of $285.29 and a 200-day moving average of $210.94.

Wall Street Analysts Forecast Growth

STRL has been the subject of several analyst reports. Zacks Research raised shares of Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 5th. Wall Street Zen raised shares of Sterling Infrastructure from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 13th. Finally, DA Davidson boosted their target price on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $355.00.

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.