ProShare Advisors LLC Buys 2,687 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

ProShare Advisors LLC grew its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 47.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,402 shares of the construction company's stock after purchasing an additional 2,687 shares during the quarter. ProShare Advisors LLC's holdings in Sterling Infrastructure were worth $1,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Barclays PLC raised its stake in shares of Sterling Infrastructure by 254.7% in the third quarter. Barclays PLC now owns 56,945 shares of the construction company's stock worth $8,259,000 after purchasing an additional 40,891 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of Sterling Infrastructure in the fourth quarter valued at approximately $253,000. Diversify Wealth Management LLC grew its holdings in shares of Sterling Infrastructure by 18.7% in the fourth quarter. Diversify Wealth Management LLC now owns 5,320 shares of the construction company's stock valued at $870,000 after acquiring an additional 838 shares in the last quarter. Koshinski Asset Management Inc. bought a new position in shares of Sterling Infrastructure in the fourth quarter valued at approximately $1,041,000. Finally, Perpetual Ltd grew its holdings in shares of Sterling Infrastructure by 31.7% in the fourth quarter. Perpetual Ltd now owns 4,375 shares of the construction company's stock valued at $737,000 after acquiring an additional 1,054 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Performance

NASDAQ STRL traded up $4.50 on Tuesday, hitting $188.90. 78,933 shares of the stock traded hands, compared to its average volume of 498,764. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07. The business's fifty day moving average is $148.03 and its two-hundred day moving average is $156.44. 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 firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 31.77, a PEG ratio of 1.28 and a beta of 1.27.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on STRL shares. Wall Street Zen raised Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price for the company 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.