ProShare Advisors LLC Grows Stock Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

ProShare Advisors LLC lifted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 47.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,402 shares of the construction company's stock after acquiring an additional 2,687 shares during the quarter. ProShare Advisors LLC's holdings in Sterling Infrastructure were worth $1,415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of STRL. Huntington National Bank increased its holdings in 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 purchasing an additional 74 shares during the period. Kovack Advisors Inc. increased its stake in shares of Sterling Infrastructure by 3.2% during the fourth quarter. Kovack Advisors Inc. now owns 2,914 shares of the construction company's stock valued at $491,000 after buying an additional 91 shares during the period. Willis Investment Counsel increased its stake in shares of Sterling Infrastructure by 1.4% during the fourth quarter. Willis Investment Counsel now owns 7,535 shares of the construction company's stock valued at $1,269,000 after buying an additional 101 shares during the period. Xponance Inc. raised its holdings in shares of Sterling Infrastructure by 6.5% in the fourth quarter. Xponance Inc. now owns 2,144 shares of the construction company's stock valued at $361,000 after acquiring an additional 131 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Sterling Infrastructure by 7.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,980 shares of the construction company's stock worth $334,000 after acquiring an additional 137 shares during the period. Institutional investors own 80.95% of the company's stock.

Analysts Set New Price Targets

Several research analysts have issued reports on STRL shares. StockNews.com cut shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a research note on Thursday, February 27th.

Sterling Infrastructure Trading Down 2.7%

Shares of NASDAQ STRL opened at $182.09 on Thursday. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $206.07. The business has a fifty day moving average price of $144.31 and a 200 day moving average price of $156.36. The stock has a market capitalization of $5.54 billion, a P/E ratio of 30.76, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.