Royal Bank of Canada Sells 10,218 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Royal Bank of Canada lowered its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,544 shares of the construction company's stock after selling 10,218 shares during the period. Royal Bank of Canada owned 0.87% of Sterling Infrastructure worth $45,236,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of STRL. Barclays PLC grew its stake in Sterling Infrastructure by 254.7% during the third quarter. Barclays PLC now owns 56,945 shares of the construction company's stock valued at $8,259,000 after acquiring an additional 40,891 shares in the last quarter. Park Avenue Securities LLC purchased a new position in Sterling Infrastructure during the fourth quarter valued at approximately $253,000. Diversify Wealth Management LLC grew its stake in Sterling Infrastructure by 18.7% during 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. purchased a new position in Sterling Infrastructure during the fourth quarter valued at approximately $1,041,000. Finally, Perpetual Ltd grew its stake in Sterling Infrastructure by 31.7% during 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. Hedge funds and other institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Price Performance

STRL stock opened at $182.09 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. Sterling Infrastructure, Inc. has a one year low of $93.50 and a one year high of $206.07. The stock has a market cap of $5.54 billion, a PE ratio of 30.76, a P/E/G ratio of 1.28 and a beta of 1.27. The firm has a 50 day simple moving average of $144.31 and a two-hundred day simple moving average of $156.36.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. StockNews.com cut shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target for the company in a research note 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.

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