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

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

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Sterling Infrastructure by 30.0% during the fourth quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock valued at $425,135,000 after purchasing an additional 581,847 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Sterling Infrastructure in the fourth quarter valued at about $47,712,000. Capital Research Global Investors lifted its position in shares of Sterling Infrastructure by 78.5% in the fourth quarter. Capital Research Global Investors now owns 574,976 shares of the construction company's stock valued at $96,855,000 after acquiring an additional 252,934 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Sterling Infrastructure by 74.1% in the fourth quarter. First Trust Advisors LP now owns 356,339 shares of the construction company's stock valued at $60,025,000 after acquiring an additional 151,642 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Sterling Infrastructure by 22.5% in the fourth quarter. Invesco Ltd. now owns 757,273 shares of the construction company's stock valued at $127,563,000 after acquiring an additional 139,081 shares in the last quarter. Institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Price Performance

Shares of NASDAQ:STRL traded up $4.93 during mid-day trading on Tuesday, reaching $189.33. The stock had a trading volume of 78,933 shares, compared to its average volume of 498,817. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The company has a market cap of $5.76 billion, a P/E ratio of 31.77, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. Sterling Infrastructure, Inc. has a 1 year low of $93.50 and a 1 year high of $206.07. The business's 50 day moving average price is $148.03 and its 200 day moving average price is $156.44.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on STRL. Wall Street Zen upgraded Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. DA Davidson upgraded Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a research report on Thursday, February 27th.

Sterling Infrastructure 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.