UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 7,062 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 10.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 74,358 shares of the construction company's stock after purchasing an additional 7,062 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.24% of Sterling Infrastructure worth $12,526,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Barclays PLC grew its stake in shares of Sterling Infrastructure by 254.7% in the 3rd quarter. Barclays PLC now owns 56,945 shares of the construction company's stock worth $8,259,000 after buying an additional 40,891 shares in the last quarter. Blue Trust Inc. grew its position in Sterling Infrastructure by 32.3% in the fourth quarter. Blue Trust Inc. now owns 1,648 shares of the construction company's stock worth $278,000 after acquiring an additional 402 shares in the last quarter. KBC Group NV increased its stake in Sterling Infrastructure by 35.6% during the fourth quarter. KBC Group NV now owns 1,347 shares of the construction company's stock worth $227,000 after acquiring an additional 354 shares during the last quarter. Highland Capital Management LLC purchased a new stake in Sterling Infrastructure during the fourth quarter valued at approximately $242,000. Finally, Spire Wealth Management lifted its stake in shares of Sterling Infrastructure by 265.1% in the 4th quarter. Spire Wealth Management now owns 8,792 shares of the construction company's stock valued at $1,481,000 after purchasing an additional 6,384 shares during the last quarter. Institutional investors own 80.95% of the company's stock.

Sterling Infrastructure Trading Up 2.4%

Shares of STRL traded up $4.63 during mid-day trading on Tuesday, reaching $194.23. 409,578 shares of the company's stock traded hands, compared to its average volume of 502,189. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The stock's 50-day moving average is $155.57 and its two-hundred day moving average is $156.76. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07. The stock has a market cap of $5.91 billion, a P/E ratio of 32.81, a P/E/G ratio of 1.28 and a beta of 1.27.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on STRL shares. Wall Street Zen raised Sterling Infrastructure from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. 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 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.