Trexquant Investment LP Takes Position in Sterling Infrastructure, Inc. $STRL

Key Points

• Trexquant Investment LP has made a new investment of approximately $646,000 in Sterling Infrastructure, acquiring 5,703 shares in the process.
• A significant percentage, 80.95%, of Sterling Infrastructure's stock is owned by hedge funds and other institutional investors, highlighting strong institutional interest.
• Analysts have raised the price target for Sterling Infrastructure from $265 to $355, with a consensus rating of "Buy" for the stock.

Trexquant Investment LP acquired a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,703 shares of the construction company's stock, valued at approximately $646,000.

A number of other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Sterling Infrastructure by 6.3% during the first quarter. Vanguard Group Inc. now owns 2,682,995 shares of the construction company's stock valued at $303,742,000 after buying an additional 159,191 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Sterling Infrastructure by 7.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,498,999 shares of the construction company's stock worth $169,702,000 after acquiring an additional 105,222 shares in the last quarter. Congress Asset Management Co. lifted its stake in Sterling Infrastructure by 6.5% in the 1st quarter. Congress Asset Management Co. now owns 532,198 shares of the construction company's stock worth $60,250,000 after acquiring an additional 32,255 shares in the last quarter. GW&K Investment Management LLC lifted its stake in Sterling Infrastructure by 37.7% in the 1st quarter. GW&K Investment Management LLC now owns 500,028 shares of the construction company's stock worth $56,608,000 after acquiring an additional 136,777 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Sterling Infrastructure by 5.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 335,186 shares of the construction company's stock worth $56,462,000 after acquiring an additional 17,768 shares in the last quarter. 80.95% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sterling Infrastructure

In other news, Director Dana C. O'brien sold 10,154 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $206.58, for a total value of $2,097,613.32. Following the completion of the sale, the director directly owned 16,498 shares of the company's stock, valued at approximately $3,408,156.84. This represents a 38.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Mark D. Wolf sold 3,500 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $225.87, for a total value of $790,545.00. Following the completion of the sale, the general counsel directly owned 29,315 shares of the company's stock, valued at $6,621,379.05. This represents a 10.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company's stock.

Sterling Infrastructure Stock Up 5.0%

Shares of NASDAQ STRL traded up $14.44 during mid-day trading on Wednesday, reaching $301.13. 529,282 shares of the company traded hands, compared to its average volume of 640,527. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market cap of $9.16 billion, a PE ratio of 32.73, a price-to-earnings-growth ratio of 2.12 and a beta of 1.35. The company's fifty day moving average is $268.27 and its two-hundred day moving average is $197.24. Sterling Infrastructure, Inc. has a fifty-two week low of $96.34 and a fifty-two week high of $321.79.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on STRL shares. Zacks Research raised Sterling Infrastructure from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 5th. DA Davidson upped their target price on Sterling Infrastructure from $265.00 to $355.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen lowered Sterling Infrastructure from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 30th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $355.00.

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.