XTX Topco Ltd Purchases Shares of 4,863 Sterling Infrastructure, Inc. (NASDAQ:STRL)

XTX Topco Ltd purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,863 shares of the construction company's stock, valued at approximately $551,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in Sterling Infrastructure by 31.3% in the fourth quarter. JPMorgan Chase & Co. now owns 170,709 shares of the construction company's stock worth $28,756,000 after acquiring an additional 40,661 shares during the period. Orion Portfolio Solutions LLC boosted its stake in Sterling Infrastructure by 33.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 1,911 shares of the construction company's stock worth $322,000 after acquiring an additional 484 shares in the last quarter. O Shaughnessy Asset Management LLC grew its stake in shares of Sterling Infrastructure by 11.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 4,069 shares of the construction company's stock worth $685,000 after buying an additional 408 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Sterling Infrastructure by 38.3% during the fourth quarter. Alliancebernstein L.P. now owns 44,470 shares of the construction company's stock valued at $7,491,000 after acquiring an additional 12,320 shares in the last quarter. Finally, National Bank of Canada FI purchased a new stake in Sterling Infrastructure during the 4th quarter valued at about $56,000. 80.95% of the stock is owned by institutional investors.

Sterling Infrastructure Price Performance

Shares of STRL stock traded up $0.22 on Thursday, reaching $299.64. The company's stock had a trading volume of 523,974 shares, compared to its average volume of 525,866. Sterling Infrastructure, Inc. has a 1 year low of $96.34 and a 1 year high of $321.79. The company has a market capitalization of $9.12 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 2.48 and a beta of 1.46. The stock's fifty day simple moving average is $234.44 and its 200-day simple moving average is $175.07. The company has a current ratio of 1.42, a quick ratio of 1.32 and a debt-to-equity ratio of 0.31.

Analysts Set New Price Targets

STRL has been the subject of several recent analyst reports. DA Davidson boosted their price target on Sterling Infrastructure from $265.00 to $355.00 and gave the stock a "buy" rating in a research note on Wednesday. Wall Street Zen cut Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Saturday, July 5th.

Insider Buying and Selling at Sterling Infrastructure

In other news, General Counsel Mark D. Wolf sold 3,500 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $225.87, for a total transaction of $790,545.00. Following the transaction, the general counsel owned 29,315 shares of the company's stock, valued at approximately $6,621,379.05. This represents a 10.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Dana C. O'brien sold 10,154 shares of Sterling Infrastructure stock in a transaction 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 sale, the director owned 16,498 shares of the company's stock, valued at approximately $3,408,156.84. This trade represents a 38.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company's stock.

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.