Mariner LLC Buys 2,191 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Mariner LLC raised its position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 127.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,905 shares of the construction company's stock after purchasing an additional 2,191 shares during the quarter. Mariner LLC's holdings in Sterling Infrastructure were worth $658,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of STRL. SBI Securities Co. Ltd. acquired a new position in shares of Sterling Infrastructure during the fourth quarter worth approximately $39,000. Huntington National Bank boosted its stake in shares of Sterling Infrastructure by 34.6% in the 4th quarter. Huntington National Bank now owns 288 shares of the construction company's stock valued at $49,000 after purchasing an additional 74 shares in the last quarter. National Bank of Canada FI acquired a new stake in Sterling Infrastructure in the 4th quarter valued at about $56,000. Arcadia Investment Management Corp MI acquired a new position in Sterling Infrastructure during the 4th quarter valued at about $71,000. Finally, Venturi Wealth Management LLC raised its holdings in Sterling Infrastructure by 1,369.0% in the fourth quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock worth $104,000 after purchasing an additional 575 shares during the period. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Performance

Shares of STRL stock traded up $5.68 during midday trading on Friday, hitting $165.64. 723,130 shares of the company were exchanged, compared to its average volume of 495,348. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07. The firm has a market capitalization of $5.04 billion, a P/E ratio of 27.98, a PEG ratio of 1.28 and a beta of 1.19. The firm's 50 day moving average price is $128.40 and its two-hundred day moving average price is $154.19. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. William Blair started coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an "outperform" rating for the company. Finally, DA Davidson raised shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target on the stock in a research report on Thursday, February 27th.

Sterling Infrastructure Company 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.