Mercer Global Advisors Inc. ADV Buys New Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Mercer Global Advisors Inc. ADV bought a new position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 1,405 shares of the construction company's stock, valued at approximately $237,000.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Sterling Infrastructure by 30.0% during the 4th quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company's stock valued at $425,135,000 after buying an additional 581,847 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Sterling Infrastructure during the 4th quarter valued at approximately $47,712,000. Capital Research Global Investors raised its position in shares of Sterling Infrastructure by 78.5% during the 4th quarter. Capital Research Global Investors now owns 574,976 shares of the construction company's stock valued at $96,855,000 after buying an additional 252,934 shares during the period. First Trust Advisors LP raised its position in shares of Sterling Infrastructure by 74.1% during the 4th quarter. First Trust Advisors LP now owns 356,339 shares of the construction company's stock valued at $60,025,000 after buying an additional 151,642 shares during the period. Finally, Invesco Ltd. raised its position in shares of Sterling Infrastructure by 22.5% during the 4th quarter. Invesco Ltd. now owns 757,273 shares of the construction company's stock valued at $127,563,000 after buying an additional 139,081 shares during the period. 80.95% of the stock is owned by hedge funds and other institutional investors.

Sterling Infrastructure Trading Up 0.1%

Sterling Infrastructure stock traded up $0.20 during trading on Thursday, hitting $182.29. The company had a trading volume of 513,988 shares, compared to its average volume of 499,254. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $206.07. 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's 50 day simple moving average is $145.55 and its 200-day simple moving average is $156.57. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 30.79, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on STRL. 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. Wall Street Zen upgraded shares of Sterling Infrastructure from a "hold" rating to a "buy" rating in a report on Thursday.

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.