OMERS ADMINISTRATION Corp Sells 8,900 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

OMERS ADMINISTRATION Corp trimmed its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 52.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,200 shares of the construction company's stock after selling 8,900 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Sterling Infrastructure were worth $1,381,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research analysts have commented on STRL shares. DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price objective on the stock in a report on Thursday, February 27th. StockNews.com cut shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th.

Sterling Infrastructure Stock Up 0.7%

Sterling Infrastructure stock traded up $1.21 during midday trading on Tuesday, hitting $187.19. 559,841 shares of the company's stock were exchanged, compared to its average volume of 496,372. The firm has a 50-day moving average of $143.10 and a two-hundred day moving average of $156.18. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The company has a market cap of $5.69 billion, a PE ratio of 31.62, a P/E/G ratio of 1.28 and a beta of 1.27. Sterling Infrastructure, Inc. has a 12 month low of $93.50 and a 12 month high of $206.07.

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.