Alliancebernstein L.P. Increases Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Alliancebernstein L.P. increased its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 38.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 44,470 shares of the construction company's stock after purchasing an additional 12,320 shares during the period. Alliancebernstein L.P. owned approximately 0.14% of Sterling Infrastructure worth $7,491,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP grew its stake in shares of Sterling Infrastructure by 510.7% in the third quarter. Quarry LP now owns 171 shares of the construction company's stock valued at $25,000 after buying an additional 143 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Sterling Infrastructure during the 4th quarter valued at about $39,000. Arcadia Investment Management Corp MI acquired a new position in Sterling Infrastructure in the 4th quarter valued at about $71,000. Venturi Wealth Management LLC increased its stake in Sterling Infrastructure by 1,369.0% during 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. Finally, IFP Advisors Inc lifted its position in shares of Sterling Infrastructure by 102.8% during the fourth quarter. IFP Advisors Inc now owns 657 shares of the construction company's stock worth $111,000 after purchasing an additional 333 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company's stock.

Analyst Upgrades and Downgrades

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

Sterling Infrastructure Stock Up 0.3 %

Shares of STRL stock traded up $0.43 during trading hours on Thursday, reaching $140.87. 190,222 shares of the stock were exchanged, compared to its average volume of 474,420. Sterling Infrastructure, Inc. has a 12-month low of $93.50 and a 12-month high of $206.07. The business's fifty day moving average is $124.31 and its two-hundred day moving average is $154.54. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $4.28 billion, a P/E ratio of 23.73, a P/E/G ratio of 1.28 and a beta of 1.19.

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.