Harvest Investment Services LLC Raises Stock Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Harvest Investment Services LLC boosted its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 143.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,555 shares of the construction company's stock after acquiring an additional 12,690 shares during the period. Sterling Infrastructure comprises approximately 0.9% of Harvest Investment Services LLC's portfolio, making the stock its 28th largest position. Harvest Investment Services LLC owned approximately 0.07% of Sterling Infrastructure worth $3,631,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

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

Sterling Infrastructure Stock Performance

NASDAQ STRL traded up $5.75 on Friday, hitting $151.75. 838,973 shares of the company's stock were exchanged, compared to its average volume of 490,140. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 25.63, a P/E/G ratio of 1.28 and a beta of 1.19. The firm's 50-day moving average price is $124.76 and its two-hundred day moving average price is $154.25. Sterling Infrastructure, Inc. has a fifty-two week low of $93.50 and a fifty-two week high of $206.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29.

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.