Rockefeller Capital Management L.P. Grows Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Rockefeller Capital Management L.P. boosted its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 54.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 198,702 shares of the construction company's stock after acquiring an additional 69,878 shares during the quarter. Rockefeller Capital Management L.P. owned 0.65% of Sterling Infrastructure worth $33,471,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in STRL. Stifel Financial Corp raised its holdings in shares of Sterling Infrastructure by 22.9% in the third quarter. Stifel Financial Corp now owns 23,418 shares of the construction company's stock valued at $3,396,000 after purchasing an additional 4,359 shares during the last quarter. State Street Corp increased its stake in Sterling Infrastructure by 0.7% in the 3rd quarter. State Street Corp now owns 713,234 shares of the construction company's stock valued at $103,433,000 after buying an additional 5,106 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new stake in Sterling Infrastructure in the 3rd quarter valued at about $207,000. MML Investors Services LLC grew its holdings in shares of Sterling Infrastructure by 28.3% in the third quarter. MML Investors Services LLC now owns 9,593 shares of the construction company's stock valued at $1,391,000 after acquiring an additional 2,118 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Sterling Infrastructure by 254.7% during the third quarter. Barclays PLC now owns 56,945 shares of the construction company's stock worth $8,259,000 after acquiring an additional 40,891 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 analysts have issued reports on STRL shares. StockNews.com downgraded Sterling Infrastructure from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. William Blair assumed coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They issued an "outperform" rating on the stock. Finally, DA Davidson upgraded shares of Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 target price on the stock in a research note on Thursday, February 27th.

Sterling Infrastructure Stock Performance

Shares of STRL stock traded down $0.17 on Friday, hitting $140.27. 1,045,290 shares of the stock were exchanged, compared to its average volume of 479,072. The firm's 50 day moving average is $124.01 and its two-hundred day moving average is $154.49. Sterling Infrastructure, Inc. has a one year low of $93.50 and a one year high of $206.07. The firm has a market capitalization of $4.27 billion, a PE ratio of 23.69, a P/E/G ratio of 1.28 and a beta of 1.19. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41.

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.