EAM Investors LLC Reduces Position in Sterling Infrastructure, Inc. (NASDAQ:STRL)

EAM Investors LLC reduced its holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 11.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,239 shares of the construction company’s stock after selling 4,511 shares during the period. Sterling Infrastructure makes up 0.8% of EAM Investors LLC’s holdings, making the stock its 17th biggest position. EAM Investors LLC’s holdings in Sterling Infrastructure were worth $5,599,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new position in Sterling Infrastructure in the 4th quarter worth approximately $39,000. Huntington National Bank lifted its position in Sterling Infrastructure by 34.6% during the fourth quarter. Huntington National Bank now owns 288 shares of the construction company’s stock worth $49,000 after buying an additional 74 shares in the last quarter. National Bank of Canada FI acquired a new position in Sterling Infrastructure during the fourth quarter worth $56,000. Arcadia Investment Management Corp MI purchased a new stake in Sterling Infrastructure in the 4th quarter valued at $71,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Sterling Infrastructure by 1,369.0% in the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company’s stock worth $104,000 after acquiring an additional 575 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Performance

Shares of Sterling Infrastructure stock opened at $141.00 on Wednesday. The firm has a market cap of $4.29 billion, a PE ratio of 23.82, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07. The business’s fifty day simple moving average is $124.49 and its 200-day simple moving average is $154.63.

Analyst Upgrades and Downgrades

STRL has been the topic of several recent research reports. William Blair started coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating on the stock. 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 report on Thursday, February 27th. Finally, StockNews.com downgraded shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Wednesday, April 9th.

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.