Ieq Capital LLC Invests $704,000 in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Ieq Capital LLC purchased a new stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,181 shares of the construction company’s stock, valued at approximately $704,000.

Several other hedge funds have also made changes to their positions in STRL. Principal Financial Group Inc. raised its stake in Sterling Infrastructure by 1,088.1% during the 3rd quarter. Principal Financial Group Inc. now owns 355,546 shares of the construction company’s stock valued at $51,561,000 after purchasing an additional 325,620 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Sterling Infrastructure during the fourth quarter valued at $47,712,000. International Assets Investment Management LLC raised its position in Sterling Infrastructure by 14,112.0% during the third quarter. International Assets Investment Management LLC now owns 142,120 shares of the construction company’s stock valued at $20,610,000 after buying an additional 141,120 shares during the period. WCM Investment Management LLC purchased a new stake in Sterling Infrastructure in the 4th quarter worth about $18,019,000. Finally, Congress Asset Management Co. boosted its position in Sterling Infrastructure by 19.1% during the 3rd quarter. Congress Asset Management Co. now owns 647,924 shares of the construction company’s stock worth $93,962,000 after acquiring an additional 104,096 shares during the period. Hedge funds and other institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Price Performance

STRL opened at $115.94 on Wednesday. The stock has a fifty day moving average price of $158.12 and a 200 day moving average price of $155.09. 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, Inc. has a 1 year low of $87.90 and a 1 year high of $206.07. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 1.28 and a beta of 1.24.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. William Blair started coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an “outperform” rating on the stock. StockNews.com upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday, February 20th.

Insider Transactions at Sterling Infrastructure

In related news, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total value of $351,780.00. Following the transaction, the director now owns 25,901 shares in the company, valued at approximately $4,555,726.89. This represents a 7.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.70% of the company’s stock.

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.