Harvest Fund Management Co. Ltd Buys 324 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Harvest Fund Management Co. Ltd boosted its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 28.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,445 shares of the construction company’s stock after purchasing an additional 324 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Sterling Infrastructure were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Quarry LP boosted its position in Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after purchasing an additional 143 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Sterling Infrastructure during the fourth quarter valued at about $39,000. Arcadia Investment Management Corp MI bought a new stake in Sterling Infrastructure during the fourth quarter valued at about $71,000. Private Trust Co. NA bought a new stake in Sterling Infrastructure during the third quarter valued at about $78,000. Finally, Venturi Wealth Management LLC boosted its holdings in Sterling Infrastructure by 1,369.0% in the fourth quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company’s stock worth $104,000 after acquiring an additional 575 shares in the last quarter. Institutional investors own 80.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. StockNews.com raised Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Thursday, March 6th. DA Davidson raised Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a report on Thursday, February 27th. Finally, William Blair assumed coverage on Sterling Infrastructure in a report on Friday, January 17th. They issued an “outperform” rating for the company.

Sterling Infrastructure Trading Up 0.6 %

Shares of NASDAQ:STRL opened at $126.63 on Friday. Sterling Infrastructure, Inc. has a 52-week low of $93.50 and a 52-week high of $206.07. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 21.39, a PEG ratio of 1.28 and a beta of 1.32. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $140.05 and a 200-day moving average price of $155.70.

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.