Cerity Partners LLC Sells 499 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

Cerity Partners LLC trimmed its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 9.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,685 shares of the construction company’s stock after selling 499 shares during the period. Cerity Partners LLC’s holdings in Sterling Infrastructure were worth $744,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Bay Rivers Group bought a new position in Sterling Infrastructure during the fourth quarter valued at about $341,000. Convergence Investment Partners LLC raised its holdings in shares of Sterling Infrastructure by 47.7% during the fourth quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company’s stock valued at $1,566,000 after acquiring an additional 3,002 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Sterling Infrastructure by 7.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock valued at $111,873,000 after buying an additional 49,008 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in shares of Sterling Infrastructure during the fourth quarter valued at approximately $253,000. Finally, Spire Wealth Management boosted its holdings in Sterling Infrastructure by 265.1% in the fourth quarter. Spire Wealth Management now owns 8,792 shares of the construction company’s stock worth $1,481,000 after purchasing an additional 6,384 shares during the last quarter. 80.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STRL has been the topic of a number of research analyst reports. StockNews.com cut Sterling Infrastructure from a “buy” rating to a “hold” rating in a report on Wednesday, April 9th. William Blair initiated coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They set an “outperform” rating on the stock. Finally, DA Davidson upgraded Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a report on Thursday, February 27th.

Sterling Infrastructure Stock Down 0.1 %

Shares of STRL stock opened at $140.27 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 1.28 and a beta of 1.19. The stock’s fifty day moving average price is $124.01 and its 200 day moving average price is $154.61. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $206.07.

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.