Mercer Global Advisors Inc. ADV Invests $237,000 in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Mercer Global Advisors Inc. ADV purchased a new position in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,405 shares of the construction company’s stock, valued at approximately $237,000.

Several other institutional investors also recently modified their holdings of the business. Triumph Capital Management acquired a new stake in shares of Sterling Infrastructure during the 4th quarter worth approximately $348,000. Comerica Bank boosted its stake in Sterling Infrastructure by 10.4% during the 4th quarter. Comerica Bank now owns 1,832 shares of the construction company’s stock worth $309,000 after acquiring an additional 172 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in Sterling Infrastructure during the 4th quarter worth approximately $132,000. Northern Trust Corp boosted its stake in Sterling Infrastructure by 4.9% during the 4th quarter. Northern Trust Corp now owns 341,049 shares of the construction company’s stock worth $57,450,000 after acquiring an additional 15,961 shares during the last quarter. Finally, Hancock Whitney Corp boosted its stake in Sterling Infrastructure by 6.7% during the 4th quarter. Hancock Whitney Corp now owns 3,537 shares of the construction company’s stock worth $596,000 after acquiring an additional 222 shares during the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Sterling Infrastructure Trading Up 2.0%

STRL stock opened at $188.57 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.29 and a current ratio of 1.29. The company’s 50-day simple moving average is $140.32 and its 200 day simple moving average is $155.71. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07. The company has a market capitalization of $5.73 billion, a PE ratio of 31.85, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. StockNews.com lowered shares of 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 note on Friday, January 17th. They set an “outperform” rating on the stock. Finally, DA Davidson raised shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Thursday, February 27th.

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.