Deutsche Bank AG Grows Stock Holdings in Sterling Infrastructure, Inc. $STRL

Deutsche Bank AG grew its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 2.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 32,329 shares of the construction company’s stock after purchasing an additional 798 shares during the period. Deutsche Bank AG owned approximately 0.11% of Sterling Infrastructure worth $3,660,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. lifted its holdings in shares of Sterling Infrastructure by 689.7% during the first quarter. Sunbelt Securities Inc. now owns 229 shares of the construction company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Sterling Infrastructure by 355.8% during the first quarter. Versant Capital Management Inc now owns 237 shares of the construction company’s stock valued at $27,000 after purchasing an additional 185 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Sterling Infrastructure during the first quarter valued at approximately $28,000. SBI Securities Co. Ltd. lifted its holdings in shares of Sterling Infrastructure by 111.3% during the first quarter. SBI Securities Co. Ltd. now owns 488 shares of the construction company’s stock valued at $55,000 after purchasing an additional 257 shares during the last quarter. Finally, Ensign Peak Advisors Inc purchased a new position in shares of Sterling Infrastructure during the fourth quarter valued at approximately $107,000. 80.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STRL has been the subject of several recent research reports. DA Davidson lifted their target price on shares of Sterling Infrastructure from $265.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Wall Street Zen upgraded shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a report on Saturday, August 9th.

Insider Buying and Selling

In other news, General Counsel Mark D. Wolf sold 3,500 shares of the firm’s stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $225.87, for a total value of $790,545.00. Following the transaction, the general counsel directly owned 29,315 shares in the company, valued at $6,621,379.05. This trade represents a 10.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Dana C. O’brien sold 10,154 shares of the firm’s stock in a transaction on Monday, June 16th. The stock was sold at an average price of $206.58, for a total value of $2,097,613.32. Following the completion of the transaction, the director owned 16,498 shares in the company, valued at approximately $3,408,156.84. This trade represents a 38.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.70% of the stock is owned by insiders.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $283.20 on Tuesday. Sterling Infrastructure, Inc. has a twelve month low of $96.34 and a twelve month high of $321.79. The firm has a market cap of $8.61 billion, a P/E ratio of 30.78, a PEG ratio of 2.09 and a beta of 1.46. The company has a 50 day moving average of $247.73 and a 200 day moving average of $181.29. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.31.

Sterling Infrastructure Company 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.