Park Avenue Securities LLC Invests $1.35 Million in Sterling Infrastructure, Inc. $STRL

Park Avenue Securities LLC acquired a new stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 5,838 shares of the construction company’s stock, valued at approximately $1,347,000.

Several other hedge funds and other institutional investors have also modified their holdings of STRL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Sterling Infrastructure by 10.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 74,358 shares of the construction company’s stock valued at $12,526,000 after purchasing an additional 7,062 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of Sterling Infrastructure by 289.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 907 shares of the construction company’s stock valued at $153,000 after purchasing an additional 674 shares in the last quarter. Forum Financial Management LP acquired a new position in shares of Sterling Infrastructure in the 4th quarter valued at about $224,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Sterling Infrastructure in the 4th quarter valued at about $6,914,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Sterling Infrastructure by 15.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,467 shares of the construction company’s stock valued at $584,000 after purchasing an additional 457 shares in the last quarter. 80.95% of the stock is owned by institutional investors and hedge funds.

Sterling Infrastructure Stock Performance

Shares of NASDAQ:STRL opened at $338.44 on Friday. The company has a market cap of $10.30 billion, a P/E ratio of 36.79, a PEG ratio of 2.55 and a beta of 1.35. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.42 and a current ratio of 1.42. Sterling Infrastructure, Inc. has a one year low of $96.34 and a one year high of $376.75. The business’s 50-day simple moving average is $291.73 and its 200 day simple moving average is $214.54.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wall Street Zen raised Sterling Infrastructure from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 13th. DA Davidson raised their target price on Sterling Infrastructure from $265.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. Finally, Zacks Research upgraded Sterling Infrastructure from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Sterling Infrastructure currently has a consensus rating of “Buy” and an average price target of $355.00.

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.