US Bancorp DE Has $92,000 Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)

US Bancorp DE trimmed its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 544 shares of the construction company’s stock after selling 91 shares during the period. US Bancorp DE’s holdings in Sterling Infrastructure were worth $92,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. State Street Corp raised its position in shares of Sterling Infrastructure by 0.7% during the third quarter. State Street Corp now owns 713,234 shares of the construction company’s stock worth $103,433,000 after acquiring an additional 5,106 shares during the last quarter. Bay Rivers Group acquired a new position in Sterling Infrastructure in the fourth quarter valued at $341,000. Convergence Investment Partners LLC lifted its holdings in Sterling Infrastructure by 47.7% in the fourth quarter. Convergence Investment Partners LLC now owns 9,297 shares of the construction company’s stock valued at $1,566,000 after buying an additional 3,002 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Sterling Infrastructure by 7.9% in 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 purchasing an additional 49,008 shares during the period. Finally, Park Avenue Securities LLC bought a new stake in Sterling Infrastructure in the fourth quarter worth approximately $253,000. 80.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on STRL. William Blair began coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They set an “outperform” rating on the stock. DA Davidson raised shares of Sterling Infrastructure from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a research report on Thursday, February 27th. Finally, StockNews.com upgraded Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th.

Sterling Infrastructure Price Performance

Shares of NASDAQ STRL opened at $120.49 on Tuesday. 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 company has a market capitalization of $3.69 billion, a PE ratio of 20.35, a PEG ratio of 1.28 and a beta of 1.32. The stock’s 50 day moving average price is $143.41 and its 200-day moving average price is $155.74. Sterling Infrastructure, Inc. has a twelve month low of $93.50 and a twelve month high of $206.07.

Insider Buying and Selling at Sterling Infrastructure

In other news, Director Dana C. O’brien sold 2,000 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $175.89, for a total transaction of $351,780.00. Following the completion of the transaction, the director now owns 25,901 shares in the company, valued at approximately $4,555,726.89. This represents a 7.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is owned by corporate insiders.

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.