Deutsche Bank AG Boosts Stake in Sterling Infrastructure, Inc. (NASDAQ:STRL)

Deutsche Bank AG lifted its holdings in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 43.8% during the fourth quarter, Holdings Channel reports. The fund owned 31,531 shares of the construction company’s stock after purchasing an additional 9,610 shares during the quarter. Deutsche Bank AG’s holdings in Sterling Infrastructure were worth $5,311,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of STRL. Vanguard Group Inc. grew its stake in Sterling Infrastructure by 30.0% during the 4th quarter. Vanguard Group Inc. now owns 2,523,804 shares of the construction company’s stock valued at $425,135,000 after purchasing an additional 581,847 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Sterling Infrastructure by 22.5% during the 4th quarter. Invesco Ltd. now owns 757,273 shares of the construction company’s stock valued at $127,563,000 after buying an additional 139,081 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Sterling Infrastructure by 7.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 666,909 shares of the construction company’s stock worth $111,873,000 after buying an additional 49,008 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Sterling Infrastructure by 78.5% in the fourth quarter. Capital Research Global Investors now owns 574,976 shares of the construction company’s stock worth $96,855,000 after buying an additional 252,934 shares during the last quarter. Finally, GW&K Investment Management LLC raised its holdings in Sterling Infrastructure by 3.4% in the fourth quarter. GW&K Investment Management LLC now owns 363,251 shares of the construction company’s stock valued at $61,190,000 after acquiring an additional 12,064 shares in the last quarter. Institutional investors and hedge funds own 80.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in 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 for the company in a report on Thursday, February 27th. StockNews.com cut shares of Sterling Infrastructure from a “buy” rating to a “hold” rating in a research report on Wednesday, April 9th.

Sterling Infrastructure Trading Up 2.0%

NASDAQ:STRL opened at $188.57 on Monday. The company has a market cap of $5.73 billion, a PE ratio of 31.85, a P/E/G ratio of 1.28 and a beta of 1.27. The business’s 50 day moving average is $140.32 and its two-hundred day moving average is $155.74. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 52 week low of $93.50 and a 52 week high of $206.07.

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.