Loomis Sayles & Co. L P Has $62.36 Million Holdings in Sterling Infrastructure, Inc. (NASDAQ:STRL)
Loomis Sayles & Co. L P reduced its stake in Sterling Infrastructure, Inc. (NASDAQ:STRL) by 2.8% in Q4, holding 370,185 shares valued at approximately $62.36 million. Other hedge funds also adjusted their positions, with Quarry LP increasing its stake by 510.7%. Institutional investors own 80.95% of Sterling's stock. The company's shares opened at $125.56, with a market cap of $3.84 billion and a P/E ratio of 21.21. Recent analyst ratings include a "buy" from DA Davidson and an "outperform" from William Blair.
Loomis Sayles & Co. L P trimmed its position in Sterling Infrastructure, Inc. (NASDAQ:STRL - Free Report) by 2.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 370,185 shares of the construction company's stock after selling 10,787 shares during the period. Loomis Sayles & Co. L P owned about 1.21% of Sterling Infrastructure worth $62,357,000 as of its most recent filing with the SEC.
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Other hedge funds also recently modified their holdings of the company. Quarry LP raised its position in shares of Sterling Infrastructure by 510.7% during the third quarter. Quarry LP now owns 171 shares of the construction company's stock worth $25,000 after purchasing an additional 143 shares during the period. SBI Securities Co. Ltd. bought a new position in Sterling Infrastructure in the fourth quarter valued at approximately $39,000. Arcadia Investment Management Corp MI acquired a new stake in Sterling Infrastructure in the fourth quarter valued at $71,000. Private Trust Co. NA bought a new position in Sterling Infrastructure during the third quarter worth about $78,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Sterling Infrastructure by 1,369.0% during the 4th quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company's stock worth $104,000 after acquiring an additional 575 shares during the last quarter. Institutional investors own 80.95% of the company's stock.
Sterling Infrastructure Price Performance
Shares of NASDAQ STRL opened at $125.56 on Thursday. The firm's 50-day moving average price is $137.65 and its 200-day moving average price is $156.14. The firm has a market capitalization of $3.84 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.28 and a beta of 1.32. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $206.07.
Analyst Ratings Changes
Several research firms recently weighed in on STRL. DA Davidson raised Sterling Infrastructure from a "neutral" rating to a "buy" rating and set a $185.00 price target for the company in a report on Thursday, February 27th. William Blair started coverage on shares of Sterling Infrastructure in a research report on Friday, January 17th. They set an "outperform" rating for the company. Finally, StockNews.com lowered shares of Sterling Infrastructure from a "buy" rating to a "hold" rating in a report on Monday.
Check Out Our Latest Stock Report on STRL
About Sterling Infrastructure
(Free Report)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.
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