PNC Financial Services Group Inc. Buys 137 Shares of Sterling Infrastructure, Inc. (NASDAQ:STRL)

PNC Financial Services Group Inc. raised its stake in shares of Sterling Infrastructure, Inc. (NASDAQ:STRL) by 7.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,980 shares of the construction company’s stock after acquiring an additional 137 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Sterling Infrastructure were worth $334,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP increased its stake in Sterling Infrastructure by 510.7% in the third quarter. Quarry LP now owns 171 shares of the construction company’s stock valued at $25,000 after acquiring an additional 143 shares during the period. SBI Securities Co. Ltd. bought a new stake in Sterling Infrastructure in the fourth quarter valued at about $39,000. Arcadia Investment Management Corp MI bought a new stake in Sterling Infrastructure in the fourth quarter valued at about $71,000. Private Trust Co. NA bought a new stake in Sterling Infrastructure in the third quarter valued at about $78,000. Finally, Venturi Wealth Management LLC increased its stake in Sterling Infrastructure by 1,369.0% in the fourth quarter. Venturi Wealth Management LLC now owns 617 shares of the construction company’s stock valued at $104,000 after acquiring an additional 575 shares during the period. Institutional investors own 80.95% of the company’s stock.

Sterling Infrastructure Price Performance

Shares of Sterling Infrastructure stock opened at $126.63 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 21.39, a P/E/G ratio of 1.28 and a beta of 1.32. Sterling Infrastructure, Inc. has a 1-year low of $93.50 and a 1-year high of $206.07. The firm’s 50-day moving average price is $140.05 and its two-hundred day moving average price is $155.37.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com raised shares of Sterling Infrastructure from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th. William Blair began coverage on shares of Sterling Infrastructure in a research note on Friday, January 17th. They issued an “outperform” rating on the stock. Finally, 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 note on Thursday, February 27th.

Sterling Infrastructure 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.