Boston Partners Buys 6,571 Shares of Solaris Energy Infrastructure, Inc. $SEI

Boston Partners boosted its position in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 14.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 52,909 shares of the company’s stock after acquiring an additional 6,571 shares during the period. Boston Partners’ holdings in Solaris Energy Infrastructure were worth $1,497,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Assetmark Inc. purchased a new stake in shares of Solaris Energy Infrastructure in the second quarter worth $25,000. Strs Ohio purchased a new position in shares of Solaris Energy Infrastructure during the 1st quarter valued at $28,000. US Bancorp DE bought a new position in Solaris Energy Infrastructure in the 1st quarter worth $38,000. Nisa Investment Advisors LLC increased its stake in Solaris Energy Infrastructure by 17.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,199 shares of the company’s stock worth $62,000 after buying an additional 333 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in Solaris Energy Infrastructure by 20.1% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,724 shares of the company’s stock worth $105,000 after buying an additional 623 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on SEI. Barclays upped their price objective on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Solaris Energy Infrastructure in a report on Monday, November 24th. Zacks Research downgraded shares of Solaris Energy Infrastructure from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Citigroup upped their price objective on Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Piper Sandler lifted their target price on Solaris Energy Infrastructure from $50.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Solaris Energy Infrastructure currently has a consensus rating of “Buy” and a consensus price target of $51.11.

Insider Transactions at Solaris Energy Infrastructure

In related news, CEO William A. Zartler purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were purchased at an average cost of $24.83 per share, for a total transaction of $248,300.00. Following the completion of the acquisition, the chief executive officer owned 1,049,227 shares in the company, valued at approximately $26,052,306.41. This trade represents a 0.96% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Ktr Management Company, Llc sold 2,114,783 shares of Solaris Energy Infrastructure stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $50.15, for a total transaction of $106,056,367.45. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 21.20% of the company’s stock.

Solaris Energy Infrastructure Stock Up 2.7%

Shares of NYSE:SEI opened at $47.89 on Monday. The firm has a market capitalization of $3.28 billion, a PE ratio of 50.95 and a beta of 1.14. The business has a 50 day simple moving average of $47.24 and a two-hundred day simple moving average of $35.54. Solaris Energy Infrastructure, Inc. has a 1 year low of $14.27 and a 1 year high of $57.17. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.39 and a quick ratio of 2.28.

Solaris Energy Infrastructure (NYSE:SEI) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.08. Solaris Energy Infrastructure had a return on equity of 9.38% and a net margin of 7.02%.The firm had revenue of $166.84 million for the quarter, compared to the consensus estimate of $142.82 million. On average, equities analysts predict that Solaris Energy Infrastructure, Inc. will post 0.36 EPS for the current year.

Solaris Energy Infrastructure Profile

Solaris Energy Infrastructure, Inc is a holding company, which engages in the manufacture of patented mobile proppant management systems that unload, store, and deliver proppant to oil and natural gas well sites. Its products include Mobile Proppant and Mobile Chemical Management Systems, and Inventory Management Software.