Savant Capital LLC Acquires 1,608 Shares of Solaris Energy Infrastructure, Inc. $SEI

Savant Capital LLC boosted its stake in shares of Solaris Energy Infrastructure, Inc. (NYSE:SEI) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 26,160 shares of the company’s stock after buying an additional 1,608 shares during the period. Savant Capital LLC’s holdings in Solaris Energy Infrastructure were worth $740,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bank of New York Mellon Corp bought a new stake in shares of Solaris Energy Infrastructure during the first quarter worth $5,137,000. Nisa Investment Advisors LLC acquired a new position in Solaris Energy Infrastructure in the 1st quarter worth $41,000. Cerity Partners LLC bought a new position in Solaris Energy Infrastructure during the 1st quarter worth about $264,000. Ballentine Partners LLC bought a new position in Solaris Energy Infrastructure during the 1st quarter worth about $210,000. Finally, Arizona State Retirement System acquired a new stake in shares of Solaris Energy Infrastructure in the 1st quarter valued at about $213,000. Institutional investors and hedge funds own 67.44% of the company’s stock.

Solaris Energy Infrastructure Trading Up 0.2%

Shares of Solaris Energy Infrastructure stock opened at $45.04 on Friday. The stock has a market cap of $3.08 billion, a P/E ratio of 47.92 and a beta of 1.12. The company has a quick ratio of 2.98, a current ratio of 2.39 and a debt-to-equity ratio of 0.69. Solaris Energy Infrastructure, Inc. has a 12-month low of $14.27 and a 12-month high of $57.17. The business’s 50 day moving average is $44.48 and its 200-day moving average is $33.77.

Solaris Energy Infrastructure (NYSE:SEI) last released its earnings results on Monday, November 3rd. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.08. Solaris Energy Infrastructure had a net margin of 7.02% and a return on equity of 9.38%. The business had revenue of $166.84 million during the quarter, compared to analysts’ expectations of $142.82 million. Equities research analysts predict that Solaris Energy Infrastructure, Inc. will post 0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SEI shares. Northland Securities set a $61.00 price objective on Solaris Energy Infrastructure in a research report on Thursday, October 9th. Barclays boosted their target price on Solaris Energy Infrastructure from $44.00 to $61.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Stifel Nicolaus reaffirmed a “buy” rating and set a $45.00 price target (up previously from $41.00) on shares of Solaris Energy Infrastructure in a research report on Friday, July 25th. Citigroup raised their price target on shares of Solaris Energy Infrastructure from $38.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Piper Sandler cut their price objective on shares of Solaris Energy Infrastructure from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 20th. Three investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $49.44.

Insider Buying and Selling

In other news, CEO William A. Zartler acquired 10,000 shares of the stock in a transaction dated Tuesday, September 9th. The shares were bought at an average cost of $24.83 per share, for a total transaction of $248,300.00. Following the purchase, the chief executive officer directly owned 1,049,227 shares of the company’s stock, valued at approximately $26,052,306.41. This trade represents a 0.96% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edgar R. Jr. Giesinger sold 10,000 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $28.86, for a total transaction of $288,600.00. Following the completion of the sale, the director directly owned 90,956 shares in the company, valued at approximately $2,624,990.16. The trade was a 9.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 2,137,533 shares of company stock worth $106,727,467. Corporate insiders own 21.20% of the company’s stock.

Solaris Energy Infrastructure Company 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.