Baird Financial Group Inc. grew its position in Solaris Oilfield Infrastructure Inc (NYSE:SOI) by 9.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 394,383 shares of the company’s stock after purchasing an additional 32,542 shares during the period. Baird Financial Group Inc. owned approximately 0.84% of Solaris Oilfield Infrastructure worth $5,636,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Group One Trading L.P. bought a new stake in shares of Solaris Oilfield Infrastructure in the first quarter valued at about $138,000. Violich Capital Management Inc. bought a new stake in shares of Solaris Oilfield Infrastructure in the first quarter valued at about $176,000. US Bancorp DE lifted its holdings in shares of Solaris Oilfield Infrastructure by 847.1% in the second quarter. US Bancorp DE now owns 13,875 shares of the company’s stock valued at $199,000 after purchasing an additional 12,410 shares in the last quarter. Keybank National Association OH bought a new stake in shares of Solaris Oilfield Infrastructure in the second quarter valued at about $216,000. Finally, Rhumbline Advisers lifted its holdings in shares of Solaris Oilfield Infrastructure by 31.5% in the first quarter. Rhumbline Advisers now owns 15,538 shares of the company’s stock valued at $257,000 after purchasing an additional 3,725 shares in the last quarter. Institutional investors own 77.62% of the company’s stock.

NYSE:SOI opened at $16.70 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.94 and a current ratio of 2.26. The stock has a market capitalization of $719.23 million, a P/E ratio of 34.79 and a beta of 0.28. Solaris Oilfield Infrastructure Inc has a 52-week low of $12.97 and a 52-week high of $23.98.

Solaris Oilfield Infrastructure (NYSE:SOI) last released its earnings results on Thursday, August 2nd. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.04. The business had revenue of $47.20 million for the quarter, compared to the consensus estimate of $44.85 million. Solaris Oilfield Infrastructure had a return on equity of 18.91% and a net margin of 15.78%. Solaris Oilfield Infrastructure’s quarterly revenue was up 252.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 earnings per share. analysts anticipate that Solaris Oilfield Infrastructure Inc will post 1.78 earnings per share for the current year.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded Solaris Oilfield Infrastructure from a “sell” rating to a “hold” rating and set a $19.00 price target on the stock in a report on Tuesday, August 7th. ValuEngine downgraded Solaris Oilfield Infrastructure from a “hold” rating to a “sell” rating in a research report on Friday, September 7th. Stifel Nicolaus began coverage on Solaris Oilfield Infrastructure in a research report on Monday. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Solaris Oilfield Infrastructure in a research report on Monday, August 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $22.00.

Solaris Oilfield Infrastructure Company Profile

Solaris Oilfield Infrastructure, Inc manufactures and sells patented mobile proppant management systems to unload, store, and deliver proppant at oil and natural gas well sites in the United States. The company's systems are designed for transferring large quantities of proppant to the well sites.

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Institutional Ownership by Quarter for Solaris Oilfield Infrastructure (NYSE:SOI)

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