VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in Solstice Advanced Mat (NASDAQ:SOLS – Free Report) by 274.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,900 shares of the company’s stock after purchasing an additional 30,700 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Solstice Advanced Mat were worth $2,360,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of SOLS. State Street Corp bought a new stake in Solstice Advanced Mat during the second quarter worth $448,557,000. Bank of America Corp DE bought a new position in Solstice Advanced Mat during the 2nd quarter valued at $153,615,000. Anchor Capital Advisors LLC bought a new position in Solstice Advanced Mat during the 2nd quarter valued at $55,866,000. Alyeska Investment Group L.P. purchased a new position in Solstice Advanced Mat during the 2nd quarter worth $49,768,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Solstice Advanced Mat during the 2nd quarter worth $44,991,000.
Analysts Set New Price Targets
Several analysts have recently issued reports on SOLS shares. BMO Capital Markets reiterated an “outperform” rating and issued a $87.00 target price on shares of Solstice Advanced Mat in a research note on Wednesday, October 21st. Zacks Research lowered shares of Solstice Advanced Mat from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Mizuho dropped their price target on shares of Solstice Advanced Mat from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, October 1st. Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Wednesday, July 22nd. Finally, Barclays initiated coverage on shares of Solstice Advanced Mat in a research report on Monday, October 12th. They issued an “overweight” rating and a $73.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Solstice Advanced Mat currently has an average rating of “Moderate Buy” and an average target price of $77.30.
Read Our Latest Report on SOLS
Solstice Advanced Mat Stock Performance
Shares of SOLS opened at $61.74 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $9.81 billion and a price-to-earnings ratio of 34.88. The stock has a 50 day moving average of $59.90 and a 200 day moving average of $69.99. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80.
About Solstice Advanced Mat
Solstice Advanced Materials, Inc (NASDAQ:SOLS) is a specialty materials company that develops and manufactures engineered materials and chemical technologies for industrial and commercial applications. The company was established as an independent public company following the separation of Honeywell’s Advanced Materials business.
Its portfolio includes fluorine-based products, specialty films, advanced fibers, resins, additives, and other performance materials. These products are used in areas such as refrigeration and air conditioning, healthcare and pharmaceutical packaging, electronics and semiconductors, transportation, aerospace, and protective equipment.
Solstice Advanced Materials serves customers across global markets through a portfolio that includes Solstice refrigerants and blowing agents, Aclar specialty pharmaceutical films, and Spectra high-performance fibers.
Featured Articles
- Five stocks we like better than Solstice Advanced Mat
- Marriott’s Earnings Beat Shows Why It’s More Than a Bet on Travel Demand
- Franklin Templeton’s New ETFs Turn Stock Dividends Into Bitcoin—What’s the Catch?
- Apple’s Earnings Beat Comes With a Catch for Investors Heading Into the Holidays
- Palantir’s $2.3 Billion Quarter Puts Its Premium Valuation to the Test
Want to see what other hedge funds are holding SOLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Solstice Advanced Mat (NASDAQ:SOLS – Free Report).
Receive News & Ratings for Solstice Advanced Mat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solstice Advanced Mat and related companies with MarketBeat.com's FREE daily email newsletter.
