UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 507,798 shares of the company’s stock, valued at approximately $44,991,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.32% of Solstice Advanced Mat at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of SOLS. Wesbanco Bank Inc. bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $649,000. Carnegie Investment Counsel bought a new stake in shares of Solstice Advanced Mat in the 1st quarter worth approximately $2,628,000. Nwam LLC acquired a new position in Solstice Advanced Mat during the 4th quarter valued at approximately $1,253,000. Crestwood Advisors Group LLC acquired a new position in Solstice Advanced Mat during the 4th quarter valued at approximately $709,000. Finally, Olstein Capital Management L.P. acquired a new position in Solstice Advanced Mat during the 4th quarter valued at approximately $2,803,000.
Solstice Advanced Mat Stock Down 1.2%
SOLS opened at $60.99 on Thursday. The stock’s 50 day moving average price is $63.55 and its 200 day moving average price is $74.16. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.46 and a quick ratio of 1.08. The stock has a market cap of $9.69 billion and a P/E ratio of 34.46. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80.
Solstice Advanced Mat Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be paid a dividend of $0.075 per share. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.30 annualized dividend and a yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio is currently 16.95%.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on SOLS shares. Zacks Research upgraded Solstice Advanced Mat from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Morgan Stanley lowered shares of Solstice Advanced Mat to a “buy” rating in a research report on Monday, July 13th. Mizuho dropped their price objective on shares of Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, July 15th. BMO Capital Markets cut their price objective on shares of Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, July 16th. Finally, Wall Street Zen lowered shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $78.25.
Read Our Latest Analysis on Solstice Advanced Mat
Solstice Advanced Mat Company Profile
Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.
Featured Articles
- Five stocks we like better than Solstice Advanced Mat
- Striking Oil: How the U.S. Play for Venezuela Fuels Supermajors
- J.M. Smucker Stock’s Rally Has More Than Tariffs Behind It
- Wendy’s Rally Fades After Trian Steps Back: Was It Ever Real?
- GitLab’s Earnings Beat Just Gave Software Bulls a New SaaSpocalypse 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.
