Squarepoint Ops LLC bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 131,959 shares of the company’s stock, valued at approximately $11,692,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of SOLS. California State Teachers Retirement System acquired a new stake in shares of Solstice Advanced Mat during the second quarter worth about $1,445,853,000. State Street Corp purchased a new stake in Solstice Advanced Mat during the 4th quarter worth approximately $245,276,000. Morgan Stanley acquired a new stake in Solstice Advanced Mat during the 4th quarter worth approximately $195,151,000. Madison Avenue Partners LP purchased a new position in Solstice Advanced Mat in the 4th quarter valued at approximately $135,172,000. Finally, Norges Bank acquired a new position in shares of Solstice Advanced Mat in the fourth quarter worth $128,368,000.
Solstice Advanced Mat Stock Down 2.0%
Shares of NASDAQ:SOLS opened at $63.26 on Thursday. The firm has a 50 day simple moving average of $61.41 and a 200-day simple moving average of $73.60. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. 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 $10.05 billion and a PE ratio of 35.74.
Solstice Advanced Mat Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be issued 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 dividend yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio (DPR) is presently 16.95%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on SOLS. Vertical Research upgraded Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Wednesday, July 22nd. Mizuho cut their price target on Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, July 15th. Wall Street Zen lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Royal Bank Of Canada decreased their price objective on Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Finally, Jefferies Financial Group started coverage on Solstice Advanced Mat in a research report on Thursday, September 3rd. They set a “buy” rating and a $86.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.11.
Read Our Latest Stock Report on SOLS
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.
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