Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Solstice Advanced Mat (NASDAQ:SOLS – Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 39,295 shares of the company’s stock, valued at approximately $1,909,000.
A number of other institutional investors also recently modified their holdings of SOLS. DiNuzzo Private Wealth Inc. bought a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at $26,000. Hoey Investments Inc. bought a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at $27,000. JNBA Financial Advisors bought a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at $29,000. Finally, Motco bought a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at $30,000.
Solstice Advanced Mat Stock Down 3.7%
Solstice Advanced Mat stock opened at $81.02 on Friday. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The firm has a market capitalization of $12.87 billion and a price-to-earnings ratio of 91.03. The firm’s fifty day moving average price is $81.33 and its two-hundred day moving average price is $67.85. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40.
Solstice Advanced Mat Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is 33.71%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the stock. UBS Group increased their target price on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Royal Bank Of Canada increased their target price on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Vertical Research lowered shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research note on Thursday, May 14th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $86.50.
Get Our Latest Analysis 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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