Public Employees Retirement System of Ohio Makes New Investment in Solstice Advanced Mat $SOLS

Public Employees Retirement System of Ohio bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 45,360 shares of the company’s stock, valued at approximately $4,019,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Manning & Napier Advisors LLC bought a new position in Solstice Advanced Mat in the second quarter valued at approximately $27,000. Global Trust Asset Management LLC bought a new stake in Solstice Advanced Mat during the first quarter worth $26,000. Compass Financial Management LLC bought a new stake in Solstice Advanced Mat during the second quarter worth $28,000. Princeton Global Asset Management LLC acquired a new stake in shares of Solstice Advanced Mat in the 1st quarter valued at $27,000. Finally, Philadelphia Investment Partners LLC acquired a new stake in shares of Solstice Advanced Mat in the 2nd quarter valued at $34,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SOLS shares. Wall Street Zen cut Solstice Advanced Mat from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Royal Bank Of Canada decreased their target price on Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Vertical Research raised Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research note on Wednesday, July 22nd. Mizuho dropped their target price on shares of Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, July 15th. Finally, UBS Group raised their price target on shares of Solstice Advanced Mat from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.11.

Solstice Advanced Mat Trading Up 0.6%

NASDAQ SOLS opened at $61.37 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30. The business has a 50 day moving average price of $63.04 and a 200-day moving average price of $74.04. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80. The company has a market cap of $9.75 billion and a price-to-earnings ratio of 34.67.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. The company had revenue of $1.15 billion for the quarter. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. As a group, equities analysts expect that Solstice Advanced Mat will post 2.88 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 0.5%. Solstice Advanced Mat’s payout ratio is presently 16.95%.

Solstice Advanced Mat 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.