AlphaGrep UK Ltd Makes New $1.94 Million Investment in Solstice Advanced Mat $SOLS

Key Points

• AlphaGrep UK Ltd purchased 21,868 shares of Solstice Advanced Materials in the second quarter, valued at approximately $1.94 million. The position represents 0.6% of the fund’s portfolio and is its fourth-largest holding.
• Analysts remain broadly positive, with Solstice carrying a “Moderate Buy” consensus rating and an average price target of $79.11, although several firms recently lowered their targets.
• Solstice reported quarterly EPS of $0.88, surpassing the $0.79 consensus estimate, on $1.15 billion in revenue. The company also declared a quarterly dividend of $0.075 per share, equivalent to a 0.5% annual yield.

AlphaGrep UK Ltd purchased a new stake in Solstice Advanced Mat (NASDAQ:SOLS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 21,868 shares of the company's stock, valued at approximately $1,938,000. Solstice Advanced Mat makes up 0.6% of AlphaGrep UK Ltd's investment portfolio, making the stock its 4th biggest holding.

Several other large investors have also recently made changes to their positions in the stock. Westerkirk Capital Inc. purchased a new stake in Solstice Advanced Mat during the 4th quarter valued at about $25,000. Global Trust Asset Management LLC purchased a new position in Solstice Advanced Mat during the first quarter worth approximately $26,000. Heritage Wealth Advisors acquired a new position in shares of Solstice Advanced Mat during the 4th quarter valued at about $26,000. Princeton Global Asset Management LLC acquired a new position in Solstice Advanced Mat in the first quarter valued at approximately $27,000. Finally, Manning & Napier Advisors LLC purchased a new position in shares of Solstice Advanced Mat during the 2nd quarter worth $27,000.

Wall Street Analyst Weigh In

Several research analysts have recently commented on SOLS shares. Mizuho lowered their price objective on shares of Solstice Advanced Mat from $95.00 to $70.00 and set a "neutral" rating for the company in a research note on Wednesday, July 15th. Vertical Research raised Solstice Advanced Mat from a "hold" rating to a "buy" rating and set a $79.00 price target for the company in a report on Wednesday, July 22nd. Morgan Stanley cut shares of Solstice Advanced Mat to a "buy" rating in a research report on Monday, July 13th. Jefferies Financial Group assumed coverage on Solstice Advanced Mat in a report on Thursday. They set a "buy" rating and a $86.00 price objective on the stock. Finally, Royal Bank Of Canada reduced their target price on Solstice Advanced Mat from $102.00 to $82.00 and set an "outperform" rating for the company in a report on Friday, July 31st. One 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. Based on data from MarketBeat.com, Solstice Advanced Mat presently has a consensus rating of "Moderate Buy" and an average price target of $79.11.

Solstice Advanced Mat Trading Up 3.8%

NASDAQ SOLS opened at $63.73 on Friday. The company's fifty day simple moving average is $62.66 and its 200-day simple moving average is $73.97. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week 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 stock has a market cap of $10.12 billion and a P/E ratio of 36.01.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) 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 business had revenue of $1.15 billion during 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. Equities research analysts predict that Solstice Advanced Mat will post 2.88 EPS for the current fiscal year.

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 paid a dividend of $0.075 per share. The ex-dividend date 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 presently 16.95%.

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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