Kerrisdale Advisers LLC Acquires New Shares in Solstice Advanced Mat $SOLS

Key Points

• Kerrisdale Advisers acquired 28,465 shares of Solstice Advanced Materials during the second quarter, valued at approximately $2.52 million. Several other institutional investors also initiated positions.
• Analyst sentiment is favorable, with SOLS carrying a “Moderate Buy” consensus rating and an average price target of $78.25; recent firms upgraded the stock or raised their targets.
• Solstice reported quarterly EPS of $0.88, beating the $0.79 consensus estimate, while reaffirming its 2026 outlook. The company also authorized a $500 million share repurchase program after terminating its proposed merger with Element Solutions.

Kerrisdale Advisers LLC acquired a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 28,465 shares of the company's stock, valued at approximately $2,522,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Westerkirk Capital Inc. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter worth about $25,000. Global Trust Asset Management LLC bought a new position in shares of Solstice Advanced Mat during the 1st quarter valued at about $26,000. Heritage Wealth Advisors acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at approximately $26,000. Princeton Global Asset Management LLC acquired a new position in shares of Solstice Advanced Mat in the 1st quarter valued at approximately $27,000. Finally, Manning & Napier Advisors LLC bought a new stake in Solstice Advanced Mat during the 2nd quarter worth approximately $27,000.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SOLS. TD Cowen began coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They issued a "hold" rating and a $90.00 price target for the company. UBS Group boosted their price objective on shares of Solstice Advanced Mat from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Vertical Research raised shares of Solstice Advanced Mat from a "hold" rating to a "buy" rating and set a $79.00 price objective on the stock in a research report on Wednesday, July 22nd. Zacks Research raised shares of Solstice Advanced Mat from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 3rd. Finally, Weiss Ratings upgraded Solstice Advanced Mat from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $78.25.

More Solstice Advanced Mat News

Here are the key news stories impacting Solstice Advanced Mat this week:

• Positive Sentiment: Merger termination removes deal-related concerns. Solstice and Element Solutions mutually agreed to end their cash-and-stock merger after shareholder feedback. The decision eliminates a large, complex transaction and signals that management and the boards believe Solstice is better positioned as a standalone company. Neither side will pay a termination fee. Solstice Announces Mutual Termination of Merger Agreement
• Positive Sentiment: $500 million share-repurchase authorization supports the stock. Solstice’s board approved the company’s first buyback program, giving management a way to return cash to investors and potentially reduce the share count. The authorization also addresses concerns that the Element transaction could have diluted shareholder value. Solstice Launches Share Buyback
• Positive Sentiment: 2026 outlook was reaffirmed. Management maintained its third-quarter and full-year 2026 guidance, reducing fears that ending the merger reflects weakening operating conditions. The company’s latest reported quarter also exceeded earnings expectations, with earnings per share of $0.88 versus a $0.79 consensus estimate.
• Neutral Sentiment: Analyst targets remain above the current trading level. Recent targets for SOLS have a median of $95, although targets are estimates rather than guarantees and may not reflect the newly standalone strategy. Analyst Price Targets for Solstice
• Negative Sentiment: Heavy put-option activity is a risk signal. Investors traded 16,453 put options, roughly 283% above average daily volume, suggesting some traders are positioning for downside or hedging after the sharp move. This activity does not necessarily indicate a fundamental deterioration.

Solstice Advanced Mat Stock Performance

NASDAQ:SOLS opened at $63.53 on Monday. The company has a market cap of $10.09 billion and a P/E ratio of 35.89. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The business has a 50 day moving average price of $64.99 and a two-hundred day moving average price of $74.37. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.88 earnings per share (EPS) 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, analysts expect that Solstice Advanced Mat will post 2.87 EPS for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, August 27th. Solstice Advanced Mat's payout ratio is presently 16.95%.

About Solstice Advanced Mat

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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