Squarepoint Ops LLC Invests $11.69 Million in Solstice Advanced Mat $SOLS

Squarepoint Ops LLC purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 131,959 shares of the company’s stock, valued at approximately $11,692,000. Squarepoint Ops LLC owned approximately 0.08% of Solstice Advanced Mat as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Carnegie Investment Counsel purchased a new stake in Solstice Advanced Mat during the 1st quarter valued at about $2,628,000. Fifth Third Bancorp lifted its stake in Solstice Advanced Mat by 38.5% in the 1st quarter. Fifth Third Bancorp now owns 126,175 shares of the company’s stock worth $9,609,000 after purchasing an additional 35,102 shares in the last quarter. Kerrisdale Advisers LLC acquired a new position in shares of Solstice Advanced Mat during the 2nd quarter worth approximately $2,522,000. Equitable Holdings Inc. acquired a new position in shares of Solstice Advanced Mat during the 2nd quarter worth approximately $990,000. Finally, Ancora Advisors LLC purchased a new stake in shares of Solstice Advanced Mat in the second quarter valued at approximately $8,758,000.

Analysts Set New Price Targets

SOLS has been the subject of several recent research reports. 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 lowered their price objective on Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Morgan Stanley downgraded Solstice Advanced Mat to a “buy” rating in a research note on Monday, July 13th. Jefferies Financial Group assumed coverage on Solstice Advanced Mat in a report on Thursday, September 3rd. They set a “buy” rating and a $86.00 price target on the stock. Finally, Zacks Research raised shares of Solstice Advanced Mat from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.11.

Solstice Advanced Mat Stock Down 2.0%

Shares of NASDAQ:SOLS opened at $63.26 on Thursday. The company has a market capitalization of $10.05 billion and a price-to-earnings ratio of 35.74. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. The business has a 50-day moving average price of $61.41 and a 200 day moving average price of $73.60. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 1.30.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its earnings results on Thursday, July 30th. The company reported $0.88 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. Sell-side analysts expect that Solstice Advanced Mat will post 2.88 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be given 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 dividend yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio (DPR) 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.