VIRGINIA RETIREMENT SYSTEMS ET Al Buys 30,700 Shares of Solstice Advanced Mat $SOLS

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) by 274.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,900 shares of the company’s stock after buying an additional 30,700 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Solstice Advanced Mat were worth $2,360,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BOKF NA raised its position in Solstice Advanced Mat by 27.7% in the third quarter. BOKF NA now owns 27,481 shares of the company’s stock worth $1,548,000 after acquiring an additional 5,966 shares during the period. Laurel Wealth Advisors LLC bought a new position in shares of Solstice Advanced Mat during the 3rd quarter valued at approximately $83,000. MADDEN SECURITIES Corp bought a new position in shares of Solstice Advanced Mat during the 3rd quarter valued at approximately $78,000. WD Rutherford LLC grew its position in shares of Solstice Advanced Mat by 43.9% during the 3rd quarter. WD Rutherford LLC now owns 14,890 shares of the company’s stock valued at $839,000 after acquiring an additional 4,542 shares during the period. Finally, Oppenheimer & Co. Inc. increased its stake in shares of Solstice Advanced Mat by 64.8% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 21,476 shares of the company’s stock worth $1,210,000 after purchasing an additional 8,447 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SOLS shares. Seaport Research Partners assumed coverage on shares of Solstice Advanced Mat in a report on Wednesday, October 7th. They issued a “buy” rating and a $80.00 price target on the stock. Vertical Research upgraded Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Wednesday, July 22nd. Jefferies Financial Group initiated coverage on Solstice Advanced Mat in a report on Thursday, September 3rd. They set a “buy” rating and a $86.00 price objective for the company. Truist Financial set a $75.00 target price on Solstice Advanced Mat and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $87.00 target price on shares of Solstice Advanced Mat in a research report on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned 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 $77.30.

Solstice Advanced Mat Stock Up 4.8%

Shares of NASDAQ:SOLS opened at $61.74 on Wednesday. The firm has a fifty day moving average price of $59.90 and a two-hundred day moving average price of $69.99. The company has a market cap of $9.81 billion and a price-to-earnings ratio of 34.88. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.46 and a quick ratio of 1.08. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80.

About Solstice Advanced Mat

Solstice Advanced Materials, Inc (NASDAQ:SOLS) is a specialty materials company that develops and manufactures engineered materials and chemical technologies for industrial and commercial applications. The company was established as an independent public company following the separation of Honeywell’s Advanced Materials business.

Its portfolio includes fluorine-based products, specialty films, advanced fibers, resins, additives, and other performance materials. These products are used in areas such as refrigeration and air conditioning, healthcare and pharmaceutical packaging, electronics and semiconductors, transportation, aerospace, and protective equipment.

Solstice Advanced Materials serves customers across global markets through a portfolio that includes Solstice refrigerants and blowing agents, Aclar specialty pharmaceutical films, and Spectra high-performance fibers.