Looking at the logic & the symbols this is an auto request as the other line is manual, so it almost certainly (or should be set elsewhere in the program either directly or indirectly (perhaps at word level or indirect address), if the "latch" of this bit is before the logic shown it will always be true if told so when used in the rung shown, if set before then it will be true when it reaches this rung, even though it is reset afterwards the solenoid it is driving is still true on I/O update (assume SLC so cyclic update), if on next scan it is true then the solenoid will still be energised. This is certainly bad practice the other thing it might be that the solenoid is a double acting 5 port so it may only need a pulse (although a bit iffy triggering it in a single scan).
I do suggest doing a cross reference to see if it appears elsewhere in bit or word level.