Capital International Investors Purchases New Holdings in Solstice Advanced Mat $SOLS

Capital International Investors purchased a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, HoldingsChannel reports. The firm purchased 33,949 shares of the company’s stock, valued at approximately $1,649,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $893,275,000. UBS Group AG acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $130,269,000. Norges Bank acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $128,368,000. Geode Capital Management LLC acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $110,395,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $55,829,000.

Analysts Set New Price Targets

Several equities research analysts have recently commented on SOLS shares. Vertical Research cut shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research report on Thursday, May 14th. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a research report on Friday, February 13th. TD Cowen started coverage on shares of Solstice Advanced Mat in a research report on Monday. They set a “hold” rating and a $90.00 price target for the company. Royal Bank Of Canada lifted their price target on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Three analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $87.38.

Solstice Advanced Mat Stock Down 0.2%

Shares of NASDAQ SOLS opened at $80.28 on Wednesday. The stock has a market cap of $12.75 billion and a P/E ratio of 90.20. The firm has a 50 day moving average price of $81.56 and a 200 day moving average price of $68.57. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $991.00 million for the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Analysts expect that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be issued a dividend of $0.075 per share. The ex-dividend date is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Solstice Advanced Mat’s payout ratio is currently 33.71%.

Solstice Advanced Mat 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.