Cinctive Capital Management LP Takes $5.17 Million Position in Solstice Advanced Mat $SOLS

Cinctive Capital Management LP acquired a new stake in Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, Holdings Channel.com reports. The firm acquired 106,446 shares of the company’s stock, valued at approximately $5,171,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wesbanco Bank Inc. purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at $649,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at $4,796,000. Nwam LLC purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at $1,253,000. Fifth Third Bancorp purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at $4,424,000. Finally, Olstein Capital Management L.P. purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at $2,803,000.

Wall Street Analyst Weigh In

SOLS has been the topic of several recent research reports. Vertical Research downgraded Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research report on Thursday, May 14th. Truist Financial began coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They issued a “hold” rating and a $90.00 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. BMO Capital Markets increased their target price on Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Finally, Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $87.38.

Solstice Advanced Mat Stock Performance

NASDAQ SOLS opened at $85.14 on Thursday. The business’s 50-day moving average price is $82.36 and its 200 day moving average price is $70.15. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The company has a market capitalization of $13.52 billion and a PE ratio of 95.66. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The business had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, research analysts predict that Solstice Advanced Mat will post 2.62 earnings per share for the current year.

Solstice Advanced Mat Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were given a dividend of $0.075 per share. The ex-dividend date was Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is 33.71%.

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.