Bank Julius Baer & Co. Ltd Zurich Acquires Shares of 14,629 Solstice Advanced Mat $SOLS

Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 14,629 shares of the company’s stock, valued at approximately $711,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SOLS. Ferguson Wellman Capital Management Inc. purchased a new stake in Solstice Advanced Mat during the 4th quarter valued at approximately $2,259,000. Parsons Capital Management Inc. RI acquired a new position in Solstice Advanced Mat during the 4th quarter worth approximately $625,000. JFS Wealth Advisors LLC acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $121,000. Pathway Financial Advisors LLC acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $337,000. Finally, Tradewinds Capital Management LLC acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $89,000.

Solstice Advanced Mat Trading Down 2.0%

Shares of SOLS opened at $85.11 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. The stock has a market cap of $13.52 billion and a price-to-earnings ratio of 95.63. The business has a fifty day moving average price of $78.31. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last issued 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 firm had revenue of $991.00 million during 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. Sell-side analysts predict that Solstice Advanced Mat will post 2.61 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is 33.71%.

Analysts Set New Price Targets

A number of equities research analysts have commented on SOLS shares. Mizuho set a $80.00 target price on Solstice Advanced Mat in a report on Friday, February 13th. UBS Group increased their target price on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Royal Bank Of Canada raised Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 20th. Zacks Research raised Solstice Advanced Mat to a “hold” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings raised Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $73.60.

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.