Cibc World Market Inc. Takes $2.52 Million Position in Solstice Advanced Mat $SOLS

Cibc World Market Inc. bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 51,772 shares of the company’s stock, valued at approximately $2,515,000.

Other large investors have also modified their holdings of the company. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $26,000. Hoey Investments Inc. acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $27,000. JNBA Financial Advisors acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $29,000. Finally, Motco acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $30,000.

Solstice Advanced Mat Trading Down 0.7%

NASDAQ:SOLS opened at $80.46 on Tuesday. 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 business’s 50 day moving average is $81.45 and its two-hundred day moving average is $68.30. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80. The company has a market cap of $12.78 billion and a PE ratio of 90.40.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $991.00 million for the quarter, compared to the consensus estimate of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, analysts predict that Solstice Advanced Mat will post 2.61 EPS 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. Shareholders of record on Wednesday, May 27th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 33.71%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SOLS shares. BMO Capital Markets increased their price target on Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a report on Friday. Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a research report on Thursday, May 14th. TD Cowen began coverage on Solstice Advanced Mat in a research note on Monday. They set a “hold” rating and a $90.00 target price for the company. UBS Group increased their target price on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Solstice Advanced Mat has a consensus rating of “Hold” and an average target price of $87.38.

Solstice Advanced Mat Company 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.