Alkeon Capital Management LLC Invests $54.65 Million in Solstice Advanced Mat $SOLS

Alkeon Capital Management LLC purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,125,000 shares of the company’s stock, valued at approximately $54,652,000. Alkeon Capital Management LLC owned about 0.71% of Solstice Advanced Mat at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westerkirk Capital Inc. acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $25,000. DiNuzzo Private Wealth Inc. purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $26,000. Heritage Wealth Advisors purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $26,000. Hoey Investments Inc. purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $27,000.

Solstice Advanced Mat Price Performance

Shares of SOLS opened at $86.66 on Tuesday. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The stock has a market cap of $13.76 billion and a PE ratio of 97.37. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02. The firm has a fifty day moving average price of $82.08 and a 200 day moving average price of $69.62.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $991.00 million during 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. As a group, sell-side analysts anticipate that Solstice Advanced Mat will post 2.62 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were paid a $0.075 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.3%. Solstice Advanced Mat’s payout ratio is currently 33.71%.

Wall Street Analyst Weigh In

SOLS has been the subject of a number of research analyst reports. TD Cowen initiated coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 price objective for the company. Vertical Research cut shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Thursday, May 14th. Truist Financial initiated coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Finally, Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Solstice Advanced Mat currently has a consensus rating of “Hold” and a consensus target price of $87.38.

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.