Aster Capital Management DIFC Ltd Invests $301,000 in Solstice Advanced Mat $SOLS

Aster Capital Management DIFC Ltd purchased a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, HoldingsChannel reports. The fund purchased 6,192 shares of the company’s stock, valued at approximately $301,000.

A number of other hedge funds have also bought and sold shares of the business. Alkeon Capital Management LLC bought a new position in Solstice Advanced Mat during the fourth quarter worth about $54,652,000. Needham Investment Management LLC bought a new position in Solstice Advanced Mat during the fourth quarter worth about $8,502,000. OMERS ADMINISTRATION Corp bought a new position in Solstice Advanced Mat during the fourth quarter worth about $297,000. Silvant Capital Management LLC bought a new position in Solstice Advanced Mat during the fourth quarter worth about $1,302,000. Finally, USS Investment Management Ltd bought a new position in Solstice Advanced Mat during the fourth quarter worth about $1,327,000.

Wall Street Analysts Forecast Growth

SOLS has been the topic of several recent analyst reports. Vertical Research lowered shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a report on Thursday, May 14th. UBS Group lifted their price target on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Truist Financial started coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 target price on the stock. Finally, TD Cowen started coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 target price on the stock. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $87.38.

Solstice Advanced Mat Stock Down 3.6%

Shares of NASDAQ SOLS opened at $83.56 on Wednesday. The company has a market capitalization of $13.27 billion and a P/E ratio of 93.89. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. The company’s 50 day moving average price is $82.22 and its 200-day moving average price is $69.88.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The firm 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. Equities analysts forecast that Solstice Advanced Mat will post 2.62 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were given a $0.075 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Solstice Advanced Mat’s 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.