ABN AMRO Bank N.V. Buys New Shares in Solstice Advanced Mat $SOLS

ABN AMRO Bank N.V. bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 9,225 shares of the company’s stock, valued at approximately $707,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. bought a new position in shares of Solstice Advanced Mat in the 4th quarter valued at about $893,275,000. State Street Corp acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at about $245,276,000. Morgan Stanley bought a new position in Solstice Advanced Mat during the fourth quarter worth about $195,151,000. Madison Avenue Partners LP bought a new position in Solstice Advanced Mat during the fourth quarter worth about $135,172,000. Finally, UBS Group AG acquired a new position in Solstice Advanced Mat during the fourth quarter worth approximately $130,269,000.

Analyst Ratings Changes

Several analysts have issued reports on SOLS shares. Royal Bank Of Canada upped their price objective on Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, June 5th. BMO Capital Markets lifted their target price on Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a research note on Friday, June 5th. UBS Group boosted their target price on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Truist Financial initiated coverage on Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Three analysts have rated the stock with a Buy rating and seven have issued 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 price target of $87.38.

Solstice Advanced Mat Price Performance

Solstice Advanced Mat stock opened at $82.69 on Monday. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80. The stock’s 50 day moving average is $83.00 and its 200-day moving average is $72.04. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $13.13 billion and a price-to-earnings ratio of 92.91.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share 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. Equities research analysts expect that Solstice Advanced Mat will post 2.62 EPS for the current year.

Solstice Advanced Mat Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were issued a dividend of $0.075 per share. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is currently 33.71%.

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.