Hsbc Holdings PLC Acquires New Position in Solstice Advanced Mat $SOLS

Hsbc Holdings PLC bought a new position in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 67,517 shares of the company’s stock, valued at approximately $3,302,000.

Several other large investors also recently bought and sold shares of the stock. Wesbanco Bank Inc. acquired a new stake in Solstice Advanced Mat in the fourth quarter valued at approximately $649,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Solstice Advanced Mat during the 4th quarter valued at approximately $4,796,000. Fifth Third Bancorp acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at $4,424,000. Nwam LLC purchased a new stake in Solstice Advanced Mat in the 4th quarter worth $1,253,000. Finally, Blue Trust Inc. purchased a new stake in Solstice Advanced Mat in the 4th quarter worth $324,000.

Analysts Set New Price Targets

Several research firms have issued reports on SOLS. Truist Financial set a $75.00 price objective on shares of Solstice Advanced Mat in a report on Thursday. Vertical Research cut shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a research note on Thursday, May 14th. TD Cowen began 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 target for the company. UBS Group raised their price target on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Royal Bank Of Canada lifted their price objective on Solstice Advanced Mat from $100.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, June 30th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, Solstice Advanced Mat presently has an average rating of “Hold” and an average price target of $87.62.

Solstice Advanced Mat Price Performance

Shares of NASDAQ SOLS opened at $61.30 on Friday. The firm has a 50-day simple moving average of $81.51 and a 200-day simple moving average of $73.56. The stock has a market capitalization of $9.73 billion and a price-to-earnings ratio of 68.88. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly 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 business had revenue of $991.00 million for 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. On average, equities analysts predict that Solstice Advanced Mat will post 2.65 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th were issued a $0.075 dividend. 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 0.5%. Solstice Advanced Mat’s dividend payout ratio 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.