8,995 Shares in Solstice Advanced Mat $SOLS Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,995 shares of the company’s stock, valued at approximately $685,000.

A number of other institutional investors have also modified their holdings of SOLS. Ferguson Wellman Capital Management Inc. acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at $2,259,000. Parsons Capital Management Inc. RI purchased a new position in shares of Solstice Advanced Mat during the 4th quarter valued at approximately $625,000. JFS Wealth Advisors LLC acquired a new position in Solstice Advanced Mat during the 4th quarter worth $121,000. Pathway Financial Advisors LLC bought a new stake in Solstice Advanced Mat in the fourth quarter valued at about $337,000. Finally, Tradewinds Capital Management LLC bought a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at approximately $89,000.

Solstice Advanced Mat Stock Up 3.8%

SOLS stock opened at $63.36 on Wednesday. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80. The company has a fifty day simple moving average of $80.68 and a 200 day simple moving average of $73.91. The firm has a market cap of $10.06 billion and a PE ratio of 71.19. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last issued 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 company 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. Sell-side analysts anticipate that Solstice Advanced Mat will post 2.65 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is 33.71%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. UBS Group upgraded Solstice Advanced Mat from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $88.00 to $78.00 in a research report on Monday. TD Cowen initiated coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They issued a “hold” rating and a $90.00 target price for the company. BMO Capital Markets raised their price objective on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a research report on Friday, June 5th. Mizuho set a $70.00 target price on Solstice Advanced Mat in a report on Wednesday. Finally, Truist Financial set a $75.00 price target on shares of Solstice Advanced Mat and gave the company a “buy” rating in a report on Thursday, July 9th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $83.25.

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.