Capital Group Private Client Services Inc. Purchases New Position in Solstice Advanced Mat $SOLS

Capital Group Private Client Services Inc. bought a new position in Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,481 shares of the company’s stock, valued at approximately $363,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. purchased a new stake in Solstice Advanced Mat in the fourth quarter worth approximately $893,275,000. UBS Group AG purchased a new stake in Solstice Advanced Mat in the fourth quarter worth approximately $130,269,000. Norges Bank purchased a new stake in Solstice Advanced Mat in the fourth quarter worth approximately $128,368,000. Geode Capital Management LLC purchased a new stake in Solstice Advanced Mat in the fourth quarter worth approximately $110,395,000. Finally, Bank of New York Mellon Corp purchased a new stake in Solstice Advanced Mat in the fourth quarter worth approximately $55,829,000.

Solstice Advanced Mat Price Performance

NASDAQ SOLS opened at $81.02 on Monday. The stock’s 50-day moving average price is $81.33 and its 200-day moving average price is $68.03. 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. The company has a market capitalization of $12.87 billion and a P/E ratio of 91.03.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $991.00 million during 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. On average, equities research analysts predict that Solstice Advanced Mat will post 2.61 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be paid a dividend of $0.075 per share. The ex-dividend date is 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%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Vertical Research cut 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. Royal Bank Of Canada raised their target price on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday. Finally, UBS Group lifted their price target on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $86.50.

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.