Capital Research Global Investors Invests $9.62 Million in Solstice Advanced Mat $SOLS

Capital Research Global Investors acquired a new position in shares of 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 acquired 198,102 shares of the company’s stock, valued at approximately $9,624,000. Capital Research Global Investors owned about 0.12% of Solstice Advanced Mat as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SOLS. Vanguard Group Inc. acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $893,275,000. UBS Group AG acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $130,269,000. Norges Bank acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $128,368,000. Geode Capital Management LLC acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $110,395,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $55,829,000.

Solstice Advanced Mat Trading Down 0.2%

Shares of SOLS opened at $80.28 on Wednesday. The stock’s 50-day moving average is $81.56 and its two-hundred day moving average is $68.57. The stock has a market cap of $12.75 billion and a PE ratio of 90.20. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping 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. Equities analysts forecast that Solstice Advanced Mat will post 2.61 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be paid a $0.075 dividend. The ex-dividend date is Wednesday, May 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. Solstice Advanced Mat’s payout ratio is 33.71%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SOLS. TD Cowen began coverage on Solstice Advanced Mat in a report on Monday. They set a “hold” rating and a $90.00 price objective on the stock. Royal Bank Of Canada raised their price objective on Solstice Advanced Mat from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday. Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a report on Thursday, May 14th. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Finally, UBS Group lifted their target price on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Solstice Advanced Mat has an average rating of “Hold” and an average price target of $87.38.

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.