CIBC Asset Management Inc Buys Shares of 10,345 Solstice Advanced Mat $SOLS

CIBC Asset Management Inc bought a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,345 shares of the company’s stock, valued at approximately $503,000.

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

Analyst Ratings Changes

SOLS has been the subject of several analyst reports. TD Cowen initiated coverage on shares of Solstice Advanced Mat in a research note on Monday. They issued a “hold” rating and a $90.00 price objective for the company. Royal Bank Of Canada lifted their price objective on shares of Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday. Truist Financial initiated coverage on shares of Solstice Advanced Mat in a research note on Monday. They issued a “hold” rating and a $90.00 price objective for the company. BMO Capital Markets lifted 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 note on Friday, June 5th. Finally, Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Three investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $87.38.

Solstice Advanced Mat Stock Down 0.2%

Solstice Advanced Mat stock opened at $80.28 on Wednesday. The firm has a market cap of $12.75 billion and a price-to-earnings ratio of 90.20. 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 has a fifty-two week low of $40.43 and a fifty-two week high of $90.80. The firm has a fifty day moving average price of $81.56 and a two-hundred day moving average price of $68.57.

Solstice Advanced Mat (NASDAQ:SOLS) last released 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 analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, analysts forecast 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. Shareholders of record on Wednesday, May 27th will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Solstice Advanced Mat’s payout ratio is currently 33.71%.

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.