67,517 Shares in Solstice Advanced Mat $SOLS Acquired by Hsbc Holdings PLC

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 Securities and Exchange Commission (SEC). The fund bought 67,517 shares of the company’s stock, valued at approximately $3,302,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Wesbanco Bank Inc. bought a new stake in Solstice Advanced Mat in the fourth quarter valued at $649,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $4,796,000. Nwam LLC bought a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $1,253,000. Fifth Third Bancorp acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at about $4,424,000. Finally, Crestwood Advisors Group LLC acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at about $709,000.

Analysts Set New Price Targets

A number of research firms recently weighed in on SOLS. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. TD Cowen began coverage on Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price target on the stock. Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research note on Thursday, May 14th. Royal Bank Of Canada boosted their price objective on Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Finally, UBS Group upped their target price on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $87.38.

Solstice Advanced Mat Price Performance

SOLS opened at $82.69 on Monday. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year 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. The company has a market capitalization of $13.13 billion and a price-to-earnings ratio of 92.91. The firm’s fifty day moving average price is $83.00 and its two-hundred day moving average price is $72.04.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $991.00 million for 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. As a group, analysts anticipate that Solstice Advanced Mat will post 2.62 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is presently 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.