Envestnet Portfolio Solutions Inc. Purchases New Holdings in Solstice Advanced Mat $SOLS

Envestnet Portfolio Solutions Inc. purchased a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 42,097 shares of the company’s stock, valued at approximately $2,045,000.

Other institutional investors have also made changes to their positions in the company. DiNuzzo Private Wealth Inc. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $26,000. Hoey Investments Inc. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $27,000. JNBA Financial Advisors bought a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $29,000. Finally, Horizon Investments LLC bought a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at approximately $31,000.

Solstice Advanced Mat Stock Up 3.0%

NASDAQ SOLS opened at $81.76 on Friday. The business has a fifty day moving average price of $79.00 and a two-hundred day moving average price of $65.14. 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 stock has a market capitalization of $12.98 billion and a PE ratio of 91.87.

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 the consensus estimate of $0.60 by $0.03. The business 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. Equities analysts expect that Solstice Advanced Mat will post 2.61 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders 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 annualized dividend and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio is presently 33.71%.

Analysts Set New Price Targets

SOLS has been the subject of several recent research reports. Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research note on Thursday, May 14th. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Weiss Ratings upgraded Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, February 23rd. Zacks Research upgraded Solstice Advanced Mat to a “hold” rating in a research note on Friday, January 23rd. Finally, UBS Group upped their target price on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $73.60.

Solstice Advanced Mat Company 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.