Whittier Trust Co. of Nevada Inc. Sells 18,853 Shares of Solstice Advanced Mat $SOLS

Whittier Trust Co. of Nevada Inc. cut its holdings in Solstice Advanced Mat (NASDAQ:SOLS) by 61.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,649 shares of the company’s stock after selling 18,853 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Solstice Advanced Mat were worth $909,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Indiana Trust & Investment Management Co acquired a new stake in shares of Solstice Advanced Mat during the 1st quarter valued at $105,000. K.J. Harrison & Partners Inc acquired a new position in Solstice Advanced Mat in the 1st quarter worth about $762,000. Mount Vernon Associates Inc. MD bought a new position in Solstice Advanced Mat in the first quarter valued at about $208,000. Praxis Investment Management Inc. bought a new position in Solstice Advanced Mat in the first quarter valued at about $371,000. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Solstice Advanced Mat during the first quarter valued at about $56,000.

Key Solstice Advanced Mat News

Here are the key news stories impacting Solstice Advanced Mat this week:

• Positive Sentiment: Solstice says the acquisition expands its advanced materials platform and deepens exposure to higher-growth electronics and AI-related markets.
• Positive Sentiment: Management expects the deal to be accretive to sales growth and adjusted EPS in year one, with synergy potential over time.
• Neutral Sentiment: The transaction is still subject to shareholder and regulatory approvals and is expected to close in the first half of 2027.
• Negative Sentiment: Investors are reacting to dilution, higher leverage, and execution risk from the large cash-and-stock takeover.
• Negative Sentiment: Solstice’s stock drop also lowers the value of the stock consideration in the Element deal, which can further pressure takeover economics.

Solstice Advanced Mat Stock Performance

NASDAQ:SOLS opened at $62.10 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80. The company has a 50 day simple moving average of $82.56 and a two-hundred day simple moving average of $73.47. The company has a market capitalization of $9.86 billion and a PE ratio of 69.78.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm 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. Research analysts anticipate that Solstice Advanced Mat will post 2.64 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio is 33.71%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SOLS. UBS Group boosted their price target on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. BMO Capital Markets lifted their target price on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th. Truist Financial started coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 target price on the stock. Finally, Vertical Research cut shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $89.50.

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.