Commonwealth Equity Services LLC Acquires Shares of 68,768 Solstice Advanced Mat $SOLS

Commonwealth Equity Services LLC acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, Holdings Channel reports. The firm acquired 68,768 shares of the company’s stock, valued at approximately $3,341,000.

A number of other large investors have also added to or reduced their stakes in the stock. Tocqueville Asset Management L.P. purchased a new position in Solstice Advanced Mat during the fourth quarter valued at $5,821,000. State Board of Administration of Florida Retirement System purchased a new position in shares of Solstice Advanced Mat in the fourth quarter worth $6,475,000. Dimensional Fund Advisors LP purchased a new position in shares of Solstice Advanced Mat in the fourth quarter worth $49,363,000. Federated Hermes Inc. purchased a new position in shares of Solstice Advanced Mat in the fourth quarter worth $74,000. Finally, Godshalk Welsh Capital Management Inc. purchased a new position in shares of Solstice Advanced Mat in the fourth quarter worth $356,000.

Solstice Advanced Mat Stock Performance

Shares of SOLS opened at $80.28 on Wednesday. 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 one year low of $40.43 and a one year high of $90.80. The firm has a market capitalization of $12.75 billion and a P/E ratio of 90.20. The business has a fifty day moving average of $81.56 and a 200 day moving average of $68.57.

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 the consensus estimate 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. As a group, sell-side analysts anticipate that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SOLS shares. UBS Group boosted their price target on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Truist Financial started coverage on Solstice Advanced Mat in a research note on Monday. They issued a “hold” rating and a $90.00 price target for the company. Royal Bank Of Canada boosted their price target on Solstice Advanced Mat from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, 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. 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.com, the company has an average rating of “Hold” and a consensus price target of $87.38.

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.