Cibc World Market Inc. Makes New $2.52 Million Investment in Solstice Advanced Mat $SOLS

Cibc World Market Inc. purchased a new position in Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, HoldingsChannel reports. The firm purchased 51,772 shares of the company’s stock, valued at approximately $2,515,000.

Several other hedge funds have also made changes to their positions in the stock. Intellectus Partners LLC bought a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $220,000. Lido Advisors LLC bought a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $1,272,000. Bowen Hanes & Co. Inc. bought a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $47,579,000. Private Wealth Asset Management LLC bought a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $94,000. Finally, Anchor Capital Advisors LLC bought a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $13,419,000.

Solstice Advanced Mat Stock Down 0.7%

SOLS opened at $80.46 on Tuesday. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month 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 stock has a market cap of $12.78 billion and a P/E ratio of 90.40. The stock’s 50 day moving average price is $81.45 and its 200 day moving average price is $68.30.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.60 by $0.03. The business had revenue of $991.00 million during 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, research analysts predict that Solstice Advanced Mat will post 2.61 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be issued 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 is Wednesday, May 27th. Solstice Advanced Mat’s payout ratio is presently 33.71%.

Analyst Ratings Changes

Several brokerages recently issued reports on SOLS. UBS Group raised their price target on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Royal Bank Of Canada raised their price target on Solstice Advanced Mat from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday. TD Cowen began coverage on Solstice Advanced Mat in a report on Monday. They issued a “hold” rating and a $90.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Finally, Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $87.38.

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.