AYAL Capital Advisors Ltd purchased a new position in Solstice Advanced Mat (NASDAQ:SOLS – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 70,000 shares of the company’s stock, valued at approximately $3,401,000. Solstice Advanced Mat makes up 1.2% of AYAL Capital Advisors Ltd’s investment portfolio, making the stock its 28th biggest position.
A number of other institutional investors have also recently bought and sold shares of SOLS. Vanguard Group Inc. acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at about $893,275,000. State Street Corp bought a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $245,276,000. Morgan Stanley bought a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $195,151,000. UBS Group AG acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth about $130,269,000. Finally, Norges Bank acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth about $128,368,000.
Solstice Advanced Mat Price Performance
Shares of SOLS opened at $85.14 on Thursday. The stock has a market cap of $13.52 billion and a PE ratio of 95.66. The business has a 50-day simple moving average of $82.36 and a two-hundred day simple moving average of $70.15. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80.
Solstice Advanced Mat Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were 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 was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 33.71%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. UBS Group lifted their target price on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research report 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. Vertical Research downgraded 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. TD Cowen started coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Three 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 company currently has a consensus rating of “Hold” and an average target price of $87.38.
Check Out Our Latest Report on Solstice Advanced Mat
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.
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