Y Intercept Hong Kong Ltd Acquires New Stake in Solstice Advanced Mat $SOLS

Y Intercept Hong Kong Ltd bought a new position in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 56,649 shares of the company’s stock, valued at approximately $4,314,000.

A number of other institutional investors have also recently added to or reduced their stakes in SOLS. Vanguard Group Inc. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter valued at $893,275,000. State Street Corp acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at $245,276,000. Morgan Stanley bought a new position in Solstice Advanced Mat during the fourth quarter valued at about $195,151,000. Madison Avenue Partners LP bought a new position in Solstice Advanced Mat during the fourth quarter valued at about $135,172,000. Finally, UBS Group AG acquired a new position in Solstice Advanced Mat during the fourth quarter worth about $130,269,000.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SOLS. Royal Bank Of Canada upped their price target on shares of Solstice Advanced Mat from $100.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday, June 30th. UBS Group raised their target price on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. BMO Capital Markets lifted their price target 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. Vertical Research downgraded Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Thursday, May 14th. Finally, Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $89.50.

Solstice Advanced Mat Stock Performance

NASDAQ SOLS opened at $80.19 on Monday. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. The stock has a market cap of $12.73 billion and a price-to-earnings ratio of 90.10. The firm’s 50 day moving average price is $83.21 and its two-hundred day moving average price is $73.23.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. The business had revenue of $991.00 million for 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. Equities analysts anticipate that Solstice Advanced Mat will post 2.64 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were given 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 of this dividend was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is 33.71%.

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.