Fifth Third Bancorp Acquires New Position in Solstice Advanced Mat $SOLS

Fifth Third Bancorp acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, Holdings Channel reports. The firm acquired 91,073 shares of the company’s stock, valued at approximately $4,424,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SOLS. Ferguson Wellman Capital Management Inc. bought a new stake in Solstice Advanced Mat during the 4th quarter valued at about $2,259,000. Parsons Capital Management Inc. RI bought a new stake in Solstice Advanced Mat during the 4th quarter valued at about $625,000. JFS Wealth Advisors LLC bought a new stake in Solstice Advanced Mat during the 4th quarter valued at about $121,000. Pathway Financial Advisors LLC bought a new stake in Solstice Advanced Mat during the 4th quarter valued at about $337,000. Finally, Tradewinds Capital Management LLC bought a new stake in Solstice Advanced Mat during the 4th quarter valued at about $89,000.

Solstice Advanced Mat Trading Down 1.9%

Shares of NASDAQ:SOLS opened at $80.40 on Friday. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $84.44. The firm has a fifty day moving average of $77.26. The stock has a market cap of $12.77 billion and a P/E ratio of 309.21. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.39 and a quick ratio of 0.98.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.14). The firm had revenue of $987.00 million during the quarter, compared to analyst estimates of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Research analysts predict that Solstice Advanced Mat will post 2.66 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th will be given a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Solstice Advanced Mat’s payout ratio is presently 115.38%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on SOLS shares. Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Wednesday, January 7th. Weiss Ratings upgraded shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Zacks Research raised shares of Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Mizuho set a $80.00 price objective on shares of Solstice Advanced Mat in a research note on Friday, February 13th. Finally, Royal Bank Of Canada raised shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $67.00.

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.