Groupama Asset Managment Purchases New Stake in Solstice Advanced Mat $SOLS

Groupama Asset Managment bought a new position in Solstice Advanced Mat (NASDAQ:SOLS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 50,610 shares of the company’s stock, valued at approximately $2,459,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. acquired a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $893,275,000. State Street Corp bought a new stake in shares of Solstice Advanced Mat in the 4th quarter worth approximately $245,276,000. Morgan Stanley acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $195,151,000. Madison Avenue Partners LP purchased a new stake in Solstice Advanced Mat during the fourth quarter valued at about $135,172,000. Finally, UBS Group AG purchased a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at $130,269,000.

Solstice Advanced Mat Stock Performance

Shares of SOLS stock opened at $85.57 on Friday. The stock has a market cap of $13.59 billion and a PE ratio of 96.15. Solstice Advanced Mat has a one year low of $40.43 and a one year 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 50-day moving average of $82.52 and a 200-day moving average of $70.42.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. The business had revenue of $991.00 million for 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 expect that Solstice Advanced Mat will post 2.62 earnings per share for the current year.

Solstice Advanced Mat Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were issued a $0.075 dividend. The ex-dividend date was Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) is 33.71%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SOLS. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. UBS Group raised their target price on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Vertical Research cut Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a research report on Thursday, May 14th. Truist Financial initiated coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They issued a “hold” rating and a $90.00 price target on the stock. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. 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.com, the company presently has an average rating of “Hold” and a consensus target price of $87.38.

About Solstice Advanced Mat

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.