Y Intercept Hong Kong Ltd Makes New Investment in Solstice Advanced Mat $SOLS

Y Intercept Hong Kong Ltd acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 56,649 shares of the company’s stock, valued at approximately $4,314,000.

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

Analyst Ratings Changes

Several research firms have recently weighed in on SOLS. BMO Capital Markets boosted their target price 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. Royal Bank Of Canada increased their target price on Solstice Advanced Mat from $100.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, June 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Mizuho lifted their target price on Solstice Advanced Mat from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Finally, UBS Group upped their target price on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $89.50.

Solstice Advanced Mat Stock Performance

Shares of NASDAQ:SOLS opened at $80.19 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. The company’s 50-day moving average price is $83.21 and its 200 day moving average price is $73.23. The company has a market cap of $12.73 billion and a PE ratio of 90.10. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80.

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

Solstice Advanced Mat Dividend Announcement

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

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.