CIBC Asset Management Inc Makes New $503,000 Investment in Solstice Advanced Mat $SOLS

CIBC Asset Management Inc bought a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,345 shares of the company’s stock, valued at approximately $503,000.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. bought a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $893,275,000. UBS Group AG acquired a new position in Solstice Advanced Mat in the fourth quarter worth about $130,269,000. Norges Bank acquired a new position in Solstice Advanced Mat in the fourth quarter worth about $128,368,000. Geode Capital Management LLC acquired a new position in Solstice Advanced Mat in the fourth quarter worth about $110,395,000. Finally, Bank of New York Mellon Corp acquired a new position in Solstice Advanced Mat in the fourth quarter worth about $55,829,000.

Solstice Advanced Mat Trading Down 0.2%

Shares of NASDAQ SOLS opened at $80.28 on Wednesday. The company’s 50 day simple moving average is $81.56 and its 200 day simple moving average is $68.57. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80. The firm has a market capitalization of $12.75 billion and a P/E ratio of 90.20. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings data 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 during 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. On average, analysts predict that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Wednesday, May 27th will be issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is currently 33.71%.

Analyst Ratings Changes

Several research analysts recently issued reports on SOLS shares. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. BMO Capital Markets increased 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. Truist Financial started coverage on shares of Solstice Advanced Mat in a research report on Monday. They issued a “hold” rating and a $90.00 price target for the company. Vertical Research lowered shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research report on Thursday, May 14th. Finally, UBS Group increased their price target on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.