Swiss Life Asset Management Ltd Purchases Shares of 7,559 Solstice Advanced Mat $SOLS

Swiss Life Asset Management Ltd purchased a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 7,559 shares of the company’s stock, valued at approximately $367,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wesbanco Bank Inc. bought a new position in shares of Solstice Advanced Mat in the 4th quarter worth approximately $649,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Solstice Advanced Mat in the 4th quarter worth approximately $4,796,000. Nwam LLC bought a new position in shares of Solstice Advanced Mat in the 4th quarter worth approximately $1,253,000. Fifth Third Bancorp bought a new position in shares of Solstice Advanced Mat in the 4th quarter worth approximately $4,424,000. Finally, Davidson Investment Advisors bought a new position in shares of Solstice Advanced Mat in the 4th quarter worth approximately $5,485,000.

Solstice Advanced Mat Stock Down 3.6%

Solstice Advanced Mat stock opened at $82.07 on Tuesday. 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 market cap of $13.03 billion and a P/E ratio of 92.21. The stock has a 50 day moving average of $78.41. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80.

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, topping the consensus estimate of $0.60 by $0.03. The company had revenue of $991.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, equities analysts expect that Solstice Advanced Mat will post 2.61 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Mizuho set a $80.00 target price on Solstice Advanced Mat in a research report on Friday, February 13th. Zacks Research raised Solstice Advanced Mat to a “hold” rating in a research report on Friday, January 23rd. Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a research report on Thursday, May 14th. UBS Group increased their target price on Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Solstice Advanced Mat has a consensus rating of “Hold” and an average price target of $73.60.

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.