Hsbc Holdings PLC Acquires Shares of 67,517 Solstice Advanced Mat $SOLS

Hsbc Holdings PLC acquired a new stake in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 67,517 shares of the company’s stock, valued at approximately $3,302,000.

Several other large investors have also recently made changes to their positions in SOLS. Westerkirk Capital Inc. bought a new stake in shares of Solstice Advanced Mat during the 4th quarter worth $25,000. DiNuzzo Private Wealth Inc. bought a new position in Solstice Advanced Mat during the fourth quarter valued at about $26,000. Heritage Wealth Advisors bought a new position in Solstice Advanced Mat during the fourth quarter valued at about $26,000. Hoey Investments Inc. purchased a new stake in Solstice Advanced Mat during the fourth quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Solstice Advanced Mat during the fourth quarter worth about $27,000.

Solstice Advanced Mat Price Performance

Shares of NASDAQ SOLS opened at $82.69 on Monday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80. The stock has a market cap of $13.13 billion and a PE ratio of 92.91. The stock has a fifty day moving average of $83.00 and a 200-day moving average of $72.04.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $991.00 million for 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. Equities research analysts anticipate that Solstice Advanced Mat will post 2.62 earnings per share for the current year.

Solstice Advanced Mat Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were given a dividend of $0.075 per share. The ex-dividend date was 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 currently 33.71%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Truist Financial assumed coverage on shares of Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 target price on the stock. UBS Group raised their price target on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Vertical Research cut shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a report on Thursday, May 14th. Finally, TD Cowen initiated coverage on Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.