Janney Montgomery Scott LLC Sells 21,444 Shares of Solstice Advanced Mat $SOLS

Janney Montgomery Scott LLC lessened its position in shares of Solstice Advanced Mat (NASDAQ:SOLS) by 17.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,926 shares of the company’s stock after selling 21,444 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Solstice Advanced Mat were worth $7,763,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westerkirk Capital Inc. acquired a new position in Solstice Advanced Mat during the 4th quarter valued at about $25,000. DiNuzzo Private Wealth Inc. acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $26,000. Heritage Wealth Advisors acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $26,000. Hoey Investments Inc. bought a new stake in shares of Solstice Advanced Mat during the fourth quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Solstice Advanced Mat during the fourth quarter worth approximately $27,000.

Solstice Advanced Mat Stock Performance

SOLS opened at $80.19 on Friday. The firm’s fifty day moving average is $83.21 and its two-hundred day moving average is $73.06. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. The firm has a market cap of $12.73 billion and a PE ratio of 90.10. 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 announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The firm 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. Equities research analysts anticipate that Solstice Advanced Mat will post 2.64 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SOLS shares. BMO Capital Markets increased their price objective on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Royal Bank Of Canada increased their price target on Solstice Advanced Mat from $100.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Truist Financial assumed 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. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Solstice Advanced Mat has a consensus rating of “Hold” and an average target price of $89.50.

Solstice Advanced Mat Profile

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.