Parallel Advisors LLC Purchases New Position in Solstice Advanced Mat $SOLS

Parallel Advisors LLC acquired a new position in Solstice Advanced Mat (NASDAQ:SOLS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,377 shares of the company’s stock, valued at approximately $456,000.

Several other institutional investors also recently bought and sold shares of SOLS. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Solstice Advanced Mat in the 4th quarter worth $26,000. Hoey Investments Inc. purchased a new position in shares of Solstice Advanced Mat during the fourth quarter valued at $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $27,000. JNBA Financial Advisors bought a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $29,000. Finally, Motco purchased a new stake in Solstice Advanced Mat in the fourth quarter worth about $30,000.

Analyst Ratings Changes

SOLS has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. UBS Group upped 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. 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. TD Cowen began coverage on shares of Solstice Advanced Mat in a research note on Monday. They issued a “hold” rating and a $90.00 price objective for the company. Finally, 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 report on Thursday, May 14th. Three equities research 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 a consensus price target of $87.38.

Solstice Advanced Mat Stock Performance

Shares of Solstice Advanced Mat stock opened at $77.69 on Thursday. The company has a market capitalization of $12.34 billion and a PE ratio of 87.29. 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 company has a 50-day simple moving average of $81.66 and a two-hundred day simple moving average of $68.81. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates 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. Research analysts expect that Solstice Advanced Mat will post 2.62 EPS for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.4%. The ex-dividend date was Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) 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.