Anchor Capital Advisors LLC purchased a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 276,222 shares of the company’s stock, valued at approximately $13,419,000.
A number of other large investors have also made changes to their positions in SOLS. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at approximately $2,259,000. Parsons Capital Management Inc. RI purchased a new position in Solstice Advanced Mat during the fourth quarter valued at approximately $625,000. JFS Wealth Advisors LLC purchased a new position in Solstice Advanced Mat during the fourth quarter valued at approximately $121,000. Pathway Financial Advisors LLC purchased a new position in Solstice Advanced Mat during the fourth quarter valued at approximately $337,000. Finally, Tradewinds Capital Management LLC purchased a new position in Solstice Advanced Mat during the fourth quarter valued at approximately $89,000.
Solstice Advanced Mat Stock Performance
Shares of SOLS opened at $87.39 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. The company’s fifty day moving average is $80.28 and its 200-day moving average is $66.89. The firm has a market cap of $13.88 billion and a price-to-earnings ratio of 98.19. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80.
Solstice Advanced Mat Announces Dividend
The company 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 dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Wednesday, May 27th. Solstice Advanced Mat’s dividend payout ratio is currently 33.71%.
Analysts Set New Price Targets
A number of research analysts recently commented 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. 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 note on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Vertical Research lowered 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 research note on Thursday, May 14th. Finally, Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a research note on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $73.60.
Get Our Latest Stock Analysis on SOLS
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.
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