Mirae Asset Global Investments Co. Ltd. Makes New $4.80 Million Investment in Solstice Advanced Mat $SOLS

Mirae Asset Global Investments Co. Ltd. bought a new position in Solstice Advanced Mat (NASDAQ:SOLS) in the fourth quarter, HoldingsChannel reports. The fund bought 98,730 shares of the company’s stock, valued at approximately $4,796,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. bought a new position in Solstice Advanced Mat during the fourth quarter valued at approximately $26,000. JNBA Financial Advisors acquired a new stake in Solstice Advanced Mat in the fourth quarter valued at approximately $29,000. Peoples Financial Services CORP. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth $37,000. Towne Trust Company N.A acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth $44,000. Finally, Bernard Wealth Management Corp. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth $58,000.

Solstice Advanced Mat Stock Down 1.3%

Shares of SOLS opened at $80.33 on Wednesday. The business’s fifty day simple moving average is $76.97. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $84.44. The firm has a market cap of $12.76 billion and a price-to-earnings ratio of 308.96. The company has a current ratio of 1.39, a quick ratio of 0.98 and a debt-to-equity ratio of 1.50.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.14). The firm had revenue of $987.00 million for the quarter, compared to the consensus estimate of $938.00 million. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, research analysts predict that Solstice Advanced Mat will post 2.66 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 24th were paid a $0.075 dividend. The ex-dividend date was Tuesday, February 24th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Solstice Advanced Mat’s dividend payout ratio (DPR) is presently 115.38%.

Wall Street Analyst Weigh In

SOLS has been the topic of several analyst reports. Zacks Research upgraded shares of Solstice Advanced Mat to a “hold” rating in a research note on Friday, January 23rd. UBS Group lowered shares of Solstice Advanced Mat from a “buy” rating to a “neutral” rating and set a $87.00 price target on the stock. in a research note on Monday, April 13th. Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Wednesday, January 7th. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a research note on Friday, February 13th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $67.00.

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.