Natixis Advisors LLC acquired a new stake in shares of Solstice Advanced Mat (NASDAQ:SOLS – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 120,377 shares of the company’s stock, valued at approximately $5,848,000. Natixis Advisors LLC owned 0.08% of Solstice Advanced Mat at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the company. DiNuzzo Private Wealth Inc. acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at $26,000. Hoey Investments Inc. acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at $27,000. JNBA Financial Advisors acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at $29,000. Finally, Motco acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at $30,000.
Solstice Advanced Mat Price Performance
Solstice Advanced Mat stock opened at $80.46 on Tuesday. 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 $12.78 billion and a P/E ratio of 90.40. The business’s fifty day moving average is $81.45 and its two-hundred day moving average is $68.30. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80.
Solstice Advanced Mat Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. Solstice Advanced Mat’s payout ratio is currently 33.71%.
Analyst Ratings Changes
Several brokerages recently commented on SOLS. Truist Financial began coverage on Solstice Advanced Mat in a research note on Monday. They issued a “hold” rating and a $90.00 price target on the stock. Royal Bank Of Canada boosted their price target on Solstice Advanced Mat from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday. Wall Street Zen raised Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Mizuho set a $80.00 price target on Solstice Advanced Mat in a research note on Friday, February 13th. Finally, UBS Group boosted their price target on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Three analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $87.38.
Check Out Our Latest Report on Solstice Advanced Mat
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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