Private Wealth Partners LLC Trims Holdings in Solstice Advanced Mat $SOLS

Private Wealth Partners LLC reduced its position in shares of Solstice Advanced Mat (NASDAQ:SOLS) by 22.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 237,719 shares of the company’s stock after selling 67,494 shares during the quarter. Solstice Advanced Mat accounts for 1.4% of Private Wealth Partners LLC’s holdings, making the stock its 21st largest holding. Private Wealth Partners LLC’s holdings in Solstice Advanced Mat were worth $18,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in shares of Solstice Advanced Mat in the first quarter valued at approximately $56,000. QRG Capital Management Inc. acquired a new stake in Solstice Advanced Mat during the first quarter worth approximately $242,000. TCI Wealth Advisors Inc. purchased a new stake in Solstice Advanced Mat in the 1st quarter worth approximately $292,000. HB Wealth Management LLC purchased a new stake in Solstice Advanced Mat in the 1st quarter worth approximately $1,162,000. Finally, Moran Wealth Management LLC acquired a new position in Solstice Advanced Mat in the 1st quarter valued at $412,000.

Analyst Ratings Changes

A number of brokerages have weighed in on SOLS. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. UBS Group upped their target price on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Truist Financial assumed coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 target price on the stock. TD Cowen assumed coverage on Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 price target on the stock. Finally, BMO Capital Markets lifted their price target on Solstice Advanced Mat from $92.00 to $101.00 and gave the company an “outperform” rating in a report on Friday, June 5th. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $89.50.

Solstice Advanced Mat Price Performance

Shares of SOLS opened at $80.19 on Friday. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80. The company’s fifty day moving average is $83.21 and its two-hundred day moving average is $73.06. The firm has a market cap of $12.73 billion and a PE ratio of 90.10. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $991.00 million for 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. Analysts forecast that Solstice Advanced Mat will post 2.64 earnings per share for the current year.

Solstice Advanced Mat Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th were paid 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 dividend payout ratio is currently 33.71%.

Solstice Advanced Mat Company 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.