Solstice Advanced Mat $SOLS Shares Newly Bought by Arnhold LLC

Key Points

• Arnhold LLC acquired 188,060 shares of Solstice Advanced Materials during the third quarter, worth approximately $10.6 million and representing about 0.12% of the company.
• Several major institutional investors also established or increased positions, including State Street, Bank of America, Anchor Capital Advisors, Deroy & Devereaux, and Alyeska Investment Group.
• Solstice reported quarterly EPS of $0.88, exceeding the $0.79 consensus estimate, while analysts maintain a “Moderate Buy” consensus and an average price target of $77.30 versus the stock’s $60.38 opening price.

Arnhold LLC acquired a new position in Solstice Advanced Mat (NASDAQ:SOLS - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 188,060 shares of the company's stock, valued at approximately $10,592,000. Arnhold LLC owned about 0.12% of Solstice Advanced Mat at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. State Street Corp purchased a new stake in shares of Solstice Advanced Mat during the second quarter worth approximately $448,557,000. Bank of America Corp DE purchased a new position in Solstice Advanced Mat in the 2nd quarter valued at $153,615,000. Anchor Capital Advisors LLC purchased a new position in Solstice Advanced Mat in the 2nd quarter valued at $55,866,000. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in Solstice Advanced Mat by 36.5% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 570,114 shares of the company's stock valued at $32,109,000 after purchasing an additional 152,428 shares in the last quarter. Finally, Alyeska Investment Group L.P. acquired a new stake in Solstice Advanced Mat during the 2nd quarter worth $49,768,000.

Solstice Advanced Mat Stock Up 1.6%

Solstice Advanced Mat stock opened at $60.38 on Tuesday. The company has a market capitalization of $9.59 billion and a PE ratio of 34.11. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.08 and a current ratio of 1.46. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80. The firm has a 50 day moving average price of $59.46 and a 200 day moving average price of $69.75.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.09. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%. The company had revenue of $1.15 billion for the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Research analysts expect that Solstice Advanced Mat will post 2.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SOLS. BMO Capital Markets reiterated an "outperform" rating and issued a $87.00 target price on shares of Solstice Advanced Mat in a research report on Wednesday, October 21st. Truist Financial set a $75.00 price target on shares of Solstice Advanced Mat and gave the stock a "buy" rating in a research report on Thursday, July 9th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $82.00 price objective on shares of Solstice Advanced Mat in a research note on Wednesday, September 30th. Morgan Stanley downgraded shares of Solstice Advanced Mat to a "buy" rating in a report on Monday, July 13th. Finally, Mizuho lowered their target price on Solstice Advanced Mat from $70.00 to $65.00 and set a "neutral" rating on the stock in a report on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $77.30.

About Solstice Advanced Mat

Solstice Advanced Materials, Inc NASDAQ: SOLS is a specialty materials company that develops and manufactures engineered materials and chemical technologies for industrial and commercial applications. The company was established as an independent public company following the separation of Honeywell's Advanced Materials business.

Its portfolio includes fluorine-based products, specialty films, advanced fibers, resins, additives, and other performance materials. These products are used in areas such as refrigeration and air conditioning, healthcare and pharmaceutical packaging, electronics and semiconductors, transportation, aerospace, and protective equipment.

Solstice Advanced Materials serves customers across global markets through a portfolio that includes Solstice refrigerants and blowing agents, Aclar specialty pharmaceutical films, and Spectra high-performance fibers.

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