Crestline Management LP Sells 50,534 Shares of UL Solutions Inc. (NYSE:ULS)

Crestline Management LP decreased its stake in UL Solutions Inc. (NYSE:ULS - Free Report) by 89.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,920 shares of the company's stock after selling 50,534 shares during the quarter. Crestline Management LP's holdings in UL Solutions were worth $295,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ULS. JPMorgan Chase & Co. increased its position in UL Solutions by 29.3% in the third quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company's stock worth $222,658,000 after buying an additional 1,022,851 shares in the last quarter. Baker Chad R raised its position in shares of UL Solutions by 91.0% during the 4th quarter. Baker Chad R now owns 112,300 shares of the company's stock valued at $5,602,000 after purchasing an additional 53,500 shares during the period. Hall Laurie J Trustee boosted its holdings in UL Solutions by 10.3% in the 4th quarter. Hall Laurie J Trustee now owns 54,050 shares of the company's stock worth $2,696,000 after buying an additional 5,040 shares during the period. AEGON ASSET MANAGEMENT UK Plc boosted its holdings in UL Solutions by 20.7% in the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 235,501 shares of the company's stock worth $11,726,000 after buying an additional 40,396 shares during the period. Finally, KBC Group NV bought a new stake in UL Solutions during the fourth quarter valued at about $163,000.

Analyst Ratings Changes

ULS has been the subject of a number of recent analyst reports. Citigroup reaffirmed a "neutral" rating and issued a $71.00 price objective (up previously from $60.50) on shares of UL Solutions in a research note on Wednesday. Wells Fargo & Company upped their price target on UL Solutions from $65.00 to $77.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group increased their price objective on shares of UL Solutions from $57.00 to $63.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. UBS Group upped their target price on shares of UL Solutions from $58.00 to $72.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Raymond James raised their target price on shares of UL Solutions from $60.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $69.43.

Insiders Place Their Bets

In other news, insider Gitte Schjotz sold 7,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $67.44, for a total value of $472,080.00. Following the completion of the sale, the insider now owns 46,889 shares in the company, valued at approximately $3,162,194.16. This trade represents a 12.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alberto Uggetti sold 1,938 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $53.00, for a total transaction of $102,714.00. Following the completion of the sale, the executive vice president now owns 9,285 shares of the company's stock, valued at $492,105. This trade represents a 17.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,899 shares of company stock valued at $712,064 over the last ninety days. 1.20% of the stock is owned by insiders.

UL Solutions Price Performance

Shares of NYSE ULS traded down $1.48 during mid-day trading on Wednesday, hitting $69.66. 1,099,682 shares of the company's stock traded hands, compared to its average volume of 766,822. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. UL Solutions Inc. has a 1 year low of $36.52 and a 1 year high of $71.95. The company's 50-day moving average is $56.86 and its two-hundred day moving average is $53.92. The company has a market capitalization of $13.94 billion and a P/E ratio of 43.00.

UL Solutions (NYSE:ULS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The company had revenue of $705.00 million for the quarter, compared to analysts' expectations of $704.19 million. The firm's revenue was up 5.2% compared to the same quarter last year. On average, equities analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Company Profile

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.