Acadian Asset Management LLC Decreases Holdings in UL Solutions Inc. $ULS

Key Points

• Acadian Asset Management LLC reduced its holdings in UL Solutions Inc. by 19.4% during the first quarter, bringing their ownership to approximately 1,068,327 shares valued at $60.24 million.
• Goldman Sachs Group Inc. increased its position in UL Solutions by an impressive 104.3%, now owning 460,160 shares valued at $25.95 million.
• UL Solutions has recently reported a net margin of 11.08% and a quarterly revenue of $776 million, exceeding analysts' estimates.

Acadian Asset Management LLC reduced its position in UL Solutions Inc. (NYSE:ULS - Free Report) by 19.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,068,327 shares of the company's stock after selling 257,437 shares during the period. Acadian Asset Management LLC owned 0.53% of UL Solutions worth $60,240,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of UL Solutions by 11.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,771 shares of the company's stock valued at $6,981,000 after purchasing an additional 13,205 shares during the last quarter. Optimize Financial Inc acquired a new position in UL Solutions in the 1st quarter valued at about $233,000. Goldman Sachs Group Inc. increased its position in UL Solutions by 104.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 460,160 shares of the company's stock valued at $25,953,000 after acquiring an additional 234,913 shares during the period. Hall Laurie J Trustee increased its position in UL Solutions by 3.7% in the 1st quarter. Hall Laurie J Trustee now owns 56,055 shares of the company's stock valued at $3,162,000 after acquiring an additional 2,005 shares during the period. Finally, Royal Bank of Canada increased its position in UL Solutions by 119.5% in the 1st quarter. Royal Bank of Canada now owns 143,431 shares of the company's stock valued at $8,090,000 after acquiring an additional 78,081 shares during the period.

UL Solutions Stock Down 0.1%

UL Solutions stock opened at $65.57 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.32 and a quick ratio of 1.32. UL Solutions Inc. has a 1-year low of $46.79 and a 1-year high of $74.15. The company has a market cap of $13.17 billion, a PE ratio of 40.47 and a beta of 0.97. The stock's 50 day moving average price is $67.99 and its 200 day moving average price is $64.02.

UL Solutions (NYSE:ULS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.05. UL Solutions had a return on equity of 37.33% and a net margin of 11.08%.The firm had revenue of $776.00 million for the quarter, compared to the consensus estimate of $771.55 million. During the same period in the previous year, the business earned $0.44 earnings per share. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. On average, sell-side analysts predict that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Friday, August 29th were paid a $0.13 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.8%. UL Solutions's payout ratio is 32.10%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ULS shares. UBS Group dropped their price target on UL Solutions from $72.00 to $70.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 6th. Citigroup restated a "neutral" rating and issued a $71.00 price target (up previously from $60.50) on shares of UL Solutions in a research report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. boosted their price target on UL Solutions from $64.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, UL Solutions has an average rating of "Hold" and a consensus price target of $70.86.

About UL Solutions

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.

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