D. E. Shaw & Co. Inc. Purchases 7,294 Shares of UL Solutions Inc. (NYSE:ULS)

D. E. Shaw & Co. Inc. increased its position in UL Solutions Inc. (NYSE:ULS - Free Report) by 16.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,863 shares of the company's stock after purchasing an additional 7,294 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in UL Solutions were worth $2,537,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ULS. JPMorgan Chase & Co. boosted its stake in shares of UL Solutions by 29.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company's stock valued at $222,658,000 after purchasing an additional 1,022,851 shares in the last quarter. Hall Laurie J Trustee lifted its position in UL Solutions by 10.3% during 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 in the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its position in UL Solutions by 20.7% during 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 in the last quarter. KBC Group NV acquired a new position in UL Solutions during the 4th quarter worth about $163,000. Finally, Renaissance Capital LLC lifted its position in UL Solutions by 108.5% during the 4th quarter. Renaissance Capital LLC now owns 87,609 shares of the company's stock worth $4,370,000 after buying an additional 45,595 shares in the last quarter.

Analyst Upgrades and Downgrades

ULS has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price objective on UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Robert W. Baird boosted their price objective on UL Solutions from $60.00 to $73.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Wells Fargo & Company boosted their price objective on UL Solutions from $65.00 to $77.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. The Goldman Sachs Group upped their price target on UL Solutions from $57.00 to $63.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, UBS Group upped their price target on UL Solutions from $58.00 to $72.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $69.43.

UL Solutions Price Performance

Shares of ULS opened at $72.69 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a 50 day simple moving average of $58.48 and a 200 day simple moving average of $54.47. UL Solutions Inc. has a 52-week low of $36.87 and a 52-week high of $72.81. The firm has a market capitalization of $14.55 billion and a PE ratio of 44.87.

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 (EPS) for the quarter, beating 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 business had revenue of $705.00 million during the quarter, compared to analyst estimates of $704.19 million. UL Solutions's quarterly revenue was up 5.2% compared to the same quarter last year. Sell-side analysts predict that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other UL Solutions news, EVP Alberto Uggetti sold 1,961 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $70.00, for a total transaction of $137,270.00. Following the completion of the transaction, the executive vice president now owns 9,285 shares of the company's stock, valued at $649,950. This represents a 17.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Gitte Schjotz sold 7,000 shares of the stock in a transaction that occurred on 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 directly owns 46,889 shares of the company's stock, valued at approximately $3,162,194.16. The trade was a 12.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,899 shares of company stock valued at $712,064 in the last quarter. 1.20% of the stock is currently owned by insiders.

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.

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