UL Solutions Inc. $ULS Holdings Decreased by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. has reduced its stake in UL Solutions Inc. by 57.3%, selling 22,403 shares, and now holds 16,665 shares valued at approximately $940,000.
• Several institutional investors, including Elequin Capital LP and Connecticut Wealth Management LLC, have also made changes to their stakes in UL Solutions, with some increasing their holdings.
• UL Solutions' stock has received mixed analyst ratings, with target prices ranging from $65.00 to $77.00, while the company reported a quarterly EPS of $0.52, surpassing expectations.

Graham Capital Management L.P. reduced its position in UL Solutions Inc. (NYSE:ULS - Free Report) by 57.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 16,665 shares of the company's stock after selling 22,403 shares during the period. Graham Capital Management L.P.'s holdings in UL Solutions were worth $940,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Elequin Capital LP acquired a new position in shares of UL Solutions in the first quarter worth $31,000. Rhumbline Advisers purchased a new position in UL Solutions in the first quarter valued at about $49,000. Argent Trust Co bought a new position in UL Solutions during the 1st quarter worth approximately $208,000. Phillips Wealth Planners LLC bought a new position in UL Solutions during the 1st quarter worth approximately $226,000. Finally, Cresset Asset Management LLC bought a new stake in shares of UL Solutions in the 1st quarter worth approximately $226,000.

Analyst Ratings Changes

A number of research firms recently issued reports on ULS. Citigroup reissued a "neutral" rating and set a $71.00 price objective (up previously from $60.50) on shares of UL Solutions in a research report on Wednesday, May 14th. UBS Group lowered their price objective on UL Solutions from $72.00 to $70.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Finally, JPMorgan Chase & Co. increased their price target on UL Solutions from $64.00 to $70.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 6th. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $70.86.

UL Solutions Stock Performance

Shares of ULS traded up $0.74 on Tuesday, reaching $64.66. 254,432 shares of the stock traded hands, compared to its average volume of 813,521. 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 12 month low of $46.79 and a 12 month high of $74.15. The firm has a market cap of $12.99 billion, a price-to-earnings ratio of 39.87 and a beta of 0.98. The stock's 50-day moving average price is $68.18 and its 200-day moving average price is $63.99.

UL Solutions (NYSE:ULS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.52 EPS for the quarter, topping 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 analyst estimates of $771.55 million. During the same quarter last year, the company earned $0.44 EPS. The company's revenue was up 6.3% on a year-over-year basis. Equities analysts forecast that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Announces Dividend

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

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.