Graham Capital Management L.P. Reduces Stock Position in UL Solutions Inc. $ULS

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. cut its position in UL Solutions Inc. (NYSE:ULS - Free Report) by 57.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,665 shares of the company's stock after selling 22,403 shares during the quarter. Graham Capital Management L.P.'s holdings in UL Solutions were worth $940,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. boosted its position in shares of UL Solutions by 7.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,530,367 shares of the company's stock valued at $255,513,000 after buying an additional 305,658 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in UL Solutions by 1.9% during the 1st quarter. JPMorgan Chase & Co. now owns 4,473,990 shares of the company's stock valued at $252,333,000 after acquiring an additional 82,261 shares during the period. Janus Henderson Group PLC boosted its holdings in UL Solutions by 3.5% during the 4th quarter. Janus Henderson Group PLC now owns 2,389,077 shares of the company's stock valued at $119,164,000 after acquiring an additional 81,426 shares during the period. Bessemer Group Inc. bought a new position in UL Solutions during the 1st quarter valued at approximately $80,618,000. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new position in UL Solutions during the 1st quarter valued at approximately $57,999,000.

Analysts Set New Price Targets

ULS has been the subject of a number of analyst reports. UBS Group reduced their price objective on UL Solutions from $72.00 to $70.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Citigroup reiterated a "neutral" rating and set a $71.00 target price (up from $60.50) on shares of UL Solutions in a research report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. boosted their price objective 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.com, the stock currently has a consensus rating of "Hold" and an average price target of $70.86.

UL Solutions Trading Up 0.7%

Shares of NYSE ULS traded up $0.46 during trading hours on Friday, reaching $63.85. The stock had a trading volume of 638,806 shares, compared to its average volume of 888,465. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.55. The firm has a market cap of $12.83 billion, a price-to-earnings ratio of 39.41 and a beta of 0.97. The business's fifty day moving average price is $68.36 and its two-hundred day moving average price is $63.85. UL Solutions Inc. has a 52-week low of $46.79 and a 52-week high of $74.15.

UL Solutions (NYSE:ULS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. The company had revenue of $776.00 million during the quarter, compared to analyst estimates of $771.55 million. UL Solutions had a return on equity of 37.33% and a net margin of 11.08%.UL Solutions's revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share. Analysts expect 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 will be paid on Monday, September 8th. Stockholders of record on Friday, August 29th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.52 dividend on an annualized basis and a dividend 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.