Kodai Capital Management LP Has $1.50 Million Stock Holdings in UL Solutions Inc. $ULS

Key Points

• Kodai Capital Management LP significantly reduced its position in UL Solutions Inc. by 60.5%, now holding 26,617 shares valued at approximately $1.5 million.
• Despite the reduction by Kodai, other institutional investors like T. Rowe Price and JPMorgan Chase have increased their holdings, with T. Rowe Price boosting its position by 7.2%.
• UL Solutions recently announced a quarterly dividend of $0.13 per share, with a dividend yield of 0.8%, set to be paid on September 8th.

Kodai Capital Management LP cut its holdings in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 60.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,617 shares of the company's stock after selling 40,691 shares during the quarter. Kodai Capital Management LP's holdings in UL Solutions were worth $1,501,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Elequin Capital LP acquired a new position in shares of UL Solutions during the first quarter worth approximately $31,000. Quarry LP acquired a new position in shares of UL Solutions during the fourth quarter worth approximately $32,000. Rhumbline Advisers acquired a new position in shares of UL Solutions during the first quarter worth approximately $49,000. Argent Trust Co acquired a new position in shares of UL Solutions in the first quarter valued at $208,000. Finally, Phillips Wealth Planners LLC acquired a new position in shares of UL Solutions in the first quarter valued at $226,000.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on ULS shares. Raymond James Financial increased their price objective on UL Solutions from $60.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Wells Fargo & Company raised their price target on UL Solutions from $65.00 to $77.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. UBS Group decreased their price target on UL Solutions from $72.00 to $70.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Citigroup reiterated a "neutral" rating and issued a $71.00 price target (up previously from $60.50) on shares of UL Solutions in a report on Wednesday, May 14th. Finally, The Goldman Sachs Group raised their price target on UL Solutions from $57.00 to $63.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $70.86.

UL Solutions Stock Performance

Shares of NYSE ULS traded down $1.31 during midday trading on Wednesday, hitting $62.71. 1,044,728 shares of the company's stock were exchanged, compared to its average volume of 811,297. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.55. UL Solutions Inc. has a 12 month low of $46.79 and a 12 month high of $74.15. The company's 50 day moving average price is $68.86 and its 200 day moving average price is $63.70. The firm has a market capitalization of $12.60 billion, a PE ratio of 38.71 and a beta of 0.97.

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

UL Solutions Dividend Announcement

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