Optimize Financial Inc Makes New Investment in UL Solutions Inc. $ULS

Key Points

• Optimize Financial Inc has invested approximately $233,000 in UL Solutions Inc by acquiring 4,130 shares during the first quarter of the year.
• Analysts have mixed views on UL Solutions' stock, with three rating it as "Buy" while four have given it a "Hold" rating, leading to an average price target of $70.86.
• UL Solutions recently reported a quarterly EPS of $0.52, exceeding analysts' expectations, with a revenue increase of 6.3% year-over-year.

Optimize Financial Inc purchased a new stake in shares of UL Solutions Inc. (NYSE:ULS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,130 shares of the company's stock, valued at approximately $233,000.

A number of other hedge funds also recently made changes to their positions in ULS. Bessemer Group Inc. acquired a new stake in shares of UL Solutions in the first quarter valued at approximately $80,618,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of UL Solutions in the first quarter valued at approximately $57,999,000. Wellington Management Group LLP acquired a new stake in shares of UL Solutions in the fourth quarter valued at approximately $32,091,000. T. Rowe Price Investment Management Inc. lifted its position in shares of UL Solutions by 7.2% in 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. Finally, Voloridge Investment Management LLC acquired a new stake in shares of UL Solutions in the fourth quarter valued at approximately $14,382,000.

UL Solutions Trading Up 1.6%

Shares of NYSE:ULS traded up $1.07 during midday trading on Monday, reaching $67.82. The company's stock had a trading volume of 103,036 shares, compared to its average volume of 811,041. The firm has a market capitalization of $13.62 billion, a price-to-earnings ratio of 41.90 and a beta of 0.98. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a 50 day moving average price of $67.87 and a two-hundred day moving average price of $64.36. UL Solutions Inc. has a fifty-two week low of $48.11 and a fifty-two week high of $74.15.

UL Solutions (NYSE:ULS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.52 earnings per share (EPS) 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 company 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 EPS. The firm's revenue was up 6.3% compared to the same quarter last year. As a group, analysts forecast that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on ULS shares. JPMorgan Chase & Co. raised 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. UBS Group dropped their price target on UL Solutions from $72.00 to $70.00 and set a "neutral" rating for the company in a 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price 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.