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

Other large investors have also bought and sold shares of the company. Elequin Capital LP bought a new stake in UL Solutions during the 1st quarter worth approximately $31,000. Rhumbline Advisers bought a new stake in UL Solutions during the 1st quarter worth approximately $49,000. Argent Trust Co bought a new stake in UL Solutions during the 1st quarter worth approximately $208,000. Phillips Wealth Planners LLC bought a new stake in UL Solutions during the 1st quarter worth approximately $226,000. Finally, Cresset Asset Management LLC bought a new stake in UL Solutions during the 1st quarter worth approximately $226,000.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ULS shares. UBS Group lowered their target price on UL Solutions from $72.00 to $70.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. JPMorgan Chase & Co. upped 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 research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $70.86.

UL Solutions Stock Down 2.2%

ULS stock traded down $1.49 during midday trading on Friday, hitting $66.85. The company's stock had a trading volume of 513,643 shares, compared to its average volume of 787,473. 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 twelve month low of $48.11 and a twelve month high of $74.15. The company's fifty day moving average price is $67.87 and its 200 day moving average price is $64.21. The stock has a market capitalization of $13.43 billion, a P/E ratio of 41.27 and a beta of 0.97.

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

UL Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Friday, August 29th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, August 29th. UL Solutions's dividend payout ratio is presently 32.10%.

UL Solutions 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.