UL Solutions Inc. (NYSE:ULS) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lessened its holdings in UL Solutions Inc. (NYSE:ULS - Free Report) by 36.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 163,900 shares of the company's stock after selling 93,800 shares during the quarter. Polar Asset Management Partners Inc. owned 0.08% of UL Solutions worth $8,175,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Quarry LP purchased a new position in shares of UL Solutions in the fourth quarter worth about $32,000. PNC Financial Services Group Inc. increased its stake in UL Solutions by 653.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock worth $33,000 after purchasing an additional 582 shares during the period. Northwest & Ethical Investments L.P. lifted its position in UL Solutions by 23.5% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock valued at $105,000 after purchasing an additional 400 shares during the last quarter. KBC Group NV bought a new stake in UL Solutions in the fourth quarter valued at approximately $163,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of UL Solutions during the fourth quarter valued at approximately $221,000.

Wall Street Analyst Weigh In

ULS has been the subject of a number of recent analyst reports. UBS Group upped their price target on shares of UL Solutions from $58.00 to $72.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Raymond James upped their target price on shares of UL Solutions from $60.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group lifted their price objective on UL Solutions from $57.00 to $63.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Wells Fargo & Company increased their price target on shares of UL Solutions from $65.00 to $77.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Finally, Robert W. Baird lifted their price objective on UL Solutions from $60.00 to $73.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $69.43.

Insider Activity

In other news, insider Gitte Schjotz sold 7,000 shares of UL Solutions stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $67.44, for a total transaction of $472,080.00. Following the completion of the sale, the insider now owns 46,889 shares of the company's stock, valued at approximately $3,162,194.16. The trade was a 12.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Alberto Uggetti sold 1,961 shares of the company's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $70.00, for a total transaction of $137,270.00. Following the completion of the sale, the executive vice president now directly owns 9,285 shares of the company's stock, valued at approximately $649,950. This trade represents a 17.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,899 shares of company stock worth $712,064. 1.20% of the stock is currently owned by insiders.

UL Solutions Stock Performance

NYSE ULS traded up $0.53 on Friday, hitting $71.52. 776,278 shares of the company traded hands, compared to its average volume of 757,697. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. The business's 50 day moving average price is $61.81 and its 200-day moving average price is $55.73. The company has a market capitalization of $14.34 billion and a price-to-earnings ratio of 44.15. UL Solutions Inc. has a 52-week low of $37.87 and a 52-week high of $72.81.

UL Solutions (NYSE:ULS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.05. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The business had revenue of $705.00 million during the quarter, compared to analyst estimates of $704.19 million. The company's revenue was up 5.2% compared to the same quarter last year. Equities analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Friday, May 30th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.73%. UL Solutions's dividend payout ratio is currently 31.14%.

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.