Twin Tree Management LP Invests $296,000 in UL Solutions Inc. $ULS

Key Points

• Twin Tree Management LP has invested approximately $296,000 in UL Solutions Inc. by acquiring 4,063 shares during the second quarter.
• UL Solutions recently announced a quarterly dividend of $0.13 per share, paid on September 8th, representing an annualized dividend yield of 0.7%.
• The company's stock decreased by 1.7% recently, and its current price sits at $75.14, with a 52-week range of $48.54 to $79.05.

Twin Tree Management LP purchased a new position in UL Solutions Inc. (NYSE:ULS - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,063 shares of the company's stock, valued at approximately $296,000.

A number of other large investors also recently modified their holdings of ULS. Elequin Capital LP bought a new position in shares of UL Solutions in the 1st quarter worth about $31,000. Rhumbline Advisers acquired a new position in UL Solutions during the 1st quarter valued at about $49,000. LRI Investments LLC acquired a new position in UL Solutions during the 2nd quarter valued at about $128,000. Argent Trust Co acquired a new position in UL Solutions during the 1st quarter valued at about $208,000. Finally, Phillips Wealth Planners LLC acquired a new position in UL Solutions during the 1st quarter valued at about $226,000.

UL Solutions Stock Down 1.7%

ULS stock opened at $75.14 on Friday. UL Solutions Inc. has a 52 week low of $48.54 and a 52 week high of $79.05. The company has a market capitalization of $15.09 billion, a price-to-earnings ratio of 46.39 and a beta of 1.04. The firm's 50-day moving average is $68.32 and its two-hundred day moving average is $67.33. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.55.

UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. UL Solutions had a net margin of 11.08% and a return on equity of 37.33%. 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 firm earned $0.44 EPS. UL Solutions's revenue was up 6.3% on a year-over-year basis. On average, analysts forecast that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Friday, August 29th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, August 29th. UL Solutions's payout ratio is presently 32.10%.

Analyst Ratings Changes

ULS has been the subject of a number of analyst reports. UBS Group boosted their target price on shares of UL Solutions from $70.00 to $75.00 and gave the company a "neutral" rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their target price on shares of UL Solutions from $64.00 to $70.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of UL Solutions in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $71.57.

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.

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