Two Sigma Advisers LP Raises Stake in UL Solutions Inc. (NYSE:ULS)

Two Sigma Advisers LP lifted its position in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 24.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 574,600 shares of the company's stock after acquiring an additional 111,300 shares during the quarter. Two Sigma Advisers LP owned approximately 0.29% of UL Solutions worth $28,661,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Two Sigma Investments LP raised its position in UL Solutions by 31.5% in the fourth quarter. Two Sigma Investments LP now owns 692,510 shares of the company's stock valued at $34,542,000 after purchasing an additional 165,746 shares during the last quarter. State of Wyoming increased its stake in shares of UL Solutions by 123.0% in the fourth quarter. State of Wyoming now owns 10,958 shares of the company's stock valued at $547,000 after buying an additional 6,043 shares during the period. Port Capital LLC raised its holdings in UL Solutions by 3.1% in the 4th quarter. Port Capital LLC now owns 537,060 shares of the company's stock valued at $26,789,000 after buying an additional 16,275 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its position in UL Solutions by 28.4% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 8,600 shares of the company's stock worth $429,000 after buying an additional 1,900 shares during the period. Finally, Occudo Quantitative Strategies LP grew its holdings in UL Solutions by 2.7% during the 4th quarter. Occudo Quantitative Strategies LP now owns 75,414 shares of the company's stock worth $3,762,000 after acquiring an additional 1,974 shares during the last quarter.

Analyst Ratings Changes

ULS has been the topic of several analyst reports. Wells Fargo & Company boosted their price objective on shares of UL Solutions from $65.00 to $77.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Citigroup reissued a "neutral" rating and issued a $71.00 price target (up previously from $60.50) on shares of UL Solutions in a research note on Wednesday, May 14th. Robert W. Baird raised their price objective on UL Solutions from $60.00 to $73.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group upped their target price on UL Solutions from $57.00 to $63.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of UL Solutions from $55.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $69.43.

Insider Transactions at UL Solutions

In other UL Solutions news, EVP Alberto Uggetti sold 1,938 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.00, for a total value of $102,714.00. Following the completion of the sale, the executive vice president now directly owns 9,285 shares of the company's stock, valued at $492,105. This trade represents a 17.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Gitte Schjotz sold 7,000 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $67.44, for a total value of $472,080.00. Following the transaction, the insider now directly owns 46,889 shares in the company, valued at $3,162,194.16. This represents a 12.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,899 shares of company stock worth $712,064 in the last quarter. Insiders own 1.20% of the company's stock.

UL Solutions Stock Up 1.0%

ULS traded up $0.70 during mid-day trading on Friday, reaching $71.70. 419,565 shares of the stock were exchanged, compared to its average volume of 758,671. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. The company has a 50 day moving average price of $60.03 and a two-hundred day moving average price of $54.98. UL Solutions Inc. has a 1 year low of $37.87 and a 1 year high of $72.81. The stock has a market capitalization of $14.35 billion and a PE ratio of 44.26.

UL Solutions (NYSE:ULS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. The business had revenue of $705.00 million for the quarter, compared to analysts' expectations of $704.19 million. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The company's quarterly revenue was up 5.2% on a year-over-year basis. As a group, research analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current year.

UL Solutions Announces Dividend

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

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.