UL Solutions Inc. (NYSE:ULS) Position Lifted by Two Sigma Advisers LP

Two Sigma Advisers LP lifted its holdings in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 24.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 574,600 shares of the company's stock after purchasing an additional 111,300 shares during the quarter. Two Sigma Advisers LP owned about 0.29% of UL Solutions worth $28,661,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ULS. Quarry LP purchased a new position in UL Solutions during the fourth quarter worth about $32,000. PNC Financial Services Group Inc. increased its stake in shares of UL Solutions by 653.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock valued at $33,000 after acquiring an additional 582 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its holdings in shares of UL Solutions by 23.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock worth $105,000 after acquiring an additional 400 shares during the period. KBC Group NV acquired a new stake in shares of UL Solutions in the fourth quarter worth approximately $163,000. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in shares of UL Solutions in the fourth quarter worth approximately $201,000.

Insiders Place Their Bets

In related news, insider Gitte Schjotz sold 7,000 shares of UL Solutions stock in a transaction 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 sale, the insider now owns 46,889 shares of the company's stock, valued at $3,162,194.16. The trade was a 12.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Alberto Uggetti sold 1,961 shares of the business's stock in a transaction on 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 transaction, the executive vice president now owns 9,285 shares in the company, valued at $649,950. This represents a 17.44% 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 90 days. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. upped their price target on shares of UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Citigroup restated a "neutral" rating and set a $71.00 price objective (up from $60.50) on shares of UL Solutions in a report on Wednesday, May 14th. Raymond James lifted their target price on UL Solutions from $60.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. UBS Group boosted their price target on UL Solutions from $58.00 to $72.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Finally, 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 report on Wednesday, May 7th. Five research 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, the company presently has an average rating of "Hold" and an average price target of $69.43.

UL Solutions Stock Up 1.0%

Shares of NYSE:ULS traded up $0.70 during midday trading on Monday, hitting $71.70. 419,565 shares of the company's stock traded hands, compared to its average volume of 758,150. The firm's fifty day moving average price is $60.03 and its two-hundred day moving average price is $55.05. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. UL Solutions Inc. has a twelve month low of $37.87 and a twelve month high of $72.81. The company has a market cap of $14.35 billion and a PE ratio of 44.26.

UL Solutions (NYSE:ULS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.37 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 company had revenue of $705.00 million for the quarter, compared to analysts' expectations of $704.19 million. The company's quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Friday, May 30th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, May 30th. UL Solutions's dividend payout ratio (DPR) is presently 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.