Two Sigma Investments LP Buys 165,746 Shares of UL Solutions Inc. (NYSE:ULS)

Two Sigma Investments LP raised its holdings in UL Solutions Inc. (NYSE:ULS - Free Report) by 31.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 692,510 shares of the company's stock after purchasing an additional 165,746 shares during the quarter. Two Sigma Investments LP owned approximately 0.35% of UL Solutions worth $34,542,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ULS. 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 in the last quarter. Port Capital LLC grew its holdings in UL Solutions by 3.1% during the 4th quarter. Port Capital LLC now owns 537,060 shares of the company's stock worth $26,789,000 after acquiring an additional 16,275 shares during the last quarter. OMERS ADMINISTRATION Corp increased its position in UL Solutions by 28.4% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 8,600 shares of the company's stock valued at $429,000 after acquiring an additional 1,900 shares in the last quarter. Occudo Quantitative Strategies LP increased its position in UL Solutions by 2.7% in the 4th quarter. Occudo Quantitative Strategies LP now owns 75,414 shares of the company's stock valued at $3,762,000 after acquiring an additional 1,974 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of UL Solutions in the fourth quarter worth about $2,875,000.

Wall Street Analysts Forecast Growth

ULS has been the topic of several research analyst reports. Robert W. Baird raised their price target on shares of UL Solutions from $60.00 to $73.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Wells Fargo & Company upped their price objective on UL Solutions from $65.00 to $77.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Raymond James lifted their target price on UL Solutions from $60.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. upped their price target on UL Solutions from $55.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, Citigroup reiterated a "neutral" rating and issued a $71.00 price target (up previously from $60.50) on shares of UL Solutions in a report on Wednesday, May 14th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $69.43.

Insider Activity

In related news, EVP Alberto Uggetti sold 1,938 shares of UL Solutions stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $53.00, for a total transaction of $102,714.00. Following the transaction, the executive vice president now owns 9,285 shares of the company's stock, valued at $492,105. This trade represents a 17.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gitte Schjotz sold 7,000 shares of the stock in a transaction on Wednesday, May 7th. The stock was 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 in the company, valued at approximately $3,162,194.16. This trade represents a 12.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,899 shares of company stock valued at $712,064 in the last ninety days. 1.20% of the stock is owned by insiders.

UL Solutions Trading Up 1.0%

Shares of UL Solutions stock traded up $0.70 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 50-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 current ratio of 1.31 and a quick ratio of 1.31. The stock has a market capitalization of $14.35 billion and a PE ratio of 44.26. UL Solutions Inc. has a one year low of $37.87 and a one year high of $72.81.

UL Solutions (NYSE:ULS - Get Free Report) last announced 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 business had revenue of $705.00 million during the quarter, compared to analysts' expectations of $704.19 million. UL Solutions's revenue for the quarter was up 5.2% on a year-over-year basis. On average, research analysts expect that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Dividend Announcement

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. The ex-dividend date is Friday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.73%. UL Solutions's 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.