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

Two Sigma Investments LP grew its stake in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 31.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 692,510 shares of the company's stock after buying an additional 165,746 shares during the period. Two Sigma Investments LP owned 0.35% of UL Solutions worth $34,542,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Norges Bank bought a new position in UL Solutions in the 4th quarter worth about $173,869,000. T. Rowe Price Investment Management Inc. raised its stake in UL Solutions by 88.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,224,709 shares of the company's stock valued at $210,729,000 after purchasing an additional 1,987,295 shares in the last quarter. JPMorgan Chase & Co. grew its stake in UL Solutions by 29.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company's stock worth $222,658,000 after buying an additional 1,022,851 shares in the last quarter. Capital International Investors increased its holdings in shares of UL Solutions by 7.4% in the 4th quarter. Capital International Investors now owns 11,691,957 shares of the company's stock worth $583,324,000 after buying an additional 809,779 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of UL Solutions in the 4th quarter worth $32,091,000.

Analyst Ratings Changes

A number of research firms recently commented on ULS. UBS Group increased their target price on UL Solutions from $58.00 to $72.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Robert W. Baird increased their price target on shares of UL Solutions from $60.00 to $73.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group lifted their price target on shares of UL Solutions from $57.00 to $63.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Citigroup reaffirmed a "neutral" rating and issued a $71.00 price objective (up previously from $60.50) on shares of UL Solutions in a research note on Wednesday, May 14th. Finally, Wells Fargo & Company boosted their price target 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. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $69.43.

UL Solutions Trading Up 1.0%

Shares of ULS traded up $0.70 during trading hours on Friday, reaching $71.70. 419,565 shares of the company traded hands, compared to its average volume of 758,671. UL Solutions Inc. has a 12 month low of $37.87 and a 12 month high of $72.81. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. The company's fifty day moving average price is $60.03 and its two-hundred day moving average price is $54.98. The company has a market capitalization of $14.35 billion and a price-to-earnings ratio of 44.26.

UL Solutions (NYSE:ULS - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.05. The company had revenue of $705.00 million during 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 revenue was up 5.2% on a year-over-year basis. Equities research analysts predict 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 will be paid on Monday, June 9th. Stockholders of record on Friday, May 30th will be given a $0.13 dividend. 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 presently 31.14%.

Insider Buying and Selling

In other UL Solutions news, insider Gitte Schjotz sold 7,000 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $67.44, for a total transaction of $472,080.00. Following the transaction, the insider now owns 46,889 shares in the company, valued at approximately $3,162,194.16. This represents a 12.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alberto Uggetti sold 1,938 shares of UL Solutions stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $53.00, for a total transaction of $102,714.00. Following the completion of the sale, the executive vice president now owns 9,285 shares of the company's stock, valued at $492,105. This represents a 17.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,899 shares of company stock worth $712,064 in the last 90 days. Insiders own 1.20% of the company's stock.

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.