UL Solutions Inc. (NYSE:ULS) Stake Lowered by Zimmer Partners LP

Zimmer Partners LP lessened its holdings in UL Solutions Inc. (NYSE:ULS - Free Report) by 76.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 165,000 shares of the company's stock after selling 545,000 shares during the period. Zimmer Partners LP owned 0.08% of UL Solutions worth $8,230,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP acquired a new stake in shares of UL Solutions in the 4th quarter valued at $32,000. PNC Financial Services Group Inc. lifted its stake in shares of UL Solutions by 653.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock valued at $33,000 after purchasing an additional 582 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its stake in shares of UL Solutions by 23.5% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock valued at $105,000 after purchasing an additional 400 shares during the last quarter. KBC Group NV acquired a new stake in shares of UL Solutions in the 4th quarter valued at $163,000. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in shares of UL Solutions in the 4th quarter valued at $201,000.

Insider Activity

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

UL Solutions Stock Down 0.1%

Shares of ULS opened at $72.69 on Tuesday. The company has a 50-day simple moving average of $58.48 and a 200-day simple moving average of $54.47. The firm has a market capitalization of $14.55 billion and a P/E ratio of 44.87. 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 52 week low of $36.87 and a 52 week 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, beating analysts' consensus estimates of $0.32 by $0.05. The business had revenue of $705.00 million during the quarter, compared to analyst estimates of $704.19 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The business's quarterly revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ULS shares. 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. Robert W. Baird boosted their target price on shares of UL Solutions from $60.00 to $73.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. UBS Group boosted their target price on shares of UL Solutions from $58.00 to $72.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Raymond James boosted their target price on shares of UL Solutions from $60.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. boosted their target price 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. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, UL Solutions presently has a consensus rating of "Hold" and a consensus price target of $69.43.

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.

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