Voleon Capital Management LP Decreases Stake in UL Solutions Inc. $ULS

Key Points

• Voleon Capital Management LP reduced its stake in UL Solutions Inc. by 62.5% during the first quarter, now holding 10,784 shares valued at $608,000.
• Several institutional investors have made new positions in UL Solutions, with significant investments from firms like Elequin Capital LP and Phillips Wealth Planners LLC.
• Analysts have mixed views on UL Solutions, with target price adjustments ranging from $64.00 to $72.00, and an average consensus rating of "Hold."

Voleon Capital Management LP lessened its holdings in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 62.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,784 shares of the company's stock after selling 17,949 shares during the quarter. Voleon Capital Management LP's holdings in UL Solutions were worth $608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in shares of UL Solutions by 42.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,782 shares of the company's stock worth $688,000 after buying an additional 4,100 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of UL Solutions by 56.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 8,827 shares of the company's stock worth $440,000 after buying an additional 3,185 shares in the last quarter. Northern Trust Corp grew its stake in shares of UL Solutions by 34.1% in the 4th quarter. Northern Trust Corp now owns 183,724 shares of the company's stock worth $9,164,000 after buying an additional 46,736 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of UL Solutions by 3.3% in the 4th quarter. Ameriprise Financial Inc. now owns 124,579 shares of the company's stock worth $6,214,000 after buying an additional 3,929 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of UL Solutions by 225.2% during the 4th quarter. Bank of America Corp DE now owns 214,714 shares of the company's stock worth $10,710,000 after purchasing an additional 148,686 shares during the period.

UL Solutions Stock Performance

UL Solutions stock traded down $1.49 during mid-day trading on Friday, reaching $66.85. 513,643 shares of the company traded hands, compared to its average volume of 787,473. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.32 and a quick ratio of 1.32. UL Solutions Inc. has a fifty-two week low of $48.11 and a fifty-two week high of $74.15. The company has a market capitalization of $13.43 billion, a price-to-earnings ratio of 41.27 and a beta of 0.97. The firm's fifty day moving average is $67.87 and its two-hundred day moving average is $64.21.

UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.05. The business had revenue of $776.00 million for the quarter, compared to the consensus estimate of $771.55 million. UL Solutions had a net margin of 11.08% and a return on equity of 37.33%. The business's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS. On average, equities research analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Friday, August 29th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.52 dividend on an annualized basis and a yield of 0.8%. UL Solutions's dividend payout ratio is 32.10%.

Analyst Ratings Changes

ULS has been the subject of a number of recent analyst reports. UBS Group dropped their price target on shares of UL Solutions from $72.00 to $70.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. JPMorgan Chase & Co. lifted their price target on shares of UL Solutions from $64.00 to $70.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $70.86.

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.