8,003 Shares in UL Solutions Inc. (NYSE:ULS) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in shares of UL Solutions Inc. (NYSE:ULS - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,003 shares of the company's stock, valued at approximately $451,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ULS. Thrivent Financial for Lutherans bought a new stake in shares of UL Solutions during the fourth quarter valued at about $677,000. American Century Companies Inc. increased its position in shares of UL Solutions by 38.0% during the fourth quarter. American Century Companies Inc. now owns 425,307 shares of the company's stock valued at $21,214,000 after buying an additional 117,176 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of UL Solutions during the fourth quarter valued at about $604,000. Vanguard Group Inc. increased its position in shares of UL Solutions by 7.8% during the fourth quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company's stock valued at $278,016,000 after buying an additional 401,492 shares during the period. Finally, Norges Bank bought a new stake in shares of UL Solutions during the fourth quarter valued at about $173,869,000.

Insider Buying and Selling at UL Solutions

In other news, insider Gitte Schjotz sold 7,000 shares of UL Solutions stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $67.44, for a total value of $472,080.00. Following the completion of the transaction, the insider owned 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alberto Uggetti sold 1,961 shares of UL Solutions stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $70.00, for a total value of $137,270.00. Following the completion of the sale, the executive vice president owned 9,285 shares of the company's stock, valued at $649,950. The trade was a 17.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

ULS has been the subject of several recent analyst reports. Raymond James Financial boosted their price objective on UL Solutions from $60.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Robert W. Baird boosted 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. Wells Fargo & Company boosted 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. Citigroup reissued a "neutral" rating and set a $71.00 price objective (up previously from $60.50) on shares of UL Solutions in a report on Wednesday, May 14th. Finally, UBS Group upped their target price on UL Solutions from $58.00 to $72.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $69.43.

UL Solutions Trading Down 1.2%

Shares of NYSE:ULS traded down $0.90 during trading on Friday, reaching $72.22. 576,044 shares of the company traded hands, compared to its average volume of 764,429. The firm has a market capitalization of $14.48 billion, a price-to-earnings ratio of 43.21 and a beta of 1.02. UL Solutions Inc. has a 52-week low of $46.79 and a 52-week high of $74.15. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.66. The business's fifty day moving average is $71.18 and its 200-day moving average is $61.69.

UL Solutions (NYSE:ULS - Get Free Report) last announced 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. UL Solutions had a return on equity of 40.79% and a net margin of 11.60%. The company had revenue of $705.00 million during the quarter, compared to the consensus estimate of $704.19 million. The company's quarterly revenue was up 5.2% on a year-over-year basis. As a group, analysts forecast that UL Solutions Inc. will post 1.69 EPS for the current year.

UL Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 30th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.52 annualized dividend and a yield of 0.7%. UL Solutions's dividend payout ratio (DPR) 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.