J. Goldman & Co LP Sells 275,231 Shares of UL Solutions Inc. (NYSE:ULS)

J. Goldman & Co LP lowered its holdings in UL Solutions Inc. (NYSE:ULS - Free Report) by 63.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 157,214 shares of the company's stock after selling 275,231 shares during the period. J. Goldman & Co LP owned approximately 0.08% of UL Solutions worth $7,842,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. acquired a new stake in shares of UL Solutions during the 4th quarter worth $2,875,000. Janus Henderson Group PLC increased its holdings in UL Solutions by 3.5% in the 4th quarter. Janus Henderson Group PLC now owns 2,389,077 shares of the company's stock valued at $119,164,000 after buying an additional 81,426 shares during the period. Jefferies Financial Group Inc. acquired a new position in shares of UL Solutions in the 4th quarter valued at approximately $661,000. Graham Capital Management L.P. acquired a new position in shares of UL Solutions in the 4th quarter valued at approximately $1,949,000. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of UL Solutions by 16.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 50,863 shares of the company's stock worth $2,537,000 after acquiring an additional 7,294 shares during the period.

Insider Activity at UL Solutions

In related news, EVP Alberto Uggetti sold 1,961 shares of UL Solutions stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $70.00, for a total transaction of $137,270.00. Following the completion of the transaction, the executive vice president now owns 9,285 shares of the company's stock, valued at $649,950. This trade represents a 17.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gitte Schjotz sold 7,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $67.44, for a total transaction of $472,080.00. Following the completion of the transaction, the insider now owns 46,889 shares in the company, valued at approximately $3,162,194.16. The trade was a 12.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,899 shares of company stock worth $712,064 over the last three months. Company insiders own 1.20% of the company's stock.

UL Solutions Price Performance

ULS traded down $1.48 on Wednesday, reaching $69.66. The stock had a trading volume of 1,099,682 shares, compared to its average volume of 766,822. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $13.94 billion and a price-to-earnings ratio of 43.00. UL Solutions Inc. has a fifty-two week low of $36.52 and a fifty-two week high of $71.95. The firm has a 50-day moving average of $56.86 and a 200-day moving average of $53.92.

UL Solutions (NYSE:ULS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.05. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The business had revenue of $705.00 million during the quarter, compared to analyst estimates of $704.19 million. The company's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, sell-side analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on ULS shares. UBS Group boosted their price objective on shares of UL Solutions from $58.00 to $72.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group boosted their price target on UL Solutions from $57.00 to $63.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Raymond James raised their price objective on UL Solutions from $60.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Wells Fargo & Company lifted their target price on UL Solutions from $65.00 to $77.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Finally, Citigroup reissued a "neutral" rating and issued a $71.00 target price (up previously from $60.50) on shares of UL Solutions in a report on Wednesday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, UL Solutions has an average rating of "Hold" and a consensus target price of $69.43.

UL Solutions Company 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.