Jacobs Levy Equity Management Inc. Invests $2.88 Million in UL Solutions Inc. (NYSE:ULS)

Jacobs Levy Equity Management Inc. bought a new position in shares of UL Solutions Inc. (NYSE:ULS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 57,637 shares of the company's stock, valued at approximately $2,875,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ULS. JPMorgan Chase & Co. increased its position in shares of UL Solutions by 29.3% during the third quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company's stock worth $222,658,000 after purchasing an additional 1,022,851 shares in the last quarter. Baker Chad R increased its position in shares of UL Solutions by 91.0% during the fourth quarter. Baker Chad R now owns 112,300 shares of the company's stock worth $5,602,000 after purchasing an additional 53,500 shares in the last quarter. Hall Laurie J Trustee increased its position in shares of UL Solutions by 10.3% during the fourth quarter. Hall Laurie J Trustee now owns 54,050 shares of the company's stock worth $2,696,000 after purchasing an additional 5,040 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc increased its position in shares of UL Solutions by 20.7% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 235,501 shares of the company's stock worth $11,726,000 after purchasing an additional 40,396 shares in the last quarter. Finally, KBC Group NV purchased a new position in shares of UL Solutions during the fourth quarter worth about $163,000.

UL Solutions Price Performance

Shares of ULS opened at $70.95 on Friday. UL Solutions Inc. has a twelve month low of $36.79 and a twelve month high of $71.95. The stock's 50 day moving average is $57.59 and its two-hundred day moving average is $54.16. The firm has a market capitalization of $14.20 billion and a PE ratio of 43.80. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85.

UL Solutions (NYSE:ULS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. The business had revenue of $705.00 million for the quarter, compared to analyst estimates 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 for the quarter was up 5.2% compared to the same quarter last year. Research analysts anticipate that UL Solutions Inc. will post 1.69 earnings per share for the current year.

Insider Transactions at UL Solutions

In other news, EVP Alberto Uggetti sold 1,938 shares of the business's 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 sale, the executive vice president now owns 9,285 shares of the company's stock, valued at $492,105. The trade was a 17.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gitte Schjotz sold 7,000 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $67.44, for a total value of $472,080.00. Following the sale, the insider now directly owns 46,889 shares in the company, valued at $3,162,194.16. This trade represents a 12.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,899 shares of company stock valued at $712,064 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ULS. Robert W. Baird raised their price target on UL Solutions from $60.00 to $73.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Raymond James raised their price target on UL Solutions from $60.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. raised their price target on UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. The Goldman Sachs Group raised 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. Finally, UBS Group lifted their price objective on UL Solutions from $58.00 to $72.00 and gave the company a "neutral" rating in a report 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 company has an average rating of "Hold" and a consensus price target 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.

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