Oribel Capital Management LP Trims Stock Position in UL Solutions Inc. (NYSE:ULS)

Oribel Capital Management LP lessened its stake in UL Solutions Inc. (NYSE:ULS - Free Report) by 86.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,500 shares of the company's stock after selling 404,600 shares during the period. Oribel Capital Management LP's holdings in UL Solutions were worth $3,167,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ULS. PNC Financial Services Group Inc. grew its position in shares of UL Solutions by 653.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock worth $33,000 after buying an additional 582 shares in the last quarter. Northwest & Ethical Investments L.P. grew its holdings in UL Solutions by 23.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock worth $105,000 after acquiring an additional 400 shares in the last quarter. KBC Group NV bought a new position in UL Solutions during the 4th quarter worth about $163,000. Signature Estate & Investment Advisors LLC purchased a new position in UL Solutions during the 4th quarter valued at about $201,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of UL Solutions in the 4th quarter valued at about $221,000.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ULS. JPMorgan Chase & Co. increased their price objective on shares of UL Solutions from $55.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. The Goldman Sachs Group increased their target price on UL Solutions from $51.00 to $57.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. Finally, Citigroup boosted their price target on UL Solutions from $60.00 to $60.50 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $51.45.

Insider Transactions at UL Solutions

In related news, EVP Alberto Uggetti sold 1,938 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $53.00, for a total value of $102,714.00. Following the transaction, the executive vice president now owns 9,285 shares in the company, valued at approximately $492,105. This represents a 17.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

UL Solutions Stock Performance

ULS stock traded up $1.01 during trading on Friday, reaching $55.88. The company had a trading volume of 407,476 shares, compared to its average volume of 781,010. The company has a market cap of $11.19 billion and a price-to-earnings ratio of 34.50. UL Solutions Inc. has a twelve month low of $33.15 and a twelve month high of $59.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a 50-day simple moving average of $54.10 and a 200-day simple moving average of $52.53.

UL Solutions (NYSE:ULS - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.11. The firm had revenue of $739.00 million for the quarter, compared to analyst estimates of $726.54 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. As a group, sell-side analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 28th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.93%. The ex-dividend date was Friday, February 28th. This is an increase from UL Solutions's previous quarterly dividend of $0.13. UL Solutions's payout ratio is presently 32.10%.

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.