Polar Asset Management Partners Inc. Decreases Holdings in UL Solutions Inc. (NYSE:ULS)

Polar Asset Management Partners Inc. decreased its holdings in UL Solutions Inc. (NYSE:ULS - Free Report) by 36.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,900 shares of the company's stock after selling 93,800 shares during the quarter. Polar Asset Management Partners Inc. owned about 0.08% of UL Solutions worth $8,175,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of UL Solutions by 7.8% in the 4th quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company's stock worth $278,016,000 after purchasing an additional 401,492 shares in the last quarter. Renaissance Capital LLC raised its stake in UL Solutions by 108.5% in the 4th quarter. Renaissance Capital LLC now owns 87,609 shares of the company's stock worth $4,370,000 after acquiring an additional 45,595 shares during the last quarter. JPMorgan Chase & Co. raised its stake in UL Solutions by 29.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company's stock worth $222,658,000 after acquiring an additional 1,022,851 shares during the last quarter. Picton Mahoney Asset Management raised its stake in UL Solutions by 18.6% in the 4th quarter. Picton Mahoney Asset Management now owns 114,721 shares of the company's stock worth $5,722,000 after acquiring an additional 18,019 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in UL Solutions in the 4th quarter worth $332,000.

Analyst Upgrades and Downgrades

ULS has been the subject of a number of research analyst reports. Robert W. Baird raised their target price on UL Solutions from $60.00 to $73.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. raised their target price on UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. UBS Group lifted their price objective on UL Solutions from $58.00 to $72.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Raymond James lifted 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. Finally, Citigroup reiterated a "neutral" rating and set a $71.00 price objective (up previously from $60.50) on shares of UL Solutions in a research note on Wednesday, May 14th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $69.43.

UL Solutions Stock Down 0.2%

Shares of ULS stock traded down $0.16 on Wednesday, reaching $71.61. 185,114 shares of the stock were exchanged, compared to its average volume of 763,552. 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 business's 50 day moving average price is $58.91 and its 200 day moving average price is $54.59. The company has a market capitalization of $14.33 billion and a price-to-earnings ratio of 44.16. UL Solutions Inc. has a twelve month low of $37.87 and a twelve month high of $73.25.

UL Solutions (NYSE:ULS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.37 EPS for the quarter, topping 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 firm had revenue of $705.00 million during the quarter, compared to the consensus estimate of $704.19 million. The company's revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Friday, May 30th will be issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.73%. UL Solutions's payout ratio is 31.14%.

Insider Activity

In other news, 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 transaction of $472,080.00. Following the sale, the insider now owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $102,714.00. Following the sale, the executive vice president now directly owns 9,285 shares in the company, valued at $492,105. This trade represents a 17.27% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,899 shares of company stock valued at $712,064. Insiders own 1.20% of the company's stock.

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.