UL Solutions Inc. (NYSE:ULS) Stock Holdings Trimmed by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC decreased its position in UL Solutions Inc. (NYSE:ULS - Free Report) by 42.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,100 shares of the company's stock after selling 23,969 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in UL Solutions were worth $1,651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ULS. Northern Trust Corp grew its stake in shares of UL Solutions by 34.1% during the fourth quarter. Northern Trust Corp now owns 183,724 shares of the company's stock worth $9,164,000 after purchasing an additional 46,736 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of UL Solutions by 56.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 8,827 shares of the company's stock worth $440,000 after buying an additional 3,185 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in shares of UL Solutions in the 4th quarter valued at $1,141,000. Quarry LP purchased a new position in shares of UL Solutions in the 4th quarter valued at $32,000. Finally, Nebula Research & Development LLC boosted its stake in UL Solutions by 273.9% in the fourth quarter. Nebula Research & Development LLC now owns 29,155 shares of the company's stock valued at $1,454,000 after acquiring an additional 21,358 shares in the last quarter.

UL Solutions Trading Down 0.6 %

ULS traded down $0.40 on Friday, reaching $70.09. 937,406 shares of the company's stock were exchanged, compared to its average volume of 756,563. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. UL Solutions Inc. has a twelve month low of $36.51 and a twelve month high of $71.89. The company's 50 day moving average is $56.12 and its 200-day moving average is $53.68. The company has a market cap of $14.03 billion and a price-to-earnings ratio of 43.27.

UL Solutions (NYSE:ULS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $704.19 million. The business's revenue was up 5.2% compared to the same quarter last year. Equities analysts predict that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 28th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from UL Solutions's previous quarterly dividend of $0.13. UL Solutions's dividend payout ratio is currently 31.14%.

Wall Street Analyst Weigh In

ULS has been the subject of several research reports. Raymond James boosted their target price on UL Solutions from $60.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday. Wells Fargo & Company increased their price target on shares of UL Solutions from $65.00 to $77.00 and gave the stock an "overweight" rating in a research note on Wednesday. UBS Group boosted their price target on UL Solutions from $58.00 to $72.00 and gave the company a "neutral" rating in a research report on Wednesday. JPMorgan Chase & Co. lifted their price objective on shares of UL Solutions from $55.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Finally, The Goldman Sachs Group boosted their price target on shares of UL Solutions from $57.00 to $63.00 and gave the stock a "neutral" rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, UL Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $67.93.

Insider Transactions at UL Solutions

In related 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 now directly owns 46,889 shares in the company, valued at approximately $3,162,194.16. This trade represents a 12.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alberto Uggetti sold 1,961 shares of UL Solutions stock in a transaction on Thursday, May 8th. The stock was 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 directly owns 9,285 shares of the company's stock, valued at approximately $649,950. This represents a 17.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,899 shares of company stock valued at $712,064. Corporate insiders own 1.20% of the company's stock.

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.