Voleon Capital Management LP Makes New $1.43 Million Investment in UL Solutions Inc. (NYSE:ULS)

Voleon Capital Management LP purchased a new stake in UL Solutions Inc. (NYSE:ULS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 28,733 shares of the company's stock, valued at approximately $1,433,000.

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

Wall Street Analyst Weigh In

ULS has been the subject of several research reports. The Goldman Sachs Group raised their price objective on shares of UL Solutions from $51.00 to $57.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. Citigroup raised their price target on shares of UL Solutions from $60.00 to $60.50 and gave the company a "buy" rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.45.

Insider Activity at UL Solutions

In other news, EVP Alberto Uggetti sold 1,938 shares of UL Solutions stock in a transaction on Friday, March 7th. The shares were sold at an average price of $53.00, for a total transaction of $102,714.00. Following the transaction, the executive vice president now directly owns 9,285 shares of the company's stock, valued at $492,105. This trade represents a 17.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.20% of the company's stock.

UL Solutions Trading Up 2.2 %

Shares of ULS stock traded up $1.28 during trading hours on Friday, reaching $59.67. The company had a trading volume of 901,760 shares, compared to its average volume of 733,625. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. UL Solutions Inc. has a 1-year low of $34.90 and a 1-year high of $59.90. The company has a 50 day moving average of $54.65 and a 200 day moving average of $53.19. The firm has a market cap of $11.94 billion and a price-to-earnings ratio of 36.83.

UL Solutions (NYSE:ULS - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.11. The firm had revenue of $739.00 million for the quarter, compared to analysts' expectations of $726.54 million. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. On average, equities research analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current year.

UL Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 0.87%. This is a boost from UL Solutions's previous quarterly dividend of $0.13. UL Solutions's payout ratio is currently 32.10%.

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.