UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Makes New Investment in UL Solutions Inc. (NYSE:ULS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of UL Solutions Inc. (NYSE:ULS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 42,307 shares of the company’s stock, valued at approximately $2,086,000.

Several other large investors have also recently bought and sold shares of ULS. FMR LLC raised its position in shares of UL Solutions by 6.9% during the 3rd quarter. FMR LLC now owns 3,565,238 shares of the company’s stock valued at $175,766,000 after acquiring an additional 230,886 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of UL Solutions in the 2nd quarter valued at $96,262,000. American Century Companies Inc. bought a new stake in shares of UL Solutions in the 2nd quarter valued at $68,832,000. AltraVue Capital LLC bought a new stake in shares of UL Solutions in the 2nd quarter valued at $35,050,000. Finally, DekaBank Deutsche Girozentrale increased its position in shares of UL Solutions by 19.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 756,505 shares of the company’s stock valued at $36,805,000 after buying an additional 122,975 shares in the last quarter.

UL Solutions Trading Down 0.9 %

Shares of UL Solutions stock opened at $50.84 on Monday. UL Solutions Inc. has a fifty-two week low of $33.15 and a fifty-two week 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 company’s 50 day moving average price is $52.34 and its two-hundred day moving average price is $48.71.

UL Solutions (NYSE:ULS) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. The company had revenue of $731.00 million for the quarter, compared to analyst estimates of $709.41 million. UL Solutions had a net margin of 10.76% and a return on equity of 40.88%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts anticipate that UL Solutions Inc. will post 1.53 earnings per share for the current year.

UL Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were issued a $0.125 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.50 annualized dividend and a yield of 0.98%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ULS shares. Wells Fargo & Company increased their target price on UL Solutions from $56.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. The Goldman Sachs Group increased their price objective on shares of UL Solutions from $45.00 to $51.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Citigroup assumed coverage on shares of UL Solutions in a research note on Monday, October 7th. They set a “buy” rating and a $60.00 price objective for the company. UBS Group increased their price objective on shares of UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, Robert W. Baird raised their target price on shares of UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $49.00.

Insider Activity at UL Solutions

In other UL Solutions news, insider Gitte Schjotz sold 5,941 shares of UL Solutions stock in a transaction on Monday, December 9th. The shares were sold at an average price of $52.58, for a total value of $312,377.78. Following the completion of the sale, the insider now directly owns 69,191 shares of the company’s stock, valued at approximately $3,638,062.78. The trade was a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Ulse Inc. sold 3,000,000 shares of UL Solutions stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $49.00, for a total transaction of $147,000,000.00. The disclosure for this sale can be found here.

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.