Atria Investments Inc Takes Position in UL Solutions Inc. $ULS

Atria Investments Inc bought a new position in shares of UL Solutions Inc. (NYSE:ULS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 35,793 shares of the company’s stock, valued at approximately $2,536,000.

Several other institutional investors also recently bought and sold shares of ULS. Allspring Global Investments Holdings LLC acquired a new stake in shares of UL Solutions during the third quarter worth $97,803,000. Norges Bank purchased a new position in UL Solutions during the second quarter worth about $89,174,000. DekaBank Deutsche Girozentrale acquired a new stake in UL Solutions in the 2nd quarter worth about $52,396,000. Electron Capital Partners LLC purchased a new stake in UL Solutions in the 2nd quarter valued at about $45,558,000. Finally, Envestnet Asset Management Inc. grew its holdings in UL Solutions by 405.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 593,484 shares of the company’s stock valued at $42,054,000 after buying an additional 476,121 shares during the period.

UL Solutions Price Performance

ULS stock opened at $70.00 on Tuesday. The firm has a market cap of $14.06 billion, a P/E ratio of 41.91 and a beta of 1.12. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.33 and a current ratio of 1.33. UL Solutions Inc. has a 1 year low of $49.34 and a 1 year high of $91.95. The stock has a 50-day simple moving average of $76.18 and a 200-day simple moving average of $74.97.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ULS shares. The Goldman Sachs Group raised their target price on shares of UL Solutions from $69.00 to $79.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Wells Fargo & Company increased their price target on shares of UL Solutions from $77.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. UBS Group decreased their price target on shares of UL Solutions from $96.00 to $85.00 and set a “neutral” rating on the stock in a report on Tuesday, January 20th. Zacks Research downgraded UL Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of UL Solutions in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $83.57.

UL Solutions Profile

UL Solutions (NYSE: ULS) is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters’ Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.

The company’s core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.