Thrivent Financial for Lutherans Sells 9,879 Shares of UL Solutions Inc. $ULS

Thrivent Financial for Lutherans decreased its position in UL Solutions Inc. (NYSE:ULS) by 72.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,703 shares of the company’s stock after selling 9,879 shares during the period. Thrivent Financial for Lutherans’ holdings in UL Solutions were worth $262,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ULS. TD Private Client Wealth LLC purchased a new position in shares of UL Solutions in the third quarter worth about $1,681,000. Allspring Global Investments Holdings LLC purchased a new position in UL Solutions in the 3rd quarter valued at approximately $97,803,000. Rakuten Investment Management Inc. bought a new stake in UL Solutions during the 3rd quarter valued at $1,436,000. Voya Investment Management LLC purchased a new stake in shares of UL Solutions during the third quarter worth $24,627,000. Finally, Elo Mutual Pension Insurance Co lifted its position in shares of UL Solutions by 26.4% during the second quarter. Elo Mutual Pension Insurance Co now owns 13,823 shares of the company’s stock worth $1,007,000 after acquiring an additional 2,884 shares in the last quarter.

UL Solutions Stock Performance

NYSE:ULS opened at $71.50 on Thursday. The stock has a market cap of $14.36 billion, a P/E ratio of 42.81 and a beta of 1.11. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.45. The business’s 50-day moving average price is $75.93 and its two-hundred day moving average price is $74.93. UL Solutions Inc. has a twelve month low of $49.34 and a twelve month high of $91.95.

Analyst Upgrades and Downgrades

ULS has been the subject of several recent research reports. UBS Group reduced their price target on UL Solutions from $96.00 to $85.00 and set a “neutral” rating for the company in a research report on Tuesday, January 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $84.00 target price (up previously from $70.00) on shares of UL Solutions in a report on Wednesday, November 5th. The Goldman Sachs Group upped their price target on UL Solutions from $69.00 to $79.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Robert W. Baird set a $97.00 price objective on shares of UL Solutions and gave the company an “outperform” rating in a research report on Wednesday, December 17th. Finally, Zacks Research cut shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, UL Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $83.88.

About UL Solutions

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.