BNP Paribas Financial Markets Acquires Shares of 75,526 UL Solutions Inc. (NYSE:ULS)

BNP Paribas Financial Markets bought a new stake in UL Solutions Inc. (NYSE:ULS - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 75,526 shares of the company's stock, valued at approximately $3,723,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ULS. Bellecapital International Ltd. purchased a new position in shares of UL Solutions during the second quarter worth $208,000. Raymond James & Associates acquired a new position in UL Solutions in the 2nd quarter valued at about $9,089,000. Hall Laurie J Trustee acquired a new stake in shares of UL Solutions during the second quarter worth about $2,066,000. TFC Financial Management Inc. acquired a new stake in shares of UL Solutions during the second quarter worth about $88,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of UL Solutions in the second quarter valued at approximately $586,000.

Analyst Upgrades and Downgrades

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

UL Solutions Trading Down 1.1 %

Shares of UL Solutions stock traded down $0.57 during trading hours on Thursday, hitting $53.56. The company had a trading volume of 747,213 shares, compared to its average volume of 735,590. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. The company's 50-day moving average is $52.07 and its two-hundred day moving average is $48.12. UL Solutions Inc. has a twelve month low of $33.15 and a twelve month high of $59.23.

UL Solutions (NYSE:ULS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.39 by $0.10. The firm had revenue of $731.00 million during the quarter, compared to analysts' expectations of $709.41 million. UL Solutions had a net margin of 10.76% and a return on equity of 40.88%. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. Sell-side analysts anticipate that UL Solutions Inc. will post 1.53 EPS for the current year.

UL Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Friday, November 29th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, November 29th. This represents a $0.50 dividend on an annualized basis and a yield of 0.93%.

Insiders Place Their Bets

In other news, major shareholder Ulse Inc. sold 3,000,000 shares of the company's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $49.00, for a total value of $147,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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.