Centiva Capital LP Invests $2.86 Million in UL Solutions Inc. (NYSE:ULS)

Centiva Capital LP acquired a new position in UL Solutions Inc. (NYSE:ULS - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 58,034 shares of the company's stock, valued at approximately $2,861,000.

Several other large investors also recently made changes to their positions in ULS. Stone House Investment Management LLC bought a new position in UL Solutions in the 3rd quarter worth approximately $25,000. EverSource Wealth Advisors LLC acquired a new stake in shares of UL Solutions in the 2nd quarter valued at $29,000. Northwest & Ethical Investments L.P. bought a new stake in shares of UL Solutions during the third quarter worth $84,000. Sunbelt Securities Inc. acquired a new position in shares of UL Solutions during the second quarter valued at $72,000. Finally, Daiwa Securities Group Inc. bought a new position in UL Solutions in the second quarter valued at about $84,000.

UL Solutions Price Performance

Shares of NYSE ULS traded up $0.18 during mid-day trading on Tuesday, reaching $53.00. 324,423 shares of the company's stock were exchanged, compared to its average volume of 735,441. UL Solutions Inc. has a twelve month low of $33.15 and a twelve month high of $59.23. 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 business has a fifty day simple moving average of $51.82 and a 200 day simple moving average of $47.92.

UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.10. The firm had revenue of $731.00 million for the quarter, compared to the consensus estimate of $709.41 million. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. The business's quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts expect that UL Solutions Inc. will post 1.53 EPS for the current fiscal year.

UL Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Friday, November 29th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Friday, November 29th.

Analyst Ratings Changes

ULS has been the subject of several recent research reports. Robert W. Baird boosted their price objective on UL Solutions from $53.00 to $57.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. UBS Group boosted their price target 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. The Goldman Sachs Group raised their price objective on shares of UL Solutions from $45.00 to $51.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Wells Fargo & Company upped their target price on shares of UL Solutions from $56.00 to $62.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Finally, Citigroup began coverage on UL Solutions in a research note on Monday, October 7th. They set a "buy" rating and a $60.00 price objective for the company. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $49.00.

Insiders Place Their Bets

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

About UL Solutions

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.