25,632 Shares in UL Solutions Inc. (NYSE:ULS) Bought by Concentric Capital Strategies LP

Concentric Capital Strategies LP acquired a new stake in UL Solutions Inc. (NYSE:ULS - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,632 shares of the company's stock, valued at approximately $1,264,000.

Other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA purchased a new stake in UL Solutions in the 2nd quarter valued at approximately $96,262,000. American Century Companies Inc. acquired a new stake in shares of UL Solutions during the 2nd quarter worth $68,832,000. AltraVue Capital LLC acquired a new stake in shares of UL Solutions during the 2nd quarter worth $35,050,000. Conestoga Capital Advisors LLC acquired a new stake in shares of UL Solutions during the 2nd quarter worth $29,229,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in shares of UL Solutions during the 2nd quarter worth $25,667,000.

Analysts Set New Price Targets

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

UL Solutions Stock Performance

Shares of NYSE ULS traded down $0.02 during mid-day trading on Tuesday, reaching $52.80. 90,244 shares of the company traded hands, compared to its average volume of 735,010. 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 current ratio of 1.31 and a quick ratio of 1.31. The stock 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 posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.10. The business 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 company's quarterly revenue was up 8.1% compared to the same quarter last year. Analysts anticipate that UL Solutions Inc. will post 1.53 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The firm also recently announced 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 0.95%. The ex-dividend date is Friday, November 29th.

Insider Buying and Selling

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

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.