Entropy Technologies LP Takes Position in UL Solutions Inc. (NYSE:ULS)

Entropy Technologies LP purchased a new position in shares of UL Solutions Inc. (NYSE:ULS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 24,091 shares of the company's stock, valued at approximately $1,202,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in UL Solutions by 29.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company's stock worth $222,658,000 after purchasing an additional 1,022,851 shares during the period. Soros Fund Management LLC increased its holdings in UL Solutions by 127.4% during the 3rd quarter. Soros Fund Management LLC now owns 1,137,077 shares of the company's stock worth $56,058,000 after purchasing an additional 637,077 shares during the period. Port Capital LLC purchased a new position in UL Solutions during the 3rd quarter worth $25,675,000. Zimmer Partners LP increased its holdings in UL Solutions by 136.7% during the 3rd quarter. Zimmer Partners LP now owns 710,000 shares of the company's stock worth $35,003,000 after purchasing an additional 410,000 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in UL Solutions by 133.3% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 700,000 shares of the company's stock worth $34,510,000 after purchasing an additional 400,000 shares during the period.

Insider Transactions at UL Solutions

In other UL Solutions news, insider Gitte Schjotz sold 5,941 shares of UL Solutions stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $52.58, for a total transaction of $312,377.78. Following the completion of the sale, the insider now owns 69,191 shares of the company's stock, valued at approximately $3,638,062.78. The trade was a 7.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

UL Solutions Stock Performance

Shares of UL Solutions stock traded down $0.65 during trading on Friday, reaching $56.71. The company's stock had a trading volume of 560,665 shares, compared to its average volume of 471,119. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. UL Solutions Inc. has a 1-year low of $33.15 and a 1-year high of $59.23. The company has a 50-day simple moving average of $51.96 and a two-hundred day simple moving average of $51.66.

UL Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 28th will be given a $0.13 dividend. This is a boost from UL Solutions's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.92%.

Analysts Set New Price Targets

Several research analysts have commented on ULS shares. Wells Fargo & Company raised 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 raised their price objective on UL Solutions from $52.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. The Goldman Sachs Group lifted their price target on UL Solutions from $45.00 to $51.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Finally, Robert W. Baird lifted their price target on UL Solutions from $53.00 to $57.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $49.00.

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.