ExodusPoint Capital Management LP Buys 6,107 Shares of UL Solutions Inc. (NYSE:ULS)

ExodusPoint Capital Management LP increased its stake in UL Solutions Inc. (NYSE:ULS - Free Report) by 39.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,553 shares of the company's stock after buying an additional 6,107 shares during the quarter. ExodusPoint Capital Management LP's holdings in UL Solutions were worth $1,075,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in ULS. Vanguard Group Inc. increased its position in UL Solutions by 7.8% during the fourth quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company's stock worth $278,016,000 after acquiring an additional 401,492 shares during the period. JPMorgan Chase & Co. raised its stake in UL Solutions by 29.3% in the third quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company's stock valued at $222,658,000 after purchasing an additional 1,022,851 shares in the last quarter. Norges Bank bought a new stake in UL Solutions during the fourth quarter worth about $173,869,000. Blair William & Co. IL grew its stake in UL Solutions by 7.0% during the fourth quarter. Blair William & Co. IL now owns 774,059 shares of the company's stock worth $38,610,000 after buying an additional 50,875 shares in the last quarter. Finally, Wellington Management Group LLP bought a new position in UL Solutions in the 4th quarter valued at about $32,091,000.

Insider Buying and Selling at UL Solutions

In other news, EVP Alberto Uggetti sold 1,938 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $53.00, for a total transaction of $102,714.00. Following the completion of the sale, the executive vice president now directly owns 9,285 shares in the company, valued at $492,105. This represents a 17.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Remove Ads

UL Solutions Trading Down 1.7 %

NYSE:ULS traded down $0.97 during mid-day trading on Wednesday, hitting $56.75. 142,778 shares of the company's stock were exchanged, compared to its average volume of 712,883. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. UL Solutions Inc. has a fifty-two week low of $33.50 and a fifty-two week high of $59.23. The company has a 50 day simple moving average of $54.25 and a 200-day simple moving average of $52.69. The firm has a market capitalization of $11.36 billion and a P/E ratio of 35.03.

UL Solutions (NYSE:ULS - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.11. The business had revenue of $739.00 million during the quarter, compared to the consensus estimate of $726.54 million. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. As a group, research analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were issued a $0.13 dividend. The ex-dividend date was Friday, February 28th. This is a boost from UL Solutions's previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a yield of 0.92%. UL Solutions's dividend payout ratio is presently 32.10%.

Analyst Ratings Changes

A number of research analysts recently issued reports on ULS shares. Citigroup lifted their price objective on shares of UL Solutions from $60.00 to $60.50 and gave the company a "buy" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group upped their price objective on UL Solutions from $51.00 to $57.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. raised their price objective on UL Solutions from $55.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, UL Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $51.45.

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.