Healthcare of Ontario Pension Plan Trust Fund Boosts Holdings in UL Solutions Inc. (NYSE:ULS)

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 133.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 700,000 shares of the company's stock after buying an additional 400,000 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned 0.35% of UL Solutions worth $34,510,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets purchased a new position in UL Solutions during the 3rd quarter valued at about $3,723,000. Quantbot Technologies LP purchased a new position in shares of UL Solutions in the third quarter worth $1,733,000. FMR LLC grew its holdings in shares of UL Solutions by 6.9% during the third quarter. FMR LLC now owns 3,565,238 shares of the company's stock valued at $175,766,000 after buying an additional 230,886 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of UL Solutions in the 3rd quarter valued at $278,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of UL Solutions by 52.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,707 shares of the company's stock valued at $16,895,000 after acquiring an additional 117,794 shares during the period.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ULS. Robert W. Baird upped their target price on UL Solutions from $53.00 to $57.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. The Goldman Sachs Group raised their target price on shares of UL Solutions from $45.00 to $51.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Wells Fargo & Company increased their price target on UL Solutions from $56.00 to $62.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Citigroup assumed coverage on UL Solutions in a report on Monday, October 7th. They issued a "buy" rating and a $60.00 price objective for the company. Finally, UBS Group raised their price target on shares of UL Solutions from $52.00 to $54.00 and gave the company a "neutral" rating in a research 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 target price of $49.00.

UL Solutions Price Performance

ULS traded down $0.73 on Thursday, hitting $53.65. 374,203 shares of the company were exchanged, compared to its average volume of 744,937. The firm has a 50-day moving average price of $51.57 and a two-hundred day moving average price of $47.50. 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 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 data on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.10. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. The business had revenue of $731.00 million during the quarter, compared to the consensus estimate of $709.41 million. The firm's quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts expect that UL Solutions Inc. will post 1.53 EPS for the current year.

UL Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Friday, November 29th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.50 annualized dividend and a dividend yield of 0.93%.

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.