UL Solutions Inc. (NYSE:ULS) Holdings Decreased by Jump Financial LLC

Jump Financial LLC reduced its stake in UL Solutions Inc. (NYSE:ULS - Free Report) by 26.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,303 shares of the company's stock after selling 29,897 shares during the period. Jump Financial LLC's holdings in UL Solutions were worth $4,205,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Northwest & Ethical Investments L.P. boosted its position in shares of UL Solutions by 23.5% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock worth $105,000 after buying an additional 400 shares during the period. Stifel Financial Corp lifted its position in shares of UL Solutions by 1.6% during the third quarter. Stifel Financial Corp now owns 30,500 shares of the company's stock worth $1,504,000 after purchasing an additional 485 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of UL Solutions by 653.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock valued at $33,000 after purchasing an additional 582 shares during the period. Lisanti Capital Growth LLC grew its holdings in shares of UL Solutions by 0.7% in the fourth quarter. Lisanti Capital Growth LLC now owns 93,620 shares of the company's stock valued at $4,670,000 after purchasing an additional 690 shares in the last quarter. Finally, Mendel Money Management lifted its holdings in UL Solutions by 6.8% during the 4th quarter. Mendel Money Management now owns 48,162 shares of the company's stock worth $2,402,000 after buying an additional 3,047 shares in the last quarter.

UL Solutions Stock Up 2.4 %

Shares of NYSE:ULS traded up $1.29 during midday trading on Tuesday, hitting $54.38. 146,838 shares of the company's stock traded hands, compared to its average volume of 700,513. UL Solutions Inc. has a twelve month low of $33.50 and a twelve month high of $59.23. The company has a market cap of $10.88 billion and a PE ratio of 33.63. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. The firm's fifty day moving average price is $54.25 and its two-hundred day moving average price is $52.86.

UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.38 by $0.11. The firm had revenue of $739.00 million for the quarter, compared to analyst estimates of $726.54 million. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. On average, equities research analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were paid 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 was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.96%. UL Solutions's payout ratio is 32.10%.

Insider Activity at UL Solutions

In related news, EVP Alberto Uggetti sold 1,938 shares of UL Solutions stock in a transaction on Friday, March 7th. The shares were sold at an average price of $53.00, for a total value of $102,714.00. Following the completion of the sale, the executive vice president now owns 9,285 shares in the company, valued at approximately $492,105. The trade was a 17.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

UL Solutions 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.