Lisanti Capital Growth LLC Sells 20,685 Shares of UL Solutions Inc. (NYSE:ULS)

Lisanti Capital Growth LLC lessened its stake in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 18.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,930 shares of the company's stock after selling 20,685 shares during the quarter. Lisanti Capital Growth LLC's holdings in UL Solutions were worth $4,581,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bellecapital International Ltd. purchased a new stake in shares of UL Solutions in the 2nd quarter valued at approximately $208,000. Raymond James & Associates purchased a new position in shares of UL Solutions during the second quarter valued at $9,089,000. Hall Laurie J Trustee acquired a new position in UL Solutions during the second quarter valued at $2,066,000. TFC Financial Management Inc. purchased a new stake in UL Solutions in the 2nd quarter worth about $88,000. Finally, Bank of New York Mellon Corp purchased a new stake in UL Solutions in the 2nd quarter worth about $586,000.

Insider Activity at UL Solutions

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 shares were sold at an average price of $49.00, for a total value of $147,000,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

UL Solutions Trading Up 0.5 %

Shares of NYSE ULS traded up $0.26 during trading on Monday, reaching $51.62. The company had a trading volume of 601,240 shares, compared to its average volume of 749,574. UL Solutions Inc. has a 52 week low of $33.15 and a 52 week high of $59.23. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.85. The business's 50 day moving average price is $50.99 and its 200-day moving average price is $46.04.

UL Solutions (NYSE:ULS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.10. The business had revenue of $731.00 million during the quarter, compared to the consensus estimate of $709.41 million. UL Solutions had a net margin of 10.76% and a return on equity of 40.88%. The firm's revenue for the quarter was up 8.1% on a year-over-year basis. As a group, research analysts forecast that UL Solutions Inc. will post 1.48 EPS for the current year.

UL Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 30th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Friday, August 30th.

Analysts Set New Price Targets

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