Maven Securities LTD Invests $4.93 Million in UL Solutions Inc. (NYSE:ULS)

Maven Securities LTD bought a new position in shares of UL Solutions Inc. (NYSE:ULS - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 100,000 shares of the company's stock, valued at approximately $4,930,000.

Other hedge funds have also made changes to their positions in the company. Stone House Investment Management LLC acquired a new stake in shares of UL Solutions during the 3rd quarter valued at approximately $25,000. EverSource Wealth Advisors LLC purchased a new stake in UL Solutions in the 2nd quarter worth approximately $29,000. Sunbelt Securities Inc. purchased a new stake in shares of UL Solutions during the 2nd quarter valued at $72,000. Daiwa Securities Group Inc. purchased a new stake in shares of UL Solutions during the 2nd quarter valued at $84,000. Finally, Northwest & Ethical Investments L.P. purchased a new stake in shares of UL Solutions during the 3rd quarter valued at $84,000.

Analyst Ratings Changes

Several equities analysts recently weighed in on ULS shares. Citigroup began coverage on shares of UL Solutions in a report on Monday, October 7th. They set a "buy" rating and a $60.00 target price on the stock. Wells Fargo & Company upped their target price on shares of UL Solutions from $56.00 to $62.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Robert W. Baird upped 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. The Goldman Sachs Group upped their target price on shares of UL Solutions from $45.00 to $51.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Finally, UBS Group upped their target price on shares of UL Solutions from $52.00 to $54.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, UL Solutions has an average rating of "Moderate Buy" and an average target price of $49.00.

UL Solutions Price Performance

NYSE ULS traded up $1.09 on Wednesday, hitting $54.13. The stock had a trading volume of 445,641 shares, compared to its average volume of 735,519. UL Solutions Inc. has a one year low of $33.15 and a one year high of $59.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. The company's 50-day moving average is $51.89 and its two-hundred day moving average is $48.04.

UL Solutions (NYSE:ULS - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.39 by $0.10. The firm had revenue of $731.00 million during the quarter, compared to analysts' expectations of $709.41 million. UL Solutions had a net margin of 10.76% and a return on equity of 40.88%. The business's revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts predict that UL Solutions Inc. will post 1.53 earnings per share for the current fiscal year.

UL Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Friday, November 29th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.92%. The ex-dividend date is Friday, November 29th.

Insider Activity at UL Solutions

In other UL Solutions news, major shareholder Ulse Inc. sold 3,000,000 shares of the company's stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is available at this link.

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.