Sculptor Capital LP Makes New Investment in UL Solutions Inc. (NYSE:ULS)

Sculptor Capital LP acquired a new stake in shares of UL Solutions Inc. (NYSE:ULS - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 37,000 shares of the company's stock, valued at approximately $1,561,000.

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

UL Solutions Price Performance

Shares of NYSE ULS opened at $49.43 on Friday. The stock's 50 day moving average is $50.10. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.00. UL Solutions Inc. has a 1-year low of $33.15 and a 1-year high of $56.28.

UL Solutions (NYSE:ULS - Get Free Report) last released its earnings results on Wednesday, July 31st. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.06. The business had revenue of $730.00 million for the quarter, compared to the consensus estimate of $718.73 million. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. On average, research analysts predict that UL Solutions Inc. will post 1.46 EPS for the current year.

UL Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 30th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, August 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.01%.

Analyst Upgrades and Downgrades

ULS has been the topic of several research reports. The Goldman Sachs Group lifted their target price on UL Solutions from $40.00 to $45.00 and gave the stock a "neutral" rating in a report on Thursday, August 1st. Wells Fargo & Company lifted their target price on UL Solutions from $43.00 to $56.00 and gave the stock an "overweight" rating in a report on Thursday, August 1st. Baird R W cut UL Solutions from a "strong-buy" rating to a "hold" rating in a report on Friday, July 12th. Finally, Robert W. Baird lifted their target price on UL Solutions from $46.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, August 1st. Four equities research 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 company currently has an average rating of "Moderate Buy" and an average price target of $43.90.

Insider Activity

In other 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 stock was sold at an average price of $49.00, for a total transaction of $147,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through 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.

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