Seven Grand Managers LLC Has $12.33 Million Holdings in UL Solutions Inc. (NYSE:ULS)

Seven Grand Managers LLC grew its holdings in UL Solutions Inc. (NYSE:ULS - Free Report) by 150.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 250,000 shares of the company's stock after buying an additional 150,000 shares during the period. UL Solutions accounts for about 2.8% of Seven Grand Managers LLC's portfolio, making the stock its 10th biggest holding. Seven Grand Managers LLC owned approximately 0.12% of UL Solutions worth $12,325,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA bought a new stake in shares of UL Solutions during the 2nd quarter worth about $96,262,000. American Century Companies Inc. acquired a new position in shares of UL Solutions in the second quarter valued at approximately $68,832,000. AltraVue Capital LLC bought a new position in shares of UL Solutions during the second quarter worth approximately $35,050,000. Conestoga Capital Advisors LLC acquired a new stake in UL Solutions during the 2nd quarter worth approximately $29,229,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in UL Solutions in the 2nd quarter valued at $25,667,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ULS shares. Wells Fargo & Company increased their price objective on UL Solutions from $43.00 to $56.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. Robert W. Baird raised their price target on shares of UL Solutions from $46.00 to $53.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. Citigroup initiated coverage on shares of UL Solutions in a report on Monday, October 7th. They issued a "buy" rating and a $60.00 price objective for the company. The Goldman Sachs Group increased their target price on shares of UL Solutions from $40.00 to $45.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. Finally, Baird R W downgraded shares of UL Solutions from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 12th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $45.80.

Insider Activity at UL Solutions

In related news, major shareholder Ulse Inc. sold 3,000,000 shares of the firm's stock in a transaction 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 filing with the SEC, which is accessible through the SEC website.

UL Solutions Trading Down 0.9 %

Shares of ULS traded down $0.51 during midday trading on Thursday, hitting $53.78. The company's stock had a trading volume of 381,097 shares, compared to its average volume of 766,229. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.29 and a current ratio of 1.29. UL Solutions Inc. has a one year low of $33.15 and a one year high of $56.28. The company's fifty day moving average price is $51.26.

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

UL Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 30th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Friday, August 30th.

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.