DekaBank Deutsche Girozentrale raised its stake in UL Solutions Inc. (NYSE:ULS - Free Report) by 19.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 756,505 shares of the company's stock after purchasing an additional 122,975 shares during the period. DekaBank Deutsche Girozentrale owned 0.38% of UL Solutions worth $36,805,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in ULS. Massachusetts Financial Services Co. MA acquired a new position in UL Solutions during the 2nd quarter worth approximately $96,262,000. American Century Companies Inc. acquired a new position in shares of UL Solutions during the second quarter worth approximately $68,832,000. AltraVue Capital LLC bought a new position in shares of UL Solutions in the 2nd quarter worth $35,050,000. Conestoga Capital Advisors LLC bought a new position in shares of UL Solutions in the second quarter valued at $29,229,000. Finally, Ghisallo Capital Management LLC acquired a new position in UL Solutions during the 2nd quarter valued at about $20,040,000.
UL Solutions Stock Performance
Shares of ULS traded up $0.02 during mid-day trading on Tuesday, hitting $52.61. The stock had a trading volume of 528,548 shares, compared to its average volume of 742,600. 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 52 week low of $33.15 and a 52 week high of $56.28. The business has a fifty day moving average price of $51.48 and a 200-day moving average price of $45.01.
UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.38 by $0.06. The business had revenue of $730.00 million for the quarter, compared to analysts' expectations of $718.73 million. The firm's revenue was up 6.0% compared to the same quarter last year. As a group, analysts anticipate that UL Solutions Inc. will post 1.48 earnings per share for the current fiscal year.
UL Solutions Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 30th were paid a $0.125 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.50 dividend on an annualized basis and a yield of 0.95%.
Insider Buying and Selling at UL Solutions
In other UL Solutions news, major shareholder Ulse Inc. sold 3,000,000 shares of the firm's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $49.00, for a total value of $147,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Analysts Set New Price Targets
ULS has been the subject of several recent research reports. Citigroup assumed coverage on UL Solutions in a report on Monday, October 7th. They set a "buy" rating and a $60.00 price target for the company. Wells Fargo & Company boosted their price target on shares of UL Solutions from $43.00 to $56.00 and gave the stock an "overweight" rating in a report on Thursday, August 1st. The Goldman Sachs Group increased their price objective on shares of UL Solutions from $40.00 to $45.00 and gave the company a "neutral" rating in a research note on Thursday, August 1st. Robert W. Baird boosted their target price on UL Solutions from $46.00 to $53.00 and gave the stock a "neutral" rating in a research note on Thursday, August 1st. Finally, Baird R W lowered UL Solutions from a "strong-buy" rating to a "hold" rating in a 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's stock. Based on data from MarketBeat, UL Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $45.80.
Read Our Latest Stock Analysis on ULS
About UL Solutions
(
Free Report)
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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