Quadrature Capital Ltd Acquires Shares of 27,638 UL Solutions Inc. (NYSE:ULS)

Quadrature Capital Ltd purchased a new stake in UL Solutions Inc. (NYSE:ULS - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 27,638 shares of the company's stock, valued at approximately $1,362,000.

A number of other large investors have also made changes to their positions in ULS. Stone House Investment Management LLC acquired a new position in UL Solutions in the third quarter valued at about $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of UL Solutions in the 2nd quarter valued at approximately $29,000. Northwest & Ethical Investments L.P. bought a new stake in UL Solutions during the 3rd quarter worth approximately $84,000. Sunbelt Securities Inc. acquired a new stake in UL Solutions during the 2nd quarter worth approximately $72,000. Finally, Daiwa Securities Group Inc. bought a new position in UL Solutions in the second quarter valued at approximately $84,000.

Insiders Place Their Bets

In other news, major shareholder Ulse Inc. sold 3,000,000 shares of the company'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 Securities & Exchange Commission, which is available through this hyperlink.

UL Solutions Trading Down 0.5 %

Shares of ULS traded down $0.29 during midday trading on Friday, reaching $53.35. The stock had a trading volume of 522,335 shares, compared to its average volume of 588,532. The firm has a 50 day simple moving average of $52.15 and a 200-day simple moving average of $48.28. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. UL Solutions Inc. has a one year low of $33.15 and a one year high of $59.23.

UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.39 by $0.10. The firm had revenue of $731.00 million for 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 quarterly revenue was up 8.1% on a year-over-year basis. On average, equities analysts expect that UL Solutions Inc. will post 1.53 earnings per share for the current fiscal year.

UL Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Friday, November 29th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, November 29th.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of UL Solutions from $56.00 to $62.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Robert W. Baird increased their target price on UL Solutions from $53.00 to $57.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. UBS Group boosted their price target on UL Solutions from $52.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. The Goldman Sachs Group increased their price objective on UL Solutions from $45.00 to $51.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Finally, Citigroup assumed coverage on UL Solutions in a research note on Monday, October 7th. They issued a "buy" rating and a $60.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, UL Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $49.00.

UL Solutions 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.