UL Solutions Inc. (NYSE:ULS) Short Interest Update

UL Solutions Inc. (NYSE:ULS - Get Free Report) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totalling 1,570,000 shares, a drop of 35.4% from the December 31st total of 2,430,000 shares. Currently, 2.6% of the company's shares are sold short. Based on an average daily trading volume, of 629,500 shares, the days-to-cover ratio is presently 2.5 days.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ULS. Citigroup initiated coverage on UL Solutions in a report on Monday, October 7th. They set a "buy" rating and a $60.00 price target on the stock. UBS Group upped their target price 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 upped their price objective on shares of UL Solutions from $45.00 to $51.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Robert W. Baird lifted 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. Finally, Wells Fargo & Company increased their price target on shares of UL Solutions from $56.00 to $62.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.00.

Insider Activity

In other UL Solutions news, insider Gitte Schjotz sold 5,941 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $52.58, for a total transaction of $312,377.78. Following the completion of the sale, the insider now owns 69,191 shares of the company's stock, valued at $3,638,062.78. This represents a 7.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Stifel Financial Corp increased its position in shares of UL Solutions by 1.6% during the third quarter. Stifel Financial Corp now owns 30,500 shares of the company's stock valued at $1,504,000 after acquiring an additional 485 shares in the last quarter. Stone House Investment Management LLC bought a new stake in shares of UL Solutions in the 3rd quarter worth $25,000. XTX Topco Ltd raised its stake in shares of UL Solutions by 15.5% in the third quarter. XTX Topco Ltd now owns 7,733 shares of the company's stock worth $381,000 after purchasing an additional 1,035 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new position in shares of UL Solutions during the third quarter valued at $84,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of UL Solutions during the second quarter valued at $72,000.

UL Solutions Stock Performance

Shares of ULS stock traded up $0.75 during trading hours on Tuesday, hitting $54.10. 543,460 shares of the company's stock traded hands, compared to its average volume of 487,774. 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 stock's fifty day simple moving average is $51.77 and its two-hundred day simple moving average is $51.10. UL Solutions has a 12-month low of $33.15 and a 12-month high of $59.23.

UL Solutions (NYSE:ULS - Get Free Report) last released 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. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. The business had revenue of $731.00 million for the quarter, compared to the consensus estimate of $709.41 million. UL Solutions's revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that UL Solutions will post 1.53 EPS for the current year.

UL Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Friday, November 29th.

UL Solutions Company 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.