Two Sigma Advisers LP Sells 102,500 Shares of UL Solutions Inc. (NYSE:ULS)

Two Sigma Advisers LP decreased its position in UL Solutions Inc. (NYSE:ULS - Free Report) by 18.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 463,300 shares of the company's stock after selling 102,500 shares during the period. Two Sigma Advisers LP owned about 0.23% of UL Solutions worth $22,841,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ULS. Stone House Investment Management LLC acquired a new position in UL Solutions in the 3rd quarter valued at approximately $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of UL Solutions in the 2nd quarter worth approximately $29,000. Sunbelt Securities Inc. acquired a new position in shares of UL Solutions in the 2nd quarter worth approximately $72,000. Daiwa Securities Group Inc. acquired a new position in shares of UL Solutions in the 2nd quarter worth approximately $84,000. Finally, Northwest & Ethical Investments L.P. acquired a new position in shares of UL Solutions in the 3rd quarter worth approximately $84,000.

UL Solutions Stock Performance

Shares of NYSE ULS traded down $0.29 during midday trading on Friday, hitting $53.35. The stock had a trading volume of 522,335 shares, compared to its average volume of 571,956. The company's 50-day simple moving average is $52.15 and its 200 day simple moving average is $48.28. UL Solutions Inc. has a fifty-two week low of $33.15 and a fifty-two week high of $59.23. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85.

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, beating the consensus estimate of $0.39 by $0.10. The company had revenue of $731.00 million during the quarter, compared to analysts' expectations of $709.41 million. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. Equities analysts anticipate that UL Solutions Inc. will post 1.53 earnings per share for the current year.

UL Solutions Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ULS shares. Citigroup started coverage on UL Solutions in a report on Monday, October 7th. They issued a "buy" rating and a $60.00 target price for the company. The Goldman Sachs Group increased their target price on UL Solutions from $45.00 to $51.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Wells Fargo & Company raised their price target on UL Solutions from $56.00 to $62.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Robert W. Baird raised their price target on UL Solutions from $53.00 to $57.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Finally, UBS Group raised 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. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, UL Solutions has an average rating of "Moderate Buy" and a consensus target price of $49.00.

Insider Buying and Selling

In related news, major shareholder Ulse Inc. sold 3,000,000 shares of UL Solutions 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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.