Janus Henderson Group PLC Has $113.77 Million Stock Holdings in UL Solutions Inc. (NYSE:ULS)

Janus Henderson Group PLC cut its holdings in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,307,651 shares of the company's stock after selling 20,559 shares during the period. Janus Henderson Group PLC owned approximately 1.15% of UL Solutions worth $113,767,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in UL Solutions in the second quarter worth approximately $3,536,000. Victory Capital Management Inc. lifted its position in UL Solutions by 377.1% in the third quarter. Victory Capital Management Inc. now owns 23,540 shares of the company's stock worth $1,161,000 after purchasing an additional 18,606 shares during the period. AEGON ASSET MANAGEMENT UK Plc acquired a new stake in UL Solutions in the third quarter worth approximately $9,615,000. Federated Hermes Inc. acquired a new stake in shares of UL Solutions during the 2nd quarter valued at $13,636,000. Finally, Discovery Capital Management LLC CT acquired a new stake in shares of UL Solutions during the 2nd quarter valued at $1,055,000.

UL Solutions Price Performance

NYSE:ULS traded down $0.57 during trading hours on Thursday, reaching $53.56. The company's stock had a trading volume of 747,213 shares, compared to its average volume of 735,590. UL Solutions Inc. has a one year low of $33.15 and a one year high of $59.23. The business's 50-day moving average is $51.99 and its 200-day moving average is $48.08. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85.

UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.10. UL Solutions had a net margin of 10.76% and a return on equity of 40.88%. The company had revenue of $731.00 million during the quarter, compared to analysts' expectations of $709.41 million. The firm's revenue for the quarter was up 8.1% compared to the same quarter last year. Research analysts anticipate that UL Solutions Inc. will post 1.53 EPS for the current year.

UL Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Friday, November 29th will be issued 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 is Friday, November 29th.

Insider Buying and Selling at UL Solutions

In related news, major shareholder Ulse Inc. sold 3,000,000 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $49.00, for a total value of $147,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analyst Weigh In

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

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.