UL Solutions Inc. (NYSE:ULS) Stake Reduced by Barclays PLC

Barclays PLC decreased its holdings in shares of UL Solutions Inc. (NYSE:ULS) by 75.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,085 shares of the company’s stock after selling 75,915 shares during the period. Barclays PLC’s holdings in UL Solutions were worth $1,188,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new position in shares of UL Solutions in the 2nd quarter worth $586,000. Lisanti Capital Growth LLC acquired a new stake in UL Solutions during the 2nd quarter worth about $4,793,000. Markel Group Inc. purchased a new stake in UL Solutions during the second quarter valued at about $1,519,000. TD Asset Management Inc purchased a new stake in UL Solutions during the second quarter valued at about $5,500,000. Finally, Victory Capital Management Inc. acquired a new position in shares of UL Solutions in the second quarter worth about $208,000.

Analysts Set New Price Targets

Several equities research analysts recently commented on ULS shares. Robert W. Baird upped their price target on shares of UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. UBS Group increased 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. Wells Fargo & Company lifted 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. Citigroup assumed coverage on UL Solutions in a research report on Monday, October 7th. They set a “buy” rating and a $60.00 price target on the stock. Finally, The Goldman Sachs Group raised their price objective on UL Solutions from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

UL Solutions Price Performance

UL Solutions stock opened at $50.41 on Monday. UL Solutions Inc. has a one year low of $33.15 and a one year high of $59.23. The company’s fifty day moving average price is $51.99 and its two-hundred day moving average price is $49.51. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $709.41 million. The company’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, analysts anticipate that UL Solutions Inc. will post 1.53 earnings per share for the current year.

UL Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date was Friday, November 29th.

Insider Transactions at UL Solutions

In related news, insider Gitte Schjotz sold 5,941 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $52.58, for a total transaction of $312,377.78. Following the completion of the transaction, the insider now owns 69,191 shares of the company’s stock, valued at approximately $3,638,062.78. The trade was a 7.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.