100,000 Shares in UL Solutions Inc. (NYSE:ULS) Acquired by Maven Securities LTD

Maven Securities LTD acquired a new stake in shares of UL Solutions Inc. (NYSE:ULS) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 100,000 shares of the company’s stock, valued at approximately $4,930,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ULS. Massachusetts Financial Services Co. MA purchased a new stake in UL Solutions in the 2nd quarter worth $96,262,000. American Century Companies Inc. bought a new stake in UL Solutions in the 2nd quarter worth approximately $68,832,000. AltraVue Capital LLC purchased a new stake in shares of UL Solutions during the 2nd quarter worth approximately $35,050,000. Conestoga Capital Advisors LLC bought a new position in shares of UL Solutions during the 2nd quarter valued at approximately $29,229,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in shares of UL Solutions in the second quarter valued at $25,667,000.

Analysts Set New Price Targets

Several research firms have commented on ULS. UBS Group increased their price objective on shares of UL Solutions from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Robert W. Baird lifted their price target on UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group lifted 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 increased 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. Finally, Citigroup began coverage on shares of UL Solutions in a research report on Monday, October 7th. They set a “buy” rating and a $60.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.00.

UL Solutions Trading Up 0.3 %

NYSE:ULS opened at $52.99 on Wednesday. The firm has a 50-day simple moving average of $51.89 and a 200-day simple moving average of $48.04. UL Solutions Inc. has a one year low of $33.15 and a one year high of $59.23. 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 (NYSE:ULS) last posted its earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, topping 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 company had revenue of $731.00 million during the quarter, compared to analyst estimates of $709.41 million. The business’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities research analysts forecast that UL Solutions Inc. will post 1.53 earnings per share for the current year.

UL Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Friday, November 29th will be given 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 yield of 0.94%.

Insider Transactions at UL Solutions

In other news, major shareholder Ulse Inc. sold 3,000,000 shares of the business’s stock in a transaction dated 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 document filed with the SEC, which is accessible through this hyperlink.

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.