Linden Advisors LP Reduces Holdings in UL Solutions Inc. (NYSE:ULS)

Linden Advisors LP reduced its position in shares of UL Solutions Inc. (NYSE:ULS) by 22.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,802 shares of the company’s stock after selling 1,698 shares during the period. Linden Advisors LP’s holdings in UL Solutions were worth $289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Northwest & Ethical Investments L.P. raised its position in UL Solutions by 23.5% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company’s stock worth $105,000 after acquiring an additional 400 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in UL Solutions by 653.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock valued at $33,000 after purchasing an additional 582 shares during the period. Quarry LP acquired a new stake in shares of UL Solutions in the fourth quarter worth $32,000. Lisanti Capital Growth LLC grew its holdings in shares of UL Solutions by 0.7% during the fourth quarter. Lisanti Capital Growth LLC now owns 93,620 shares of the company’s stock valued at $4,670,000 after buying an additional 690 shares in the last quarter. Finally, Capital Group Investment Management PTE. LTD. grew its holdings in shares of UL Solutions by 3.4% during the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 21,735 shares of the company’s stock valued at $1,084,000 after buying an additional 705 shares in the last quarter.

Insider Buying and Selling at UL Solutions

In related news, insider Gitte Schjotz sold 7,000 shares of UL Solutions stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $67.44, for a total value of $472,080.00. Following the completion of the transaction, the insider now directly owns 46,889 shares of the company’s stock, valued at $3,162,194.16. The trade was a 12.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Alberto Uggetti sold 1,961 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $70.00, for a total transaction of $137,270.00. Following the completion of the sale, the executive vice president now owns 9,285 shares of the company’s stock, valued at $649,950. The trade was a 17.44% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,899 shares of company stock worth $712,064 over the last ninety days. Corporate insiders own 1.20% of the company’s stock.

UL Solutions Trading Down 0.6%

Shares of ULS stock opened at $70.09 on Monday. The stock has a market cap of $14.03 billion and a price-to-earnings ratio of 43.27. The firm has a fifty day moving average of $56.12 and a 200-day moving average of $53.68. UL Solutions Inc. has a 52-week low of $36.51 and a 52-week high of $71.89. 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 released its quarterly earnings data on Tuesday, May 6th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The company had revenue of $705.00 million for the quarter, compared to the consensus estimate of $704.19 million. The firm’s revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts forecast that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were given a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.74%. This is a boost from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s dividend payout ratio (DPR) is 31.14%.

Analysts Set New Price Targets

ULS has been the subject of several research reports. Citigroup raised their price target on shares of UL Solutions from $60.00 to $60.50 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Wells Fargo & Company raised their target price on UL Solutions from $65.00 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. increased their price objective on UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, February 21st. UBS Group upped their target price on UL Solutions from $58.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird lifted their price target on shares of UL Solutions from $60.00 to $73.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, UL Solutions currently has an average rating of “Moderate Buy” and an average target price of $67.93.

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.