Symmetry Investments LP Makes New Investment in UL Solutions Inc. (NYSE:ULS)

Symmetry Investments LP acquired a new stake in shares of UL Solutions Inc. (NYSE:ULS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 6,500 shares of the company’s stock, valued at approximately $274,000.

Other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA purchased a new stake in UL Solutions in the second quarter valued at about $96,262,000. American Century Companies Inc. purchased a new position in shares of UL Solutions in the 2nd quarter valued at approximately $68,832,000. AltraVue Capital LLC acquired a new stake in UL Solutions in the 2nd quarter worth approximately $35,050,000. Conestoga Capital Advisors LLC purchased a new stake in UL Solutions during the 2nd quarter worth approximately $29,229,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in UL Solutions during the 2nd quarter valued at approximately $25,667,000.

UL Solutions Stock Down 2.6 %

UL Solutions stock opened at $48.50 on Friday. The business’s 50-day moving average is $49.70. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.00. UL Solutions Inc. has a 52 week low of $33.15 and a 52 week high of $56.28.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. The firm had revenue of $730.00 million for the quarter, compared to analyst estimates of $718.73 million. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts forecast that UL Solutions Inc. will post 1.46 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 30th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.03%.

Analyst Ratings Changes

Several equities research analysts have recently commented on ULS shares. Baird R W downgraded shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 12th. The Goldman Sachs Group lifted their price target on UL Solutions from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Wells Fargo & Company boosted their price target on UL Solutions from $43.00 to $56.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird raised their price objective on UL Solutions from $46.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.90.

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.