SG Americas Securities LLC Takes $296,000 Position in UL Solutions Inc. (NYSE:ULS)

SG Americas Securities LLC purchased a new stake in UL Solutions Inc. (NYSE:ULS) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,004 shares of the company’s stock, valued at approximately $296,000.

A number of other large investors have also made changes to their positions in ULS. Massachusetts Financial Services Co. MA purchased a new position in UL Solutions during the 2nd quarter valued at about $96,262,000. American Century Companies Inc. purchased a new position in UL Solutions during the 2nd quarter valued at about $68,832,000. AltraVue Capital LLC purchased a new position in UL Solutions during the 2nd quarter valued at about $35,050,000. Conestoga Capital Advisors LLC purchased a new position in UL Solutions during the 2nd quarter valued at about $29,229,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in UL Solutions during the 2nd quarter valued at about $25,667,000.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ULS shares. Robert W. Baird raised their price target on shares of UL Solutions from $46.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Citigroup started coverage on shares of UL Solutions in a research note on Monday, October 7th. They set a “buy” rating and a $60.00 price target on the stock. Wells Fargo & Company raised their price target on shares of UL Solutions from $43.00 to $56.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Baird R W cut shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 12th. Finally, The Goldman Sachs Group raised their target price on shares of UL Solutions from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, UL Solutions has an average rating of “Moderate Buy” and an average price target of $45.80.

Insider Activity at UL Solutions

In related news, major shareholder Ulse Inc. sold 3,000,000 shares of the company’s stock in a transaction on 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 SEC, which can be accessed through this link.

UL Solutions Trading Down 1.2 %

ULS opened at $53.15 on Friday. The company has a quick ratio of 1.29, a current 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. The stock’s 50 day simple moving average is $51.32.

UL Solutions (NYSE:ULS) last posted its earnings results 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. UL Solutions’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, research analysts expect that UL Solutions Inc. will post 1.46 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 30th were given a dividend of $0.125 per share. 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 0.94%.

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.