Barclays PLC Sells 75,915 Shares of UL Solutions Inc. (NYSE:ULS)

Barclays PLC trimmed its holdings in shares of UL Solutions Inc. (NYSE:ULS) by 75.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. FMR LLC lifted its stake in shares of UL Solutions by 6.9% in the 3rd quarter. FMR LLC now owns 3,565,238 shares of the company’s stock worth $175,766,000 after purchasing an additional 230,886 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of UL Solutions during the 2nd quarter worth $96,262,000. Soros Fund Management LLC grew its position in shares of UL Solutions by 127.4% during the 3rd quarter. Soros Fund Management LLC now owns 1,137,077 shares of the company’s stock valued at $56,058,000 after acquiring an additional 637,077 shares during the period. AltraVue Capital LLC purchased a new stake in shares of UL Solutions in the 2nd quarter worth $35,050,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in UL Solutions by 19.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 756,505 shares of the company’s stock worth $36,805,000 after purchasing an additional 122,975 shares during the period.

Insiders Place Their Bets

In other news, insider Gitte Schjotz sold 5,941 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $52.58, for a total transaction of $312,377.78. Following the transaction, the insider now directly owns 69,191 shares of the company’s stock, valued at approximately $3,638,062.78. This represents a 7.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

UL Solutions Price Performance

Shares of ULS opened at $49.58 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. The business has a fifty day moving average of $51.32 and a 200 day moving average of $50.16. UL Solutions Inc. has a 52-week low of $33.15 and a 52-week high of $59.23.

UL Solutions (NYSE:ULS) last released its earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.10. The firm had revenue of $731.00 million during the quarter, compared to analyst estimates of $709.41 million. UL Solutions had a net margin of 10.76% and a return on equity of 40.88%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, research analysts predict that UL Solutions Inc. will post 1.53 EPS for the current fiscal year.

UL Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 29th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date was Friday, November 29th.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of UL Solutions from $56.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. UBS Group boosted their price objective on UL Solutions from $52.00 to $54.00 and gave the company a “neutral” rating in a research 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 target price for the company. Robert W. Baird boosted their price target on UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their price objective on shares of UL Solutions from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

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.