Sculptor Capital LP Purchases New Position in UL Solutions Inc. (NYSE:ULS)

Sculptor Capital LP purchased a new stake in UL Solutions Inc. (NYSE:ULS) in the second quarter, Holdings Channel reports. The firm purchased 37,000 shares of the company’s stock, valued at approximately $1,561,000.

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

Insider Buying and Selling at UL Solutions

In other UL Solutions 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 filing with the Securities & Exchange Commission, which is accessible through this link.

UL Solutions Stock Down 0.1 %

ULS stock opened at $49.43 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.29 and a current ratio of 1.29. The firm’s 50 day moving average price is $50.10. UL Solutions Inc. has a one year low of $33.15 and a one year high of $56.28.

UL Solutions (NYSE:ULS) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. The company had revenue of $730.00 million for the quarter, compared to analysts’ expectations of $718.73 million. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, research analysts expect that UL Solutions Inc. will post 1.46 earnings per share for the current fiscal year.

UL Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 30th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, August 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.01%.

Analysts Set New Price Targets

A number of analysts have weighed in on ULS shares. Wells Fargo & Company upped their target price on UL Solutions from $43.00 to $56.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Baird R W lowered UL Solutions from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 12th. Robert W. Baird raised their target price on UL Solutions from $46.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group raised their target price on UL Solutions from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.