XTX Topco Ltd Buys Shares of 6,698 UL Solutions Inc. (NYSE:ULS)

XTX Topco Ltd purchased a new stake in shares of UL Solutions Inc. (NYSE:ULS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,698 shares of the company’s stock, valued at approximately $283,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Federated Hermes Inc. purchased a new stake in UL Solutions during the second quarter valued at approximately $13,636,000. Raymond James & Associates purchased a new position in UL Solutions during the second quarter valued at $9,089,000. Hall Laurie J Trustee bought a new stake in UL Solutions during the second quarter valued at about $2,066,000. Markel Group Inc. purchased a new stake in UL Solutions in the second quarter worth about $1,519,000. Finally, Bank of New York Mellon Corp bought a new position in shares of UL Solutions in the second quarter worth about $586,000.

Insider Transactions at UL Solutions

In related news, major shareholder Ulse Inc. sold 3,000,000 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $49.00, for a total value of $147,000,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Analyst Upgrades and Downgrades

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

UL Solutions Trading Up 0.1 %

NYSE:ULS opened at $49.50 on Friday. The stock has a 50-day moving average price of $50.10. UL Solutions Inc. has a 12 month low of $33.15 and a 12 month high of $56.28. 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 (NYSE:ULS) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.06. The firm had revenue of $730.00 million for the quarter, compared to analysts’ expectations of $718.73 million. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, equities analysts predict that UL Solutions Inc. will post 1.46 earnings per share for the current fiscal year.

UL Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Friday, August 30th were paid 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 1.01%.

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.