Sessa Capital IM L.P. Buys Shares of 10,000 UL Solutions Inc. (NYSE:ULS)

Sessa Capital IM L.P. purchased a new stake in UL Solutions Inc. (NYSE:ULS) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 10,000 shares of the company’s stock, valued at approximately $422,000. UL Solutions accounts for 0.0% of Sessa Capital IM L.P.’s holdings, making the stock its 25th largest position.

A number of other institutional investors have also modified their holdings of the business. Millennium Management LLC acquired a new position in UL Solutions in the second quarter valued at approximately $6,473,000. Squarepoint Ops LLC acquired a new position in UL Solutions during the 2nd quarter valued at approximately $3,776,000. Sandia Investment Management LP bought a new position in UL Solutions during the 2nd quarter worth $738,000. Marshall Wace LLP acquired a new stake in UL Solutions in the second quarter worth $12,396,000. Finally, Davidson Kempner Capital Management LP acquired a new stake in UL Solutions in the second quarter worth $6,961,000.

Insider Buying and Selling

In other UL Solutions news, major shareholder Ulse Inc. sold 3,000,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was 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 SEC, which is accessible through the SEC website.

Wall Street Analysts Forecast Growth

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

UL Solutions Trading Down 0.1 %

Shares of NYSE:ULS opened at $49.43 on Friday. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.29 and a quick ratio of 1.29. The firm’s fifty day moving average 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 released its quarterly earnings results on Wednesday, July 31st. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. The company had revenue of $730.00 million during the quarter, compared to analyst estimates of $718.73 million. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, equities research analysts anticipate that UL Solutions Inc. will post 1.46 earnings per share for the current fiscal year.

UL Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 30th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.50 annualized dividend 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.