Trexquant Investment LP Acquires Shares of 58,097 UL Solutions Inc. (NYSE:ULS)

Trexquant Investment LP acquired a new stake in UL Solutions Inc. (NYSE:ULS) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 58,097 shares of the company’s stock, valued at approximately $2,898,000.

A number of other hedge funds also recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in UL Solutions by 653.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock valued at $33,000 after acquiring an additional 582 shares during the period. Northwest & Ethical Investments L.P. grew its position in shares of UL Solutions by 23.5% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company’s stock valued at $105,000 after purchasing an additional 400 shares during the last quarter. KBC Group NV bought a new position in shares of UL Solutions during the fourth quarter worth approximately $163,000. Sanctuary Advisors LLC acquired a new stake in UL Solutions during the 4th quarter worth approximately $221,000. Finally, Signature Estate & Investment Advisors LLC bought a new stake in UL Solutions in the 4th quarter valued at $201,000.

Insiders Place Their Bets

In related news, EVP Alberto Uggetti sold 1,938 shares of UL Solutions stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $53.00, for a total transaction of $102,714.00. Following the sale, the executive vice president now directly owns 9,285 shares of the company’s stock, valued at approximately $492,105. The trade was a 17.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

UL Solutions Price Performance

Shares of NYSE:ULS opened at $53.74 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $10.76 billion and a PE ratio of 33.17. The firm has a 50 day moving average of $54.07 and a 200-day moving average of $52.40. UL Solutions Inc. has a 12 month low of $33.15 and a 12 month high of $59.23.

UL Solutions (NYSE:ULS) last released its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.11. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The firm had revenue of $739.00 million during the quarter, compared to analysts’ expectations of $726.54 million. On average, equities research analysts predict that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 28th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Friday, February 28th. This is a boost from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s payout ratio is currently 32.10%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Citigroup increased their price objective on UL Solutions from $60.00 to $60.50 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group raised their price target on shares of UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, UL Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $51.45.

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.