Graham Capital Management L.P. Makes New $1.95 Million Investment in UL Solutions Inc. (NYSE:ULS)

Graham Capital Management L.P. bought a new position in UL Solutions Inc. (NYSE:ULS) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 39,068 shares of the company’s stock, valued at approximately $1,949,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ULS. JPMorgan Chase & Co. grew its stake in UL Solutions by 29.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock worth $222,658,000 after acquiring an additional 1,022,851 shares during the period. Baker Chad R grew its stake in shares of UL Solutions by 91.0% during the 4th quarter. Baker Chad R now owns 112,300 shares of the company’s stock valued at $5,602,000 after buying an additional 53,500 shares during the period. Hall Laurie J Trustee grew its stake in shares of UL Solutions by 10.3% during the 4th quarter. Hall Laurie J Trustee now owns 54,050 shares of the company’s stock valued at $2,696,000 after buying an additional 5,040 shares during the period. AEGON ASSET MANAGEMENT UK Plc grew its stake in shares of UL Solutions by 20.7% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 235,501 shares of the company’s stock valued at $11,726,000 after buying an additional 40,396 shares during the period. Finally, KBC Group NV purchased a new stake in shares of UL Solutions during the 4th quarter valued at $163,000.

Insiders Place Their Bets

In related news, EVP Alberto Uggetti sold 1,938 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $53.00, for a total transaction of $102,714.00. Following the completion of the sale, the executive vice president now owns 9,285 shares of the company’s stock, valued at $492,105. This represents a 17.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gitte Schjotz sold 7,000 shares of the business’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $67.44, for a total transaction of $472,080.00. Following the sale, the insider now directly owns 46,889 shares of the company’s stock, valued at approximately $3,162,194.16. This represents a 12.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,899 shares of company stock worth $712,064 in the last quarter. 1.20% of the stock is owned by corporate insiders.

UL Solutions Stock Performance

NYSE:ULS opened at $70.09 on Monday. 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 firm has a market capitalization of $14.03 billion and a price-to-earnings ratio of 43.27. The firm’s fifty day simple moving average is $56.12 and its 200 day simple moving average is $53.68. UL Solutions Inc. has a twelve month low of $36.51 and a twelve month high of $71.89.

UL Solutions (NYSE:ULS) last posted its earnings results on Tuesday, May 6th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.05. The business had revenue of $705.00 million for the quarter, compared to analyst estimates of $704.19 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The business’s revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 28th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 0.74%. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s payout ratio is currently 31.14%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ULS shares. UBS Group boosted their price objective on shares of UL Solutions from $58.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Raymond James boosted their price objective on shares of UL Solutions from $60.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. The Goldman Sachs Group boosted their price objective on shares of UL Solutions from $57.00 to $63.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Robert W. Baird boosted their price objective on shares of UL Solutions from $60.00 to $73.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Finally, Citigroup boosted their price objective on shares of UL Solutions from $60.00 to $60.50 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, UL Solutions currently has an average rating of “Moderate Buy” and an average target price of $67.93.

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.