Sculptor Capital LP Takes $2.76 Million Position in UL Solutions Inc. $ULS

Sculptor Capital LP bought a new stake in UL Solutions Inc. (NYSE:ULS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 35,000 shares of the company’s stock, valued at approximately $2,760,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ULS. Royal Bank of Canada boosted its stake in shares of UL Solutions by 119.5% in the 1st quarter. Royal Bank of Canada now owns 143,431 shares of the company’s stock valued at $8,090,000 after purchasing an additional 78,081 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in UL Solutions by 104.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 460,160 shares of the company’s stock worth $25,953,000 after buying an additional 234,913 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in UL Solutions by 11.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,771 shares of the company’s stock worth $6,981,000 after buying an additional 13,205 shares in the last quarter. Rhumbline Advisers acquired a new position in UL Solutions during the 1st quarter worth about $49,000. Finally, Creative Planning acquired a new position in UL Solutions during the 2nd quarter worth about $208,000.

Insider Buying and Selling

In other news, CEO Jennifer F. Scanlon sold 12,500 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $91.57, for a total value of $1,144,625.00. Following the completion of the sale, the chief executive officer directly owned 188,274 shares of the company’s stock, valued at $17,240,250.18. This represents a 6.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gitte Schjotz sold 9,865 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $96.98, for a total value of $956,707.70. Following the sale, the insider directly owned 59,341 shares of the company’s stock, valued at approximately $5,754,890.18. The trade was a 14.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 65,705 shares of company stock worth $6,288,800 over the last quarter. Insiders own 1.20% of the company’s stock.

UL Solutions Stock Performance

Shares of ULS stock opened at $96.98 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 1.16. The stock has a market cap of $19.55 billion, a PE ratio of 56.71, a price-to-earnings-growth ratio of 3.77 and a beta of 0.63. The stock has a 50-day moving average of $95.03 and a 200-day moving average of $84.84. UL Solutions Inc. has a one year low of $61.64 and a one year high of $107.54.

UL Solutions (NYSE:ULS) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The company had revenue of $758.00 million during the quarter, compared to analysts’ expectations of $748.50 million. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.UL Solutions’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 EPS. As a group, sell-side analysts expect that UL Solutions Inc. will post 2.1 earnings per share for the current year.

UL Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 29th were paid a $0.145 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.6%. UL Solutions’s dividend payout ratio is 33.92%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BNP Paribas Exane assumed coverage on shares of UL Solutions in a research report on Monday, April 20th. They set a “neutral” rating and a $95.00 price target on the stock. Zacks Research upgraded shares of UL Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. JPMorgan Chase & Co. upped their price target on shares of UL Solutions from $88.00 to $108.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Wells Fargo & Company upped their price target on shares of UL Solutions from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, UBS Group upped their price target on shares of UL Solutions from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, UL Solutions currently has an average rating of “Moderate Buy” and an average target price of $101.54.

UL Solutions Company Profile

UL Solutions (NYSE: ULS) is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters’ Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.

The company’s core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.