UL Solutions Inc. $ULS Shares Sold by Ghisallo Capital Management LLC

Ghisallo Capital Management LLC decreased its position in UL Solutions Inc. (NYSE:ULS) by 80.0% in the third quarter, HoldingsChannel.com reports. The fund owned 100,000 shares of the company’s stock after selling 400,000 shares during the period. Ghisallo Capital Management LLC’s holdings in UL Solutions were worth $7,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Interval Partners LP purchased a new stake in UL Solutions during the 3rd quarter valued at about $4,347,000. Comerica Bank raised its stake in shares of UL Solutions by 1.8% in the third quarter. Comerica Bank now owns 104,634 shares of the company’s stock worth $7,414,000 after purchasing an additional 1,803 shares during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of UL Solutions by 2.6% during the third quarter. Brown Brothers Harriman & Co. now owns 713,888 shares of the company’s stock worth $50,586,000 after purchasing an additional 17,925 shares during the period. Chesapeake Capital Corp IL acquired a new stake in shares of UL Solutions during the third quarter worth about $444,000. Finally, Twin Tree Management LP boosted its position in UL Solutions by 647.5% in the third quarter. Twin Tree Management LP now owns 30,369 shares of the company’s stock valued at $2,152,000 after buying an additional 26,306 shares during the last quarter.

UL Solutions Stock Down 0.6%

UL Solutions stock opened at $83.26 on Friday. The business’s 50-day moving average price is $77.07 and its 200 day moving average price is $76.68. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. The firm has a market cap of $16.74 billion, a price-to-earnings ratio of 52.37, a price-to-earnings-growth ratio of 3.44 and a beta of 0.87. UL Solutions Inc. has a 52 week low of $49.93 and a 52 week high of $91.95.

UL Solutions (NYSE:ULS) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.46 by $0.07. The business had revenue of $789.00 million for the quarter, compared to analyst estimates of $782.37 million. UL Solutions had a return on equity of 31.62% and a net margin of 10.61%.The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. As a group, sell-side analysts anticipate that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were issued a $0.145 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. This represents a $0.58 dividend on an annualized basis and a yield of 0.7%. UL Solutions’s dividend payout ratio is presently 36.48%.

Analyst Upgrades and Downgrades

ULS has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of UL Solutions from $84.00 to $88.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Wells Fargo & Company lifted their price objective on shares of UL Solutions from $97.00 to $102.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. Zacks Research downgraded shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. Robert W. Baird reduced their target price on shares of UL Solutions from $97.00 to $96.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Finally, Bank of America raised their target price on shares of UL Solutions to $86.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, UL Solutions has a consensus rating of “Hold” and a consensus target price of $87.60.

UL Solutions 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.