XTX Topco Ltd Invests $734,000 in UL Solutions Inc. $ULS

XTX Topco Ltd acquired a new stake in UL Solutions Inc. (NYSE:ULS) in the 2nd quarter, HoldingsChannel reports. The fund acquired 10,068 shares of the company’s stock, valued at approximately $734,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC bought a new stake in UL Solutions during the first quarter worth $57,999,000. DekaBank Deutsche Girozentrale acquired a new position in shares of UL Solutions during the 2nd quarter worth about $52,396,000. Bessemer Group Inc. increased its stake in shares of UL Solutions by 32.2% during the 2nd quarter. Bessemer Group Inc. now owns 1,889,787 shares of the company’s stock worth $137,689,000 after purchasing an additional 460,394 shares during the last quarter. Conestoga Capital Advisors LLC raised its holdings in shares of UL Solutions by 64.6% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,169,274 shares of the company’s stock valued at $85,193,000 after purchasing an additional 458,972 shares during the period. Finally, William Blair Investment Management LLC acquired a new stake in UL Solutions in the 2nd quarter valued at about $32,124,000.

Analyst Ratings Changes

A number of equities analysts recently commented on ULS shares. Wells Fargo & Company lifted their price target on UL Solutions from $77.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. The Goldman Sachs Group raised their price objective on UL Solutions from $69.00 to $79.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. UBS Group boosted their target price on UL Solutions from $75.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Weiss Ratings restated a “buy (b-)” rating on shares of UL Solutions in a research note on Monday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $84.00 price target (up previously from $70.00) on shares of UL Solutions in a report on Wednesday, November 5th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $81.71.

UL Solutions Price Performance

UL Solutions stock opened at $89.02 on Wednesday. The company has a market capitalization of $17.88 billion, a price-to-earnings ratio of 53.31 and a beta of 0.92. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.45. UL Solutions Inc. has a 12 month low of $48.54 and a 12 month high of $91.95. The stock’s 50 day moving average is $80.21 and its 200-day moving average is $73.04.

UL Solutions (NYSE:ULS) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.09. UL Solutions had a return on equity of 34.49% and a net margin of 11.29%.The business had revenue of $783.00 million during the quarter, compared to the consensus estimate of $769.01 million. During the same period in the previous year, the company posted $0.49 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Equities research analysts expect that UL Solutions Inc. will post 1.69 EPS for the current year.

UL Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Friday, November 28th will be paid a $0.13 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. UL Solutions’s dividend payout ratio is 31.14%.

About UL Solutions

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.