22,884 Shares in UL Solutions Inc. (NYSE:ULS) Acquired by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL acquired a new stake in UL Solutions Inc. (NYSE:ULS) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 22,884 shares of the company’s stock, valued at approximately $1,141,000.

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

Analyst Ratings Changes

ULS has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their price objective on UL Solutions from $55.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Citigroup lifted their target price on shares of UL Solutions from $60.00 to $60.50 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group upped their target price on shares of UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, UL Solutions has a consensus rating of “Moderate Buy” and an average price target of $51.45.

Insiders Place Their Bets

In other UL Solutions news, EVP Alberto Uggetti sold 1,938 shares of the 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 completion of the sale, the executive vice president now directly owns 9,285 shares of the company’s stock, valued at $492,105. This trade represents a 17.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by company insiders.

UL Solutions Price Performance

Shares of UL Solutions stock opened at $59.92 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. The stock’s fifty day moving average is $54.78 and its 200 day moving average is $53.23. The stock has a market cap of $11.99 billion and a P/E ratio of 36.99. UL Solutions Inc. has a one year low of $34.90 and a one year high of $60.60.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.11. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The company had revenue of $739.00 million during the quarter, compared to the consensus estimate of $726.54 million. 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 announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were paid a dividend of $0.13 per share. This is a boost from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.87%. UL Solutions’s payout ratio is 32.10%.

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.