Polar Asset Management Partners Inc. Decreases Position in UL Solutions Inc. (NYSE:ULS)

Polar Asset Management Partners Inc. lowered its stake in shares of UL Solutions Inc. (NYSE:ULS) by 36.4% in the 4th quarter, HoldingsChannel reports. The firm owned 163,900 shares of the company’s stock after selling 93,800 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in UL Solutions were worth $8,175,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Northwest & Ethical Investments L.P. increased its stake in shares of UL Solutions by 23.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company’s stock worth $105,000 after purchasing an additional 400 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in UL Solutions by 653.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock valued at $33,000 after buying an additional 582 shares in the last quarter. Quarry LP purchased a new position in UL Solutions in the 4th quarter valued at approximately $32,000. Lisanti Capital Growth LLC grew its stake in UL Solutions by 0.7% in the 4th quarter. Lisanti Capital Growth LLC now owns 93,620 shares of the company’s stock valued at $4,670,000 after buying an additional 690 shares in the last quarter. Finally, Capital Group Investment Management PTE. LTD. grew its stake in UL Solutions by 3.4% in the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 21,735 shares of the company’s stock valued at $1,084,000 after buying an additional 705 shares in the last quarter.

Insiders Place Their Bets

In related news, insider Gitte Schjotz sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $67.44, for a total transaction of $472,080.00. Following the transaction, the insider now directly owns 46,889 shares of the company’s stock, valued at approximately $3,162,194.16. This trade represents a 12.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction, the executive vice president now owns 9,285 shares in the company, valued at $492,105. The trade was a 17.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,899 shares of company stock valued at $712,064 over the last 90 days. Insiders own 1.20% of the company’s stock.

UL Solutions Stock Up 1.0%

Shares of NYSE:ULS opened at $71.70 on Monday. The firm has a fifty day moving average price of $60.03 and a two-hundred day moving average price of $55.05. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. UL Solutions Inc. has a one year low of $37.87 and a one year high of $72.81. The company has a market cap of $14.35 billion and a price-to-earnings ratio of 44.26.

UL Solutions (NYSE:ULS) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.32 by $0.05. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The firm had revenue of $705.00 million during the quarter, compared to the consensus estimate of $704.19 million. UL Solutions’s revenue was up 5.2% on a year-over-year basis. Analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Friday, May 30th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, May 30th. UL Solutions’s payout ratio is 31.14%.

Analyst Ratings Changes

A number of research analysts recently weighed in on ULS shares. JPMorgan Chase & Co. lifted their price objective on shares of UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Wells Fargo & Company lifted their price objective on shares of UL Solutions from $65.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. Robert W. Baird lifted 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. UBS Group lifted 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. Finally, Raymond James lifted 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. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $69.43.

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.