UL Solutions Inc. $ULS Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its stake in shares of UL Solutions Inc. (NYSE:ULS) by 40,069.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,610,000 shares of the company’s stock after purchasing an additional 1,605,992 shares during the period. UL Solutions makes up approximately 0.8% of International Assets Investment Management LLC’s portfolio, making the stock its 21st biggest holding. International Assets Investment Management LLC’s holdings in UL Solutions were worth $105,648,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its holdings in shares of UL Solutions by 50.0% in the 2nd quarter. NewEdge Advisors LLC now owns 450 shares of the company’s stock valued at $46,000 after purchasing an additional 150 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of UL Solutions by 5.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,404 shares of the company’s stock worth $449,000 after buying an additional 217 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of UL Solutions by 349.3% during the 1st quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock worth $26,000 after buying an additional 234 shares during the last quarter. GAMMA Investing LLC raised its position in shares of UL Solutions by 42.4% in the 2nd quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock worth $84,000 after buying an additional 245 shares during the period. Finally, Centaurus Financial Inc. raised its position in shares of UL Solutions by 11.3% in the 1st quarter. Centaurus Financial Inc. now owns 2,516 shares of the company’s stock worth $216,000 after buying an additional 255 shares during the period.

UL Solutions Trading Down 0.7%

Shares of ULS stock opened at $74.90 on Friday. The stock has a market cap of $15.12 billion, a price-to-earnings ratio of 30.32, a price-to-earnings-growth ratio of 3.13 and a beta of 0.72. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.19. UL Solutions Inc. has a fifty-two week low of $63.17 and a fifty-two week high of $107.54. The firm’s 50 day moving average price is $70.69 and its two-hundred day moving average price is $82.49.

UL Solutions (NYSE:ULS) last released its quarterly earnings data on Tuesday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.03. UL Solutions had a net margin of 16.02% and a return on equity of 28.81%. The company had revenue of $816.00 million during the quarter, compared to the consensus estimate of $813.62 million. During the same period in the previous year, the firm earned $0.52 earnings per share. UL Solutions’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, analysts anticipate that UL Solutions Inc. will post 2.09 EPS for the current year.

UL Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 31st were issued a dividend of $0.1450 per share. The ex-dividend date was Monday, August 31st. This represents a $0.58 annualized dividend and a dividend yield of 0.8%. UL Solutions’s payout ratio is presently 23.48%.

Insider Buying and Selling at UL Solutions

In related news, CEO Jennifer Scanlon sold 12,500 shares of UL Solutions stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $70.08, for a total transaction of $876,000.00. Following the transaction, the chief executive officer owned 126,724 shares in the company, valued at approximately $8,880,817.92. The trade was a 8.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 37,500 shares of company stock worth $2,947,750. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ULS. Zacks Research cut UL Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Wall Street Zen downgraded UL Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Robert W. Baird dropped their price target on UL Solutions from $95.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, September 24th. UBS Group upped their price target on UL Solutions from $96.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Finally, Citigroup cut their price objective on UL Solutions from $106.40 to $82.80 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, UL Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $95.88.

UL Solutions Profile

UL Solutions Inc (NYSE: ULS) is a global applied safety science company that provides testing, inspection, certification, and advisory services. The company helps manufacturers, retailers, regulators, and other organizations evaluate the safety, security, performance, quality, and sustainability of products, facilities, and systems.

Its services cover a broad range of industries, including consumer products, industrial equipment, energy, mobility, information technology, and the built environment.