Tidal Investments LLC Has $17.06 Million Stock Position in UL Solutions Inc. $ULS

Tidal Investments LLC lowered its position in UL Solutions Inc. (NYSE:ULS) by 32.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 167,462 shares of the company’s stock after selling 78,826 shares during the period. Tidal Investments LLC’s holdings in UL Solutions were worth $17,058,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of ULS. California State Teachers Retirement System boosted its position in UL Solutions by 10,220.7% during the second quarter. California State Teachers Retirement System now owns 8,703,631 shares of the company’s stock valued at $886,552,000 after acquiring an additional 8,619,299 shares during the last quarter. Ghisallo Capital Management LLC boosted its stake in UL Solutions by 1,299.3% during the fourth quarter. Ghisallo Capital Management LLC now owns 1,399,273 shares of the company’s stock worth $110,347,000 after acquiring an additional 1,299,273 shares in the last quarter. State Street Corp raised its holdings in shares of UL Solutions by 272.1% during the fourth quarter. State Street Corp now owns 1,460,723 shares of the company’s stock valued at $115,193,000 after purchasing an additional 1,068,194 shares during the period. Norges Bank acquired a new stake in shares of UL Solutions in the 4th quarter valued at about $72,719,000. Finally, Alyeska Investment Group L.P. acquired a new position in UL Solutions during the 4th quarter worth approximately $69,002,000.

UL Solutions Stock Performance

NYSE ULS opened at $71.25 on Friday. The stock has a market capitalization of $14.38 billion, a PE ratio of 28.84, a P/E/G ratio of 3.03 and a beta of 0.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.42 and a quick ratio of 1.42. The company’s 50 day simple moving average is $81.35 and its two-hundred day simple moving average is $87.85. UL Solutions Inc. has a 1 year low of $65.17 and a 1 year high of $107.54.

UL Solutions (NYSE:ULS) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. UL Solutions had a return on equity of 28.81% and a net margin of 16.02%.The firm had revenue of $816.00 million during the quarter, compared to the consensus estimate of $813.62 million. During the same quarter last year, the company posted $0.52 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Analysts predict that UL Solutions Inc. will post 2.08 earnings per share for the current fiscal 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 $0.145 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.58 annualized dividend and a dividend yield of 0.8%. UL Solutions’s dividend payout ratio (DPR) is currently 23.48%.

Analyst Ratings Changes

ULS has been the subject of several recent research reports. Zacks Research downgraded UL Solutions from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. The Goldman Sachs Group set a $86.00 price objective on shares of UL Solutions in a report on Wednesday, August 5th. Citigroup lowered their target price on shares of UL Solutions from $106.40 to $82.80 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Wells Fargo & Company lowered their price objective on UL Solutions from $120.00 to $104.00 and set an “overweight” rating for the company in a research note on Wednesday, August 5th. Finally, Weiss Ratings raised UL Solutions from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, UL Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $96.78.

Insider Buying and Selling

In other UL Solutions news, CEO Jennifer Scanlon sold 12,500 shares of UL Solutions stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $73.66, for a total value of $920,750.00. Following the transaction, the chief executive officer directly owned 139,224 shares of the company’s stock, valued at $10,255,239.84. The trade was a 8.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 37,500 shares of company stock valued at $3,312,000. 1.20% of the stock is owned by insiders.

UL Solutions Company Profile

UL Solutions Inc (NYSE: ULS) is a global applied safety science company that provides testing, inspection, certification, verification and advisory services. The company helps manufacturers, retailers, regulators and other organizations assess whether products, systems and processes meet applicable safety, security, performance and sustainability requirements.

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