UL Solutions Inc. $ULS Shares Acquired by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC boosted its holdings in UL Solutions Inc. (NYSE:ULS) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 608,136 shares of the company’s stock after acquiring an additional 22,028 shares during the period. UL Solutions accounts for about 2.5% of Reynders McVeigh Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Reynders McVeigh Capital Management LLC’s holdings in UL Solutions were worth $61,945,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC lifted its holdings in shares of UL Solutions by 50.0% in the second quarter. NewEdge Advisors LLC now owns 450 shares of the company’s stock valued at $46,000 after purchasing an additional 150 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of UL Solutions by 1.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 15,155 shares of the company’s stock worth $1,195,000 after purchasing an additional 194 shares in the last quarter. Sequoia Financial Advisors LLC raised its position 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 purchasing an additional 217 shares during the last quarter. Parallel Advisors LLC raised its position 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 purchasing an additional 234 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in UL Solutions by 42.4% in the 2nd quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock valued at $84,000 after buying an additional 245 shares in the last quarter.

Insider Activity at UL Solutions

In other news, CEO Jennifer Scanlon sold 12,500 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $73.66, for a total transaction of $920,750.00. Following the transaction, the chief executive officer owned 139,224 shares of the company’s stock, valued at approximately $10,255,239.84. This trade represents a 8.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 37,500 shares of company stock worth $3,312,000 over the last quarter. Company insiders own 1.20% of the company’s stock.

UL Solutions Trading Down 6.4%

ULS stock traded down $4.48 on Tuesday, hitting $65.02. 1,194,036 shares of the company were exchanged, compared to its average volume of 913,292. 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 stock has a market capitalization of $13.13 billion, a price-to-earnings ratio of 26.32, a price-to-earnings-growth ratio of 2.96 and a beta of 0.63. The business’s fifty day moving average is $80.45 and its two-hundred day moving average is $87.73. UL Solutions Inc. has a twelve month low of $64.75 and a twelve month high of $107.54.

UL Solutions (NYSE:ULS) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.59 EPS for the quarter, beating 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 firm had revenue of $816.00 million for the quarter, compared to analyst estimates of $813.62 million. During the same quarter last year, the firm posted $0.52 earnings per share. UL Solutions’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, research analysts forecast that UL Solutions Inc. will post 2.08 earnings per share for the current year.

UL Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 31st were issued a $0.145 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.58 annualized dividend and a yield of 0.9%. UL Solutions’s dividend payout ratio is currently 23.48%.

Analyst Ratings Changes

ULS has been the topic of a number of analyst reports. Weiss Ratings raised UL Solutions from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. Wells Fargo & Company reduced their price objective on UL Solutions from $120.00 to $104.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 5th. UBS Group decreased their price objective on UL Solutions from $110.00 to $96.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Citigroup dropped their price objective on UL Solutions from $106.40 to $82.80 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Finally, Robert W. Baird set a $95.00 target price on shares of UL Solutions in a research note on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, UL Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $96.78.

About UL Solutions

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.