UL Solutions Inc. (NYSE:ULS) Shares Sold by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC cut its stake in UL Solutions Inc. (NYSE:ULS) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 705,935 shares of the company’s stock after selling 2,578 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in UL Solutions were worth $35,212,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in UL Solutions by 29.3% during the third 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 in the last quarter. Soros Fund Management LLC increased its holdings in UL Solutions by 127.4% during the 3rd quarter. Soros Fund Management LLC now owns 1,137,077 shares of the company’s stock worth $56,058,000 after purchasing an additional 637,077 shares during the last quarter. Port Capital LLC acquired a new stake in UL Solutions in the third quarter valued at $25,675,000. Zimmer Partners LP increased its holdings in shares of UL Solutions by 136.7% in the 3rd quarter. Zimmer Partners LP now owns 710,000 shares of the company’s stock valued at $35,003,000 after acquiring an additional 410,000 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of UL Solutions by 133.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 700,000 shares of the company’s stock valued at $34,510,000 after buying an additional 400,000 shares during the period.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wells Fargo & Company raised their price target on UL Solutions from $56.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Robert W. Baird boosted their target price on shares of UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Citigroup initiated coverage on shares of UL Solutions in a research note on Monday, October 7th. They set a “buy” rating and a $60.00 target price for the company. UBS Group raised their target price on UL Solutions from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group lifted their target price on shares of UL Solutions from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

Insider Buying and Selling

In other news, insider Gitte Schjotz sold 5,941 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $52.58, for a total transaction of $312,377.78. Following the completion of the transaction, the insider now directly owns 69,191 shares of the company’s stock, valued at approximately $3,638,062.78. This represents a 7.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

UL Solutions Price Performance

Shares of UL Solutions stock opened at $53.53 on Monday. The stock has a 50 day moving average of $51.77 and a 200 day moving average of $51.10. UL Solutions Inc. has a 12 month low of $33.15 and a 12 month high of $59.23. 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 (NYSE:ULS) last announced its earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.10. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. The business had revenue of $731.00 million for the quarter, compared to analysts’ expectations of $709.41 million. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities analysts expect that UL Solutions Inc. will post 1.53 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.50 dividend on an annualized basis and a yield of 0.93%.

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.