Twin Tree Management LP Sells 18,363 Shares of UL Solutions Inc. $ULS

Twin Tree Management LP cut its stake in shares of UL Solutions Inc. (NYSE:ULS) by 60.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,006 shares of the company’s stock after selling 18,363 shares during the quarter. Twin Tree Management LP’s holdings in UL Solutions were worth $947,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. bought a new position in shares of UL Solutions during the third quarter valued at $40,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of UL Solutions by 3,070.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock valued at $46,000 after acquiring an additional 614 shares during the period. Rhumbline Advisers bought a new position in shares of UL Solutions during the first quarter valued at $49,000. PNC Financial Services Group Inc. lifted its holdings in shares of UL Solutions by 18.2% during the third quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock valued at $61,000 after acquiring an additional 133 shares during the period. Finally, US Bancorp DE increased its stake in shares of UL Solutions by 253.9% in the third quarter. US Bancorp DE now owns 1,596 shares of the company’s stock valued at $113,000 after buying an additional 1,145 shares in the last quarter.

Insiders Place Their Bets

In other UL Solutions news, insider Gitte Schjotz sold 12,015 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $99.71, for a total value of $1,198,015.65. Following the sale, the insider owned 69,206 shares in the company, valued at approximately $6,900,530.26. The trade was a 14.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jennifer F. Scanlon sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $91.57, for a total value of $1,144,625.00. Following the sale, the chief executive officer owned 188,274 shares in the company, valued at approximately $17,240,250.18. This represents a 6.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 64,980 shares of company stock worth $6,217,938. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

ULS has been the subject of a number of research reports. Wall Street Zen upgraded UL Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Weiss Ratings upgraded UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 8th. BNP Paribas Exane initiated coverage on UL Solutions in a research note on Monday, April 20th. They issued a “neutral” rating and a $95.00 target price for the company. Telsey Advisory Group set a $100.00 target price on UL Solutions in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company raised their target price on UL Solutions from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, UL Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $101.54.

UL Solutions Price Performance

UL Solutions stock opened at $97.08 on Tuesday. The firm has a market capitalization of $19.57 billion, a P/E ratio of 56.77, a PEG ratio of 3.77 and a beta of 0.63. UL Solutions Inc. has a 1 year low of $61.64 and a 1 year high of $107.54. The business has a 50-day moving average of $93.67 and a 200-day moving average of $84.45. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27.

UL Solutions (NYSE:ULS) last posted its earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.08. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The company had revenue of $758.00 million during the quarter, compared to analyst estimates of $748.50 million. During the same period in the previous year, the company earned $0.37 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts anticipate that UL Solutions Inc. will post 2.1 EPS for the current year.

UL Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 29th were issued a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, May 29th. UL Solutions’s payout ratio is 33.92%.

About UL Solutions

UL Solutions (NYSE: ULS) is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters’ Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.

The company’s core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.