LRI Investments LLC Acquires New Holdings in UL Solutions Inc. $ULS

LRI Investments LLC purchased a new position in shares of UL Solutions Inc. (NYSE:ULS) during the second quarter, Holdings Channel.com reports. The fund purchased 1,752 shares of the company’s stock, valued at approximately $128,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. KLP Kapitalforvaltning AS increased its stake in UL Solutions by 1.2% during the second quarter. KLP Kapitalforvaltning AS now owns 17,100 shares of the company’s stock worth $1,246,000 after purchasing an additional 200 shares during the period. Hall Laurie J Trustee increased its stake in UL Solutions by 0.6% during the second quarter. Hall Laurie J Trustee now owns 56,405 shares of the company’s stock worth $4,110,000 after purchasing an additional 350 shares during the period. Elequin Capital LP purchased a new stake in UL Solutions during the first quarter worth about $31,000. Connecticut Wealth Management LLC increased its stake in UL Solutions by 5.7% during the first quarter. Connecticut Wealth Management LLC now owns 10,785 shares of the company’s stock worth $608,000 after purchasing an additional 585 shares during the period. Finally, Algert Global LLC increased its stake in UL Solutions by 0.9% during the first quarter. Algert Global LLC now owns 83,530 shares of the company’s stock worth $4,711,000 after purchasing an additional 782 shares during the period.

UL Solutions Stock Performance

Shares of ULS opened at $72.05 on Monday. The stock has a 50 day moving average price of $67.46 and a 200 day moving average price of $66.81. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $14.47 billion, a price-to-earnings ratio of 44.48 and a beta of 1.04. UL Solutions Inc. has a 52-week low of $48.54 and a 52-week high of $75.56.

UL Solutions (NYSE:ULS) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. The firm had revenue of $776.00 million during the quarter, compared to the consensus estimate of $771.55 million. UL Solutions had a return on equity of 37.33% and a net margin of 11.08%.The firm’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.44 earnings per share. Research analysts predict that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Friday, August 29th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, August 29th. UL Solutions’s dividend payout ratio is 32.10%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ULS shares. JPMorgan Chase & Co. boosted their price target on shares of UL Solutions from $64.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 6th. UBS Group lowered their price objective on UL Solutions from $72.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday, August 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of UL Solutions in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, UL Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $70.86.

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.