7,620 Shares of UL Solutions Inc. $ULS Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. purchased a new position in UL Solutions Inc. (NYSE:ULS) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,620 shares of the company’s stock, valued at approximately $500,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ULS. NewEdge Advisors LLC lifted its position in shares of UL Solutions by 50.0% during the 2nd quarter. NewEdge Advisors LLC now owns 450 shares of the company’s stock valued at $46,000 after buying an additional 150 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake 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 valued at $449,000 after acquiring an additional 217 shares during the period. Parallel Advisors LLC grew its stake in shares of UL Solutions by 349.3% during the 1st quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock valued at $26,000 after acquiring an additional 234 shares during the period. GAMMA Investing LLC increased its holdings in UL Solutions by 42.4% in the 2nd quarter. GAMMA Investing LLC now owns 823 shares of the company’s stock worth $84,000 after acquiring an additional 245 shares in the last quarter. Finally, Centaurus Financial Inc. increased its holdings in UL Solutions by 11.3% in the 1st quarter. Centaurus Financial Inc. now owns 2,516 shares of the company’s stock worth $216,000 after acquiring an additional 255 shares in the last quarter.

UL Solutions News Roundup

Here are the key news stories impacting UL Solutions this week:

• Positive Sentiment: UL Solutions is expanding its high-wind testing services in North America, broadening its testing capabilities and potential reach in the wind-energy market. UL Solutions Expands High-Wind Testing Services in North America
• Positive Sentiment: In its latest quarter, revenue increased 5.1% year over year to $823 million, ahead of estimates; EPS of $0.62 matched consensus. The results offer evidence of continued growth, though the earnings-per-share figure was not a surprise.
• Neutral Sentiment: The company joined an industry proposal to the FDA recommending competency-based approaches to regulated life-sciences training. This could create opportunities if adopted, but it is a proposal rather than an announced regulatory change. UL Solutions Collaborates on Life Science Training Initiative
• Neutral Sentiment: Analyst opinions were mixed: Wells Fargo raised its target to $105 and kept an Overweight rating, while Citigroup lowered its target to $81.40 and retained a Neutral rating. Wells Fargo analyst ratings Citigroup analyst ratings
• Negative Sentiment: CEO Jennifer Scanlon sold 12,500 shares for about $938,000, reducing her holdings by roughly 9.9%. The reported sale may pressure sentiment, although no reason for the transaction was provided. CEO share sale report

Insider Buying and Selling at UL Solutions

In related news, CEO Jennifer Scanlon sold 12,500 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $75.03, for a total transaction of $937,875.00. Following the completion of the transaction, the chief executive officer owned 114,224 shares in the company, valued at approximately $8,570,226.72. This represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 37,500 shares of company stock worth $2,734,625 in the last three months. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on ULS. Citigroup decreased their target price on shares of UL Solutions from $82.80 to $81.40 and set a “neutral” rating on the stock in a research note on Wednesday. The Goldman Sachs Group set a $86.00 price target on shares of UL Solutions in a research report on Wednesday, August 5th. William Blair reissued an “outperform” rating on shares of UL Solutions in a research note on Monday, September 21st. UBS Group increased their price objective on shares of UL Solutions from $96.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Finally, Weiss Ratings downgraded shares of UL Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, September 21st. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, UL Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.84.

UL Solutions Stock Down 4.1%

Shares of ULS opened at $76.46 on Friday. The business’s 50 day moving average is $70.95 and its 200 day moving average is $82.50. The company has a current ratio of 2.09, a quick ratio of 1.42 and a debt-to-equity ratio of 0.44. UL Solutions Inc. has a 12-month low of $63.17 and a 12-month high of $107.54. The company has a market capitalization of $15.44 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 3.31 and a beta of 0.62.

UL Solutions (NYSE:ULS) last posted its quarterly earnings results on Tuesday, November 3rd. The company reported $0.62 earnings per share for the quarter, hitting the consensus estimate of $0.62. UL Solutions had a return on equity of 26.65% and a net margin of 16.07%. The business had revenue of $823.00 million during the quarter, compared to the consensus estimate of $815.72 million. During the same period in the prior year, the company posted $0.56 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Research analysts expect that UL Solutions Inc. will post 2.09 earnings per share for the current fiscal year.

UL Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 31st were given a dividend of $0.1450 per share. The ex-dividend date was Monday, August 31st. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.8%. UL Solutions’s dividend payout ratio is currently 23.11%.

UL Solutions Profile

UL Solutions Inc (NYSE: ULS) is a global applied safety science company that provides testing, inspection, certification, and advisory services. The company helps manufacturers, retailers, regulators, and other organizations evaluate the safety, security, performance, quality, and sustainability of products, facilities, and systems.

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