Gabelli Funds LLC purchased a new position in UL Solutions Inc. (NYSE:ULS – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 79,500 shares of the company’s stock, valued at approximately $3,354,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Symmetry Investments LP purchased a new stake in shares of UL Solutions in the 2nd quarter worth approximately $274,000. Sei Investments Co. purchased a new stake in UL Solutions during the 2nd quarter valued at $4,185,000. XTX Topco Ltd purchased a new stake in UL Solutions during the 2nd quarter valued at $283,000. AltraVue Capital LLC purchased a new stake in UL Solutions during the 2nd quarter valued at $35,050,000. Finally, Seven Eight Capital LP purchased a new stake in UL Solutions during the 2nd quarter valued at $1,179,000.

Analysts Set New Price Targets

Several analysts have commented on the company. Robert W. Baird increased their target price on UL Solutions from $46.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Baird R W downgraded UL Solutions from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 12th. Wells Fargo & Company increased their target price on UL Solutions from $43.00 to $56.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group increased their price target on UL Solutions from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, UL Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.90.

Check Out Our Latest Stock Report on UL Solutions

UL Solutions Stock Up 0.0 %

Shares of UL Solutions stock opened at $49.30 on Wednesday. UL Solutions Inc. has a one year low of $33.15 and a one year high of $56.28. The business has a fifty day moving average of $49.89. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.00.

UL Solutions (NYSE:ULS – Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.38 by $0.06. The business had revenue of $730.00 million during the quarter, compared to analysts’ expectations of $718.73 million. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. On average, equities analysts expect that UL Solutions Inc. will post 1.46 earnings per share for the current fiscal year.

UL Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 30th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.50 annualized dividend and a dividend yield of 1.01%.

UL Solutions Profile

(Free Report)

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.

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