Lisanti Capital Growth LLC Makes New Investment in UL Solutions Inc. (NYSE:ULS)

Lisanti Capital Growth LLC bought a new stake in shares of UL Solutions Inc. (NYSE:ULS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 113,615 shares of the company’s stock, valued at approximately $4,793,000. Lisanti Capital Growth LLC owned 0.06% of UL Solutions as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ULS. TFC Financial Management Inc. purchased a new position in UL Solutions during the second quarter valued at $88,000. Bellecapital International Ltd. acquired a new stake in UL Solutions in the 2nd quarter worth about $208,000. Legato Capital Management LLC purchased a new stake in UL Solutions during the 2nd quarter worth approximately $534,000. Bank of New York Mellon Corp acquired a new position in shares of UL Solutions during the second quarter valued at approximately $586,000. Finally, Hall Laurie J Trustee purchased a new position in shares of UL Solutions in the second quarter valued at approximately $2,066,000.

UL Solutions Stock Performance

Shares of NYSE:ULS traded down $0.48 during mid-day trading on Friday, reaching $54.54. 803,431 shares of the company were exchanged, compared to its average volume of 319,799. UL Solutions Inc. has a 1 year low of $33.15 and a 1 year high of $56.28. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.29 and a current ratio of 1.29. The company has a 50-day moving average price of $47.48.

UL Solutions (NYSE:ULS) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. The company had revenue of $730.00 million for the quarter, compared to analysts’ expectations of $718.73 million. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities research analysts forecast that UL Solutions Inc. will post 1.49 EPS for the current year.

UL Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 9th. Investors of record on Friday, August 30th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.50 annualized dividend and a yield of 0.92%.

Analysts Set New Price Targets

Several brokerages recently commented on ULS. Bank of America initiated coverage on UL Solutions in a research report on Tuesday, May 7th. They set a “buy” rating and a $42.00 price target for the company. UBS Group initiated coverage on shares of UL Solutions in a research note on Tuesday, May 7th. They issued a “neutral” rating and a $38.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of UL Solutions from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. William Blair initiated coverage on UL Solutions in a report on Tuesday, May 7th. They set an “outperform” rating on the stock. Finally, Stifel Nicolaus began coverage on UL Solutions in a research note on Tuesday, May 7th. They issued a “buy” rating and a $40.00 target price for the company. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.90.

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.