Entropy Technologies LP Invests $1.20 Million in UL Solutions Inc. (NYSE:ULS)

Entropy Technologies LP acquired a new stake in shares of UL Solutions Inc. (NYSE:ULS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 24,091 shares of the company’s stock, valued at approximately $1,202,000.

A number of other large investors have also added to or reduced their stakes in ULS. Renaissance Capital LLC grew its stake in shares of UL Solutions by 108.5% in the fourth quarter. Renaissance Capital LLC now owns 87,609 shares of the company’s stock worth $4,370,000 after acquiring an additional 45,595 shares during the last quarter. KBC Group NV purchased a new stake in UL Solutions during the 4th quarter valued at about $163,000. AEGON ASSET MANAGEMENT UK Plc increased its stake in UL Solutions by 20.7% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 235,501 shares of the company’s stock valued at $11,726,000 after purchasing an additional 40,396 shares in the last quarter. Hall Laurie J Trustee increased its stake in UL Solutions by 10.3% during the 4th quarter. Hall Laurie J Trustee now owns 54,050 shares of the company’s stock valued at $2,696,000 after purchasing an additional 5,040 shares in the last quarter. Finally, Baker Chad R raised its holdings in UL Solutions by 91.0% in the fourth quarter. Baker Chad R now owns 112,300 shares of the company’s stock worth $5,602,000 after buying an additional 53,500 shares during the last quarter.

Insider Activity at UL Solutions

In other news, insider Gitte Schjotz sold 5,941 shares of UL Solutions stock in a transaction on Monday, December 9th. The shares were sold at an average price of $52.58, for a total transaction of $312,377.78. Following the transaction, the insider now owns 69,191 shares in the company, valued at $3,638,062.78. This trade represents a 7.91 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ULS shares. Wells Fargo & Company raised their price target on shares of UL Solutions from $56.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group lifted their target price on UL Solutions from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. UBS Group upped their price target on UL Solutions from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Robert W. Baird increased their price objective on UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.00.

UL Solutions Price Performance

Shares of NYSE:ULS opened at $54.66 on Tuesday. The stock’s 50-day simple moving average is $51.78 and its two-hundred day simple moving average is $51.45. UL Solutions Inc. has a 52-week low of $33.15 and a 52-week high of $59.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31.

UL Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, November 29th.

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.