Oribel Capital Management LP Sells 404,600 Shares of UL Solutions Inc. (NYSE:ULS)

Oribel Capital Management LP cut its holdings in UL Solutions Inc. (NYSE:ULS) by 86.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,500 shares of the company’s stock after selling 404,600 shares during the quarter. Oribel Capital Management LP’s holdings in UL Solutions were worth $3,167,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ULS. PNC Financial Services Group Inc. grew its stake in shares of UL Solutions by 653.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock worth $33,000 after buying an additional 582 shares in the last quarter. Northwest & Ethical Investments L.P. grew its position in UL Solutions by 23.5% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company’s stock worth $105,000 after acquiring an additional 400 shares in the last quarter. KBC Group NV bought a new stake in UL Solutions during the fourth quarter worth approximately $163,000. Signature Estate & Investment Advisors LLC purchased a new stake in UL Solutions during the fourth quarter valued at approximately $201,000. Finally, Sanctuary Advisors LLC purchased a new stake in UL Solutions during the fourth quarter valued at approximately $221,000.

Insider Transactions at UL Solutions

In related news, EVP Alberto Uggetti sold 1,938 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $53.00, for a total value of $102,714.00. Following the completion of the sale, the executive vice president now directly owns 9,285 shares of the company’s stock, valued at $492,105. This represents a 17.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

UL Solutions Trading Down 5.2 %

ULS stock opened at $54.41 on Friday. The company has a market capitalization of $10.89 billion and a PE ratio of 33.59. 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 Inc. has a 12 month low of $33.15 and a 12 month high of $59.23. The firm’s 50-day moving average is $54.05 and its 200 day moving average is $52.35.

UL Solutions (NYSE:ULS) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.11. The firm had revenue of $739.00 million during the quarter, compared to the consensus estimate of $726.54 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. On average, research analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current year.

UL Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 28th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.96%. This is a boost from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, February 28th. UL Solutions’s dividend payout ratio is currently 32.10%.

Analyst Ratings Changes

A number of brokerages have recently commented on ULS. The Goldman Sachs Group lifted their target price on UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. JPMorgan Chase & Co. lifted their price objective on shares of UL Solutions from $55.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Citigroup increased their target price on shares of UL Solutions from $60.00 to $60.50 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, UL Solutions currently has an average rating of “Moderate Buy” and an average target price of $51.45.

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.