Conestoga Capital Advisors LLC Sells 140,325 Shares of UL Solutions Inc. $ULS

Conestoga Capital Advisors LLC trimmed its position in UL Solutions Inc. (NYSE:ULS) by 17.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 679,048 shares of the company’s stock after selling 140,325 shares during the period. UL Solutions comprises 1.4% of Conestoga Capital Advisors LLC’s investment portfolio, making the stock its 28th biggest position. Conestoga Capital Advisors LLC’s holdings in UL Solutions were worth $44,559,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ULS. Bessemer Group Inc. grew its holdings in shares of UL Solutions by 2.0% in the first quarter. Bessemer Group Inc. now owns 2,265,772 shares of the company’s stock valued at $194,199,000 after acquiring an additional 44,103 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in UL Solutions by 12.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,744,523 shares of the company’s stock valued at $147,534,000 after acquiring an additional 193,610 shares during the last quarter. International Assets Investment Management LLC lifted its stake in UL Solutions by 40,069.7% in the third quarter. International Assets Investment Management LLC now owns 1,610,000 shares of the company’s stock valued at $105,648,000 after purchasing an additional 1,605,992 shares during the last quarter. Reynders McVeigh Capital Management LLC raised its stake in shares of UL Solutions by 3.8% in the second quarter. Reynders McVeigh Capital Management LLC now owns 608,136 shares of the company’s stock valued at $61,945,000 after buying an additional 22,028 shares during the period. Finally, Ranger Investment Management L.P. purchased a new stake in UL Solutions in the 2nd quarter worth about $42,598,000.

UL Solutions Price Performance

UL Solutions stock opened at $79.73 on Thursday. UL Solutions Inc. has a 52 week low of $63.17 and a 52 week high of $107.54. The business has a 50-day simple moving average of $70.93 and a 200 day simple moving average of $82.50. The company has a quick ratio of 1.42, a current ratio of 2.09 and a debt-to-equity ratio of 0.44. The stock has a market cap of $16.10 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 3.33 and a beta of 0.62.

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

UL Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 31st were given a $0.1450 dividend. This represents a $0.58 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, August 31st. UL Solutions’s dividend payout ratio is 23.48%.

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 that occurred on Monday, November 2nd. The shares were sold at an average price of $75.03, for a total value of $937,875.00. Following the transaction, the chief executive officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 37,500 shares of company stock valued at $2,734,625 in the last quarter. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ULS shares. The Goldman Sachs Group set a $86.00 price objective on UL Solutions in a research note on Wednesday, August 5th. Wells Fargo & Company lifted their target price on UL Solutions from $104.00 to $105.00 and gave the company an “overweight” rating in a report on Wednesday. UBS Group upped their price target on UL Solutions from $96.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, October 12th. Wall Street Zen downgraded shares of UL Solutions from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Weiss Ratings lowered shares of UL Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, September 21st. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.84.

UL Solutions News Roundup

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

• Positive Sentiment: Q3 revenue rose 5.1% year over year to $823 million, topping estimates of about $816 million. EPS was $0.62, up from $0.56 a year earlier and in line with the $0.62 consensus cited in one report. Coverage also highlighted stronger margins, certification demand and raised guidance. Q3 earnings report
• Positive Sentiment: Wells Fargo raised its price target to $105 and maintained an Overweight rating, signaling substantial potential upside in its view. Wells Fargo recommendations
• Neutral Sentiment: Citigroup lowered its target to $81.40 and kept a Neutral rating, reflecting a more cautious view of near-term upside. Citigroup recommendations
• Negative Sentiment: CEO Jennifer Scanlon sold 12,500 shares for about $938,000, reducing her direct stake by 9.86%. Insider sales can weigh on sentiment, though the filing alone does not explain the reason for the sale. SEC Form 4 filing
• Negative Sentiment: A valuation-focused analysis argued ULS could be trading above fair value, which may limit enthusiasm even after the quarterly performance. UL Solutions valuation analysis

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.