UL Solutions Inc. (NYSE:ULS) Stock Position Raised by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC raised its stake in UL Solutions Inc. (NYSE:ULS) by 2.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 708,513 shares of the company’s stock after acquiring an additional 15,722 shares during the period. Conestoga Capital Advisors LLC owned 0.35% of UL Solutions worth $34,930,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new stake in shares of UL Solutions in the 2nd quarter worth about $29,000. Sunbelt Securities Inc. bought a new position in UL Solutions in the 2nd quarter worth approximately $72,000. Daiwa Securities Group Inc. acquired a new stake in UL Solutions in the 2nd quarter valued at approximately $84,000. TFC Financial Management Inc. bought a new stake in UL Solutions during the 2nd quarter valued at $88,000. Finally, Bellecapital International Ltd. acquired a new position in UL Solutions during the 2nd quarter worth $208,000.

Analyst Ratings Changes

Several equities research analysts recently commented on ULS shares. Robert W. Baird boosted their target price on UL Solutions from $46.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Citigroup initiated coverage on UL Solutions in a research note on Monday, October 7th. They set a “buy” rating and a $60.00 target price for the company. The Goldman Sachs Group boosted their price target on shares of UL Solutions from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Baird R W lowered shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. Finally, Wells Fargo & Company lifted their target price on UL Solutions from $43.00 to $56.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $45.80.

UL Solutions Stock Up 0.8 %

ULS traded up $0.41 on Friday, reaching $52.37. 51,279 shares of the company traded hands, compared to its average volume of 733,167. 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 stock’s 50 day moving average price is $51.42 and its 200-day moving average price is $45.17. UL Solutions Inc. has a 52-week low of $33.15 and a 52-week high of $56.28.

UL Solutions (NYSE:ULS) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $718.73 million. The firm’s revenue was up 6.0% compared to the same quarter last year. As a group, analysts anticipate that UL Solutions Inc. will post 1.48 EPS for the current fiscal year.

UL Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 30th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, August 30th.

Insider Transactions at UL Solutions

In other news, major shareholder Ulse Inc. sold 3,000,000 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $49.00, for a total transaction of $147,000,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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.