Legato Capital Management LLC acquired a new position in shares of UL Solutions Inc. (NYSE:ULS – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 12,650 shares of the company’s stock, valued at approximately $534,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. TFC Financial Management Inc. acquired a new stake in UL Solutions in the second quarter valued at $88,000. Bellecapital International Ltd. acquired a new stake in shares of UL Solutions during the second quarter valued at $208,000. Bank of New York Mellon Corp acquired a new stake in shares of UL Solutions during the second quarter valued at $586,000. Hall Laurie J Trustee acquired a new stake in shares of UL Solutions during the second quarter valued at $2,066,000. Finally, Raymond James & Associates acquired a new stake in shares of UL Solutions during the second quarter valued at $9,089,000.
UL Solutions Trading Down 0.3 %
ULS stock opened at $54.82 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.00. UL Solutions Inc. has a 1 year low of $33.15 and a 1 year high of $56.28. The company has a 50-day moving average of $46.69.
UL Solutions Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 9th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, August 30th. This represents a $0.50 dividend on an annualized basis and a yield of 0.91%.
Analyst Upgrades and Downgrades
A number of analysts recently commented on ULS shares. William Blair started coverage on UL Solutions in a research note on Tuesday, May 7th. They set an “outperform” rating on the stock. UBS Group started coverage on UL Solutions in a research note on Tuesday, May 7th. They set a “neutral” rating and a $38.00 price objective on the stock. Robert W. Baird increased their price objective on UL Solutions from $46.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Bank of America assumed coverage on UL Solutions in a research note on Tuesday, May 7th. They set a “buy” rating and a $42.00 price objective on the stock. Finally, The Goldman Sachs Group increased their target price on UL Solutions from $40.00 to $45.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.90.
View Our Latest Analysis on ULS
UL Solutions Company 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.
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