UL Solutions Inc. $ULS Shares Purchased by Candriam S.C.A.

Candriam S.C.A. lifted its position in UL Solutions Inc. (NYSE:ULS) by 99.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 108,079 shares of the company’s stock after purchasing an additional 53,856 shares during the quarter. Candriam S.C.A.’s holdings in UL Solutions were worth $7,658,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. TD Private Client Wealth LLC acquired a new stake in shares of UL Solutions during the 3rd quarter worth approximately $1,681,000. Allspring Global Investments Holdings LLC purchased a new position in UL Solutions in the third quarter worth approximately $97,803,000. Rakuten Investment Management Inc. purchased a new position in UL Solutions in the third quarter worth approximately $1,436,000. Voya Investment Management LLC acquired a new stake in UL Solutions during the third quarter worth $24,627,000. Finally, Elo Mutual Pension Insurance Co raised its position in UL Solutions by 26.4% in the second quarter. Elo Mutual Pension Insurance Co now owns 13,823 shares of the company’s stock valued at $1,007,000 after purchasing an additional 2,884 shares during the period.

Wall Street Analysts Forecast Growth

ULS has been the subject of a number of research analyst reports. Zacks Research cut UL Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of UL Solutions in a research note on Monday, December 29th. The Goldman Sachs Group lifted their price target on shares of UL Solutions from $69.00 to $79.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. UBS Group decreased their price objective on shares of UL Solutions from $96.00 to $85.00 and set a “neutral” rating on the stock in a report on Tuesday, January 20th. Finally, Robert W. Baird set a $97.00 price objective on shares of UL Solutions and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.57.

UL Solutions Stock Up 1.5%

Shares of NYSE:ULS opened at $73.30 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.45. UL Solutions Inc. has a fifty-two week low of $49.34 and a fifty-two week high of $91.95. The stock has a market cap of $14.73 billion, a price-to-earnings ratio of 43.89 and a beta of 1.11. The firm’s 50 day moving average price is $76.76 and its 200 day moving average price is $75.02.

UL Solutions Company Profile

UL Solutions (NYSE: ULS) is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters’ Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.

The company’s core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.