35,793 Shares in UL Solutions Inc. $ULS Purchased by Atria Investments Inc

Atria Investments Inc purchased a new stake in UL Solutions Inc. (NYSE:ULS) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,793 shares of the company’s stock, valued at approximately $2,536,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cibc World Market Inc. acquired a new stake in shares of UL Solutions during the third quarter worth approximately $306,000. Candriam S.C.A. boosted its stake in UL Solutions by 99.3% during the 3rd quarter. Candriam S.C.A. now owns 108,079 shares of the company’s stock valued at $7,658,000 after acquiring an additional 53,856 shares during the last quarter. Bessemer Group Inc. increased its position in shares of UL Solutions by 13.8% in the 3rd quarter. Bessemer Group Inc. now owns 2,151,390 shares of the company’s stock worth $152,448,000 after purchasing an additional 261,603 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of UL Solutions by 405.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 593,484 shares of the company’s stock valued at $42,054,000 after purchasing an additional 476,121 shares in the last quarter. Finally, AGF Management Ltd. lifted its position in shares of UL Solutions by 22.6% during the third quarter. AGF Management Ltd. now owns 51,837 shares of the company’s stock worth $3,673,000 after purchasing an additional 9,559 shares during the last quarter.

UL Solutions Price Performance

NYSE ULS opened at $70.00 on Tuesday. The company has a 50-day moving average price of $76.18 and a two-hundred day moving average price of $74.97. UL Solutions Inc. has a 52 week low of $49.34 and a 52 week high of $91.95. The stock has a market cap of $14.06 billion, a price-to-earnings ratio of 41.91 and a beta of 1.12. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.45.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of UL Solutions in a report on Monday, December 29th. UBS Group lowered their price target on UL Solutions from $96.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, January 20th. Robert W. Baird set a $97.00 price objective on UL Solutions and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $84.00 price objective (up previously from $70.00) on shares of UL Solutions in a report on Wednesday, November 5th. Finally, Wells Fargo & Company increased their target price on shares of UL Solutions from $77.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.57.

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.