Conestoga Capital Advisors LLC Trims Stock Position in UL Solutions Inc. (NYSE:ULS)

Conestoga Capital Advisors LLC cut its holdings in UL Solutions Inc. (NYSE:ULS) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 705,935 shares of the company’s stock after selling 2,578 shares during the quarter. Conestoga Capital Advisors LLC owned 0.35% of UL Solutions worth $35,212,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in ULS. Stone House Investment Management LLC acquired a new stake in UL Solutions during the third quarter worth about $25,000. Northwest & Ethical Investments L.P. bought a new stake in shares of UL Solutions during the 3rd quarter worth $84,000. KBC Group NV acquired a new stake in UL Solutions during the fourth quarter worth about $163,000. Phillips Wealth Planners LLC bought a new position in shares of UL Solutions in the third quarter worth about $218,000. Finally, WoodTrust Financial Corp acquired a new stake in shares of UL Solutions during the third quarter worth $228,000.

UL Solutions Stock Down 2.6 %

NYSE ULS opened at $53.53 on Monday. UL Solutions Inc. has a 52 week low of $33.15 and a 52 week high of $59.23. The stock has a fifty day moving average of $51.77 and a 200-day moving average of $51.10. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.10. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. The company had revenue of $731.00 million during the quarter, compared to analysts’ expectations of $709.41 million. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts forecast that UL Solutions Inc. will post 1.53 EPS for the current year.

UL Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, November 29th.

Insiders Place Their Bets

In related news, insider Gitte Schjotz sold 5,941 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $52.58, for a total transaction of $312,377.78. Following the completion of the transaction, the insider now owns 69,191 shares of the company’s stock, valued at approximately $3,638,062.78. The trade was a 7.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Ratings Changes

A number of brokerages have recently commented on ULS. Robert W. Baird lifted their price objective on shares of UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group lifted their price target on shares of UL Solutions from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Wells Fargo & Company increased their target price on shares of UL Solutions from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Citigroup initiated coverage on shares of UL Solutions in a research note on Monday, October 7th. They set a “buy” rating and a $60.00 target price on the stock. Finally, UBS Group boosted their price target on shares of UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, UL Solutions presently has an average rating of “Moderate Buy” and an average price target of $49.00.

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.