Blair William & Co. IL Takes $12.67 Million Position in UL Solutions Inc. (NYSE:ULS)

Blair William & Co. IL acquired a new stake in UL Solutions Inc. (NYSE:ULS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 300,366 shares of the company’s stock, valued at approximately $12,672,000. Blair William & Co. IL owned approximately 0.15% of UL Solutions as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Daiwa Securities Group Inc. acquired a new stake in UL Solutions in the 2nd quarter valued at about $84,000. TFC Financial Management Inc. purchased a new stake in shares of UL Solutions in the second quarter valued at about $88,000. Bellecapital International Ltd. acquired a new stake in UL Solutions during the second quarter worth about $208,000. Victory Capital Management Inc. purchased a new position in UL Solutions during the second quarter worth about $208,000. Finally, Levin Capital Strategies L.P. acquired a new position in UL Solutions in the 2nd quarter valued at about $295,000.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Robert W. Baird raised their price target on shares of UL Solutions from $46.00 to $53.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Wells Fargo & Company upped their price target on UL Solutions from $43.00 to $56.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. The Goldman Sachs Group increased their price target on UL Solutions from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, Baird R W lowered shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, July 12th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, UL Solutions has an average rating of “Moderate Buy” and an average target price of $43.90.

UL Solutions Stock Up 0.8 %

NYSE ULS opened at $49.78 on Friday. UL Solutions Inc. has a 1-year low of $33.15 and a 1-year high of $56.28. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a 50-day moving average price of $49.61.

UL Solutions (NYSE:ULS) last announced its earnings results on Wednesday, July 31st. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.06. The business had revenue of $730.00 million for the quarter, compared to analysts’ expectations of $718.73 million. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts forecast that UL Solutions Inc. will post 1.46 EPS for the current year.

UL Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 30th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Friday, August 30th.

About UL Solutions

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.