UL Solutions Inc. (NYSE:ULS) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. increased its position in shares of UL Solutions Inc. (NYSE:ULS) by 377.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,540 shares of the company’s stock after buying an additional 18,606 shares during the period. Victory Capital Management Inc.’s holdings in UL Solutions were worth $1,161,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC purchased a new stake in shares of UL Solutions during the second quarter worth about $29,000. Sunbelt Securities Inc. purchased a new stake in UL Solutions during the 2nd quarter worth approximately $72,000. Daiwa Securities Group Inc. acquired a new position in shares of UL Solutions in the 2nd quarter valued at approximately $84,000. TFC Financial Management Inc. purchased a new position in shares of UL Solutions during the 2nd quarter valued at approximately $88,000. Finally, Phillips Wealth Planners LLC acquired a new stake in shares of UL Solutions during the third quarter worth approximately $218,000.

UL Solutions Stock Performance

Shares of NYSE:ULS opened at $54.35 on Wednesday. The firm’s 50 day moving average is $51.37 and its two-hundred day moving average is $47.33. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. UL Solutions Inc. has a 52 week low of $33.15 and a 52 week high of $59.23.

UL Solutions (NYSE:ULS) last released its earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.39 by $0.10. The firm had revenue of $731.00 million for the quarter, compared to analysts’ expectations of $709.41 million. UL Solutions had a net margin of 10.76% and a return on equity of 40.88%. The business’s revenue was up 8.1% on a year-over-year basis. As a group, analysts expect that UL Solutions Inc. will post 1.53 EPS for the current fiscal year.

UL Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Friday, November 29th.

Analyst Ratings Changes

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

Insider Activity

In other UL Solutions news, major shareholder Ulse Inc. sold 3,000,000 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $49.00, for a total value of $147,000,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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.