Jones Financial Companies Lllp Sells 200 Shares of UL Solutions Inc. (NYSE:ULS)

Jones Financial Companies Lllp decreased its stake in UL Solutions Inc. (NYSE:ULS) by 19.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 855 shares of the company’s stock after selling 200 shares during the period. Jones Financial Companies Lllp’s holdings in UL Solutions were worth $43,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of UL Solutions by 29.3% in the third quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock valued at $222,658,000 after buying an additional 1,022,851 shares in the last quarter. Soros Fund Management LLC raised its position in UL Solutions by 127.4% during the third quarter. Soros Fund Management LLC now owns 1,137,077 shares of the company’s stock valued at $56,058,000 after purchasing an additional 637,077 shares in the last quarter. Port Capital LLC acquired a new position in UL Solutions during the third quarter valued at approximately $25,675,000. Zimmer Partners LP raised its position in UL Solutions by 136.7% during the third quarter. Zimmer Partners LP now owns 710,000 shares of the company’s stock valued at $35,003,000 after purchasing an additional 410,000 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of UL Solutions by 133.3% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 700,000 shares of the company’s stock worth $34,510,000 after buying an additional 400,000 shares during the last quarter.

Analysts Set New Price Targets

A number of research firms have weighed in on ULS. The Goldman Sachs Group boosted their target price on shares of UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. boosted their price objective on shares of UL Solutions from $55.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Citigroup boosted their price objective on shares of UL Solutions from $60.00 to $60.50 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.45.

Insider Activity

In other UL Solutions news, EVP Alberto Uggetti sold 1,938 shares of UL Solutions stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.00, for a total value of $102,714.00. Following the completion of the sale, the executive vice president now owns 9,285 shares of the company’s stock, valued at approximately $492,105. This trade represents a 17.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

UL Solutions Price Performance

ULS opened at $53.19 on Wednesday. The stock’s 50 day simple moving average is $53.07 and its 200 day simple moving average is $51.89. 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 Inc. has a 1 year low of $33.15 and a 1 year high of $59.23. The firm has a market cap of $10.65 billion and a price-to-earnings ratio of 32.83.

UL Solutions (NYSE:ULS) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.11. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The business had revenue of $739.00 million for the quarter, compared to analyst estimates of $726.54 million. As a group, analysts predict that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 28th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date was Friday, February 28th. This is a boost from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s dividend payout ratio (DPR) is presently 32.10%.

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.