Thrivent Financial for Lutherans Takes Position in UL Solutions Inc. (NYSE:ULS)

Thrivent Financial for Lutherans purchased a new position in UL Solutions Inc. (NYSE:ULS) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 13,582 shares of the company’s stock, valued at approximately $677,000.

A number of other large investors also recently modified their holdings of ULS. JPMorgan Chase & Co. boosted its stake in shares of UL Solutions by 29.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock valued at $222,658,000 after purchasing an additional 1,022,851 shares in the last quarter. Soros Fund Management LLC lifted its position in UL Solutions by 127.4% in the 3rd quarter. Soros Fund Management LLC now owns 1,137,077 shares of the company’s stock valued at $56,058,000 after acquiring an additional 637,077 shares in the last quarter. Port Capital LLC bought a new position in UL Solutions during the third quarter valued at approximately $25,675,000. Burkehill Global Management LP purchased a new position in shares of UL Solutions in the fourth quarter worth approximately $24,940,000. Finally, Zimmer Partners LP lifted its position in shares of UL Solutions by 136.7% during the 3rd quarter. Zimmer Partners LP now owns 710,000 shares of the company’s stock valued at $35,003,000 after buying an additional 410,000 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

UL Solutions Stock Down 1.3 %

UL Solutions stock opened at $57.10 on Thursday. The company has a 50 day moving average of $53.95 and a 200-day moving average of $52.25. The stock has a market capitalization of $11.43 billion and a PE ratio of 35.25. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. UL Solutions Inc. has a twelve month low of $33.15 and a twelve month high of $59.23.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data 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. The firm had revenue of $739.00 million during the quarter, compared to the consensus estimate of $726.54 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. On average, equities research analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.91%. 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%.

Insider Activity at UL Solutions

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

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.