UL Solutions Inc. (NYSE:ULS) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in shares of UL Solutions Inc. (NYSE:ULS) by 7.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,573,695 shares of the company’s stock after acquiring an additional 401,492 shares during the period. Vanguard Group Inc. owned 2.79% of UL Solutions worth $278,016,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in UL Solutions by 29.3% during the third quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock worth $222,658,000 after purchasing an additional 1,022,851 shares in the last quarter. Soros Fund Management LLC raised its stake in UL Solutions by 127.4% during the 3rd quarter. Soros Fund Management LLC now owns 1,137,077 shares of the company’s stock worth $56,058,000 after acquiring an additional 637,077 shares in the last quarter. Zimmer Partners LP lifted its position in UL Solutions by 136.7% in the third quarter. Zimmer Partners LP now owns 710,000 shares of the company’s stock valued at $35,003,000 after acquiring an additional 410,000 shares during the last quarter. Geode Capital Management LLC boosted its stake in UL Solutions by 55.2% in the third quarter. Geode Capital Management LLC now owns 600,936 shares of the company’s stock valued at $29,639,000 after acquiring an additional 213,635 shares in the last quarter. Finally, Burkehill Global Management LP purchased a new position in shares of UL Solutions during the fourth quarter worth about $24,940,000.

Insider Transactions at UL Solutions

In related news, EVP Alberto Uggetti sold 1,938 shares of UL Solutions stock in a transaction that occurred 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 sale, the executive vice president now directly owns 9,285 shares in the company, valued at $492,105. The trade was a 17.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

UL Solutions Price Performance

Shares of NYSE ULS opened at $54.41 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market cap of $10.89 billion and a PE ratio of 33.59. The stock has a fifty day moving average price of $54.05 and a 200 day moving average price of $52.33. UL Solutions Inc. has a 1-year low of $33.15 and a 1-year high of $59.23.

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

UL Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 28th were given a dividend of $0.13 per share. This is a boost from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 0.96%. UL Solutions’s payout ratio is presently 32.10%.

Analyst Upgrades and Downgrades

ULS has been the subject of several research reports. JPMorgan Chase & Co. boosted their target price on UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Citigroup boosted 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. Finally, The Goldman Sachs Group raised their target price on shares of UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Four investment 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 stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.45.

UL Solutions Company 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.