Stifel Financial Corp Has $1.50 Million Holdings in UL Solutions Inc. (NYSE:ULS)

Stifel Financial Corp grew its position in shares of UL Solutions Inc. (NYSE:ULS) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,500 shares of the company’s stock after buying an additional 485 shares during the quarter. Stifel Financial Corp’s holdings in UL Solutions were worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in ULS. FMR LLC lifted its stake in UL Solutions by 6.9% in the third quarter. FMR LLC now owns 3,565,238 shares of the company’s stock valued at $175,766,000 after acquiring an additional 230,886 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in UL Solutions in the second quarter worth $96,262,000. American Century Companies Inc. acquired a new position in UL Solutions during the second quarter worth $68,832,000. AltraVue Capital LLC bought a new position in UL Solutions during the second quarter valued at about $35,050,000. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of UL Solutions by 19.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 756,505 shares of the company’s stock worth $36,805,000 after buying an additional 122,975 shares during the last quarter.

Insider Transactions at UL Solutions

In other UL Solutions news, insider Gitte Schjotz sold 5,941 shares of UL Solutions stock in a transaction on Monday, December 9th. The stock was sold at an average price of $52.58, for a total transaction of $312,377.78. Following the completion of the transaction, the insider now directly owns 69,191 shares of the company’s stock, valued at approximately $3,638,062.78. This trade represents a 7.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Ulse Inc. sold 3,000,000 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $49.00, for a total transaction of $147,000,000.00. The disclosure for this sale can be found here.

Analyst Ratings Changes

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

UL Solutions Stock Performance

NYSE ULS opened at $50.89 on Friday. UL Solutions Inc. has a twelve month low of $33.15 and a twelve month high of $59.23. The firm has a 50-day simple moving average of $52.27 and a 200 day simple moving average of $49.05. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.10. The company had revenue of $731.00 million for the quarter, compared to analyst estimates of $709.41 million. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. The company’s revenue was up 8.1% compared to the same quarter last year. As a group, research analysts forecast that UL Solutions Inc. will post 1.53 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, November 29th.

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.