Ranger Investment Management L.P. Increases Holdings in UL Solutions Inc. $ULS

Ranger Investment Management L.P. lifted its holdings in shares of UL Solutions Inc. (NYSE:ULS) by 54.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 424,895 shares of the company’s stock after purchasing an additional 150,020 shares during the period. UL Solutions comprises approximately 2.2% of Ranger Investment Management L.P.’s investment portfolio, making the stock its 16th largest holding. Ranger Investment Management L.P. owned 0.21% of UL Solutions worth $30,958,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ULS. Cresset Asset Management LLC raised its position in UL Solutions by 4.0% in the second quarter. Cresset Asset Management LLC now owns 4,174 shares of the company’s stock worth $304,000 after acquiring an additional 159 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of UL Solutions by 28.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 731 shares of the company’s stock worth $53,000 after purchasing an additional 161 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of UL Solutions by 48.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 524 shares of the company’s stock worth $38,000 after purchasing an additional 171 shares during the period. KLP Kapitalforvaltning AS lifted its stake in UL Solutions by 1.2% in the second quarter. KLP Kapitalforvaltning AS now owns 17,100 shares of the company’s stock valued at $1,246,000 after purchasing an additional 200 shares during the last quarter. Finally, Hall Laurie J Trustee grew its holdings in UL Solutions by 0.6% during the second quarter. Hall Laurie J Trustee now owns 56,405 shares of the company’s stock valued at $4,110,000 after purchasing an additional 350 shares during the period.

UL Solutions Stock Performance

NYSE:ULS opened at $77.68 on Friday. The business’s fifty day moving average is $81.40 and its 200 day moving average is $73.36. The firm has a market cap of $15.60 billion, a price-to-earnings ratio of 46.51 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.33 and a current ratio of 1.33. UL Solutions Inc. has a 52-week low of $48.54 and a 52-week high of $91.95.

UL Solutions (NYSE:ULS) last posted its earnings results on Tuesday, November 4th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.09. UL Solutions had a return on equity of 34.49% and a net margin of 11.29%.The business had revenue of $783.00 million during the quarter, compared to analyst estimates of $769.01 million. During the same quarter in the previous year, the firm earned $0.49 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Research analysts predict that UL Solutions Inc. will post 1.69 EPS for the current year.

UL Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Friday, November 28th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, November 28th. UL Solutions’s dividend payout ratio is 31.14%.

Analyst Ratings Changes

ULS has been the subject of a number of recent research reports. UBS Group raised their target price on UL Solutions from $75.00 to $96.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. The Goldman Sachs Group increased their price target on UL Solutions from $69.00 to $79.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Weiss Ratings restated a “buy (b-)” rating on shares of UL Solutions in a research note on Monday, December 8th. Wells Fargo & Company upped their price objective on shares of UL Solutions from $77.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $84.00 target price (up previously from $70.00) on shares of UL Solutions in a research report on Wednesday, November 5th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $81.71.

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.