31,500 Shares in UL Solutions Inc. $ULS Purchased by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. purchased a new stake in shares of UL Solutions Inc. (NYSE:ULS) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 31,500 shares of the company’s stock, valued at approximately $2,484,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Strs Ohio lifted its position in shares of UL Solutions by 27.1% during the 4th quarter. Strs Ohio now owns 41,700 shares of the company’s stock valued at $3,288,000 after acquiring an additional 8,900 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of UL Solutions during the 4th quarter valued at approximately $1,877,000. Vest Financial LLC lifted its position in shares of UL Solutions by 38.0% during the 4th quarter. Vest Financial LLC now owns 87,608 shares of the company’s stock valued at $6,909,000 after acquiring an additional 24,143 shares during the period. Comerica Bank lifted its position in shares of UL Solutions by 18.7% during the 4th quarter. Comerica Bank now owns 124,164 shares of the company’s stock valued at $9,792,000 after acquiring an additional 19,530 shares during the period. Finally, Pictet Asset Management Holding SA lifted its position in shares of UL Solutions by 37.3% during the 4th quarter. Pictet Asset Management Holding SA now owns 11,152 shares of the company’s stock valued at $879,000 after acquiring an additional 3,032 shares during the period.

UL Solutions Trading Up 1.3%

Shares of ULS opened at $91.65 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a 50 day simple moving average of $85.22 and a 200-day simple moving average of $81.22. UL Solutions Inc. has a 1-year low of $58.78 and a 1-year high of $94.04. The stock has a market cap of $18.42 billion, a price-to-earnings ratio of 57.64, a price-to-earnings-growth ratio of 3.70 and a beta of 0.59.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. UL Solutions had a net margin of 10.61% and a return on equity of 31.62%. The business had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $782.37 million. During the same period last year, the company posted $0.49 EPS. The company’s revenue was up 6.8% on a year-over-year basis. Equities analysts forecast that UL Solutions Inc. will post 2.02 EPS for the current fiscal year.

UL Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.145 per share. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.6%. UL Solutions’s dividend payout ratio is 36.48%.

Insider Buying and Selling at UL Solutions

In other news, CEO Jennifer F. Scanlon sold 12,500 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $91.57, for a total transaction of $1,144,625.00. Following the completion of the transaction, the chief executive officer directly owned 188,274 shares of the company’s stock, valued at $17,240,250.18. This trade represents a 6.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Citigroup reduced their price target on shares of UL Solutions from $88.10 to $87.80 and set a “neutral” rating for the company in a research report on Tuesday, February 24th. Bank of America lifted their price target on shares of UL Solutions to $86.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. The Goldman Sachs Group reiterated a “neutral” rating on shares of UL Solutions in a research report on Friday, February 20th. JPMorgan Chase & Co. lifted their price target on shares of UL Solutions from $84.00 to $88.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Finally, Weiss Ratings downgraded shares of UL Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, UL Solutions has a consensus rating of “Moderate Buy” and an average price target of $88.42.

About UL Solutions

UL Solutions (NYSE: ULS) is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters’ Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.

The company’s core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.