5,202 Shares in UL Solutions Inc. $ULS Purchased by Vestcor Inc

Vestcor Inc acquired a new position in UL Solutions Inc. (NYSE:ULS) in the fourth quarter, Holdings Channel.com reports. The firm acquired 5,202 shares of the company’s stock, valued at approximately $410,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ULS. Assetmark Inc. purchased a new position in shares of UL Solutions in the 3rd quarter worth about $40,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of UL Solutions by 3,070.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock worth $46,000 after purchasing an additional 614 shares in the last quarter. Rhumbline Advisers purchased a new position in shares of UL Solutions in the 1st quarter worth about $49,000. PNC Financial Services Group Inc. boosted its holdings in shares of UL Solutions by 18.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock worth $61,000 after purchasing an additional 133 shares in the last quarter. Finally, US Bancorp DE lifted its stake in shares of UL Solutions by 253.9% in the 3rd quarter. US Bancorp DE now owns 1,596 shares of the company’s stock valued at $113,000 after acquiring an additional 1,145 shares during the last quarter.

UL Solutions Stock Performance

Shares of ULS opened at $98.67 on Wednesday. The business’s fifty day simple moving average is $93.96 and its two-hundred day simple moving average is $84.53. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. UL Solutions Inc. has a 12 month low of $61.64 and a 12 month high of $107.54. The company has a market cap of $19.89 billion, a price-to-earnings ratio of 57.70, a P/E/G ratio of 3.77 and a beta of 0.63.

UL Solutions (NYSE:ULS) last issued its earnings results on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.42 by $0.08. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The business had revenue of $758.00 million for the quarter, compared to the consensus estimate of $748.50 million. During the same period last year, the business posted $0.37 EPS. The company’s revenue was up 7.5% compared to the same quarter last year. Research analysts anticipate that UL Solutions Inc. will post 2.1 earnings per share for the current fiscal year.

UL Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 29th were paid a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, May 29th. UL Solutions’s dividend payout ratio (DPR) is currently 33.92%.

Analyst Ratings Changes

ULS has been the subject of a number of recent research reports. Citigroup boosted their target price on UL Solutions from $87.80 to $106.40 and gave the company a “neutral” rating in a research note on Thursday, May 7th. The Goldman Sachs Group reissued a “neutral” rating on shares of UL Solutions in a research note on Wednesday, May 6th. UBS Group upped their price target on UL Solutions from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Bank of America upped their target price on UL Solutions to $86.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Finally, Robert W. Baird reduced their target price on UL Solutions from $97.00 to $96.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $101.54.

Insiders Place Their Bets

In other UL Solutions news, EVP Alberto Uggetti sold 6,100 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $100.00, for a total transaction of $610,000.00. Following the sale, the executive vice president directly owned 10,307 shares in the company, valued at approximately $1,030,700. This trade represents a 37.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Friedrich Hecker sold 4,000 shares of the stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $102.04, for a total value of $408,160.00. Following the sale, the director owned 13,180 shares in the company, valued at approximately $1,344,887.20. This represents a 23.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 64,980 shares of company stock valued at $6,217,938. 1.20% of the stock is currently owned by company insiders.

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.