Electron Capital Partners LLC Acquires 69,116 Shares of UL Solutions Inc. $ULS

Electron Capital Partners LLC lifted its stake in shares of UL Solutions Inc. (NYSE:ULS) by 8.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 855,439 shares of the company’s stock after buying an additional 69,116 shares during the quarter. UL Solutions comprises about 3.1% of Electron Capital Partners LLC’s portfolio, making the stock its 12th largest holding. Electron Capital Partners LLC’s holdings in UL Solutions were worth $67,460,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in ULS. PNC Financial Services Group Inc. increased its position in UL Solutions by 18.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock worth $61,000 after buying an additional 133 shares during the period. Advisor OS LLC raised its stake in UL Solutions by 4.4% in the 4th quarter. Advisor OS LLC now owns 3,477 shares of the company’s stock worth $274,000 after purchasing an additional 147 shares in the last quarter. Cresset Asset Management LLC raised its stake in UL Solutions by 4.0% in the 2nd quarter. Cresset Asset Management LLC now owns 4,174 shares of the company’s stock worth $304,000 after purchasing an additional 159 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in UL Solutions by 1.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 15,155 shares of the company’s stock valued at $1,195,000 after purchasing an additional 194 shares during the period. Finally, Deutsche Bank AG boosted its holdings in UL Solutions by 6.0% in the 4th quarter. Deutsche Bank AG now owns 3,677 shares of the company’s stock valued at $290,000 after purchasing an additional 207 shares during the period.

UL Solutions Trading Down 1.0%

Shares of ULS opened at $94.40 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.16. UL Solutions Inc. has a 52-week low of $61.64 and a 52-week high of $107.54. The firm has a market cap of $19.03 billion, a price-to-earnings ratio of 55.20, a PEG ratio of 3.71 and a beta of 0.63. The business’s fifty day moving average is $95.45 and its 200-day moving average is $84.90.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $748.50 million. During the same period in the prior year, the company earned $0.37 EPS. UL Solutions’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts anticipate that UL Solutions Inc. will post 2.1 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 29th were paid a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, May 29th. UL Solutions’s dividend payout ratio (DPR) is presently 33.92%.

Insider Buying and Selling

In related news, Director Friedrich Hecker sold 4,000 shares of UL Solutions stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $102.04, for a total transaction of $408,160.00. Following the sale, the director directly owned 13,180 shares of the company’s stock, valued at approximately $1,344,887.20. The trade was a 23.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Karen K. Pepping sold 725 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $97.74, for a total transaction of $70,861.50. Following the transaction, the chief accounting officer owned 8,082 shares of the company’s stock, valued at approximately $789,934.68. This represents a 8.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 65,705 shares of company stock worth $6,288,800 in the last quarter. Corporate insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $115.00 target price on shares of UL Solutions in a report on Wednesday, May 6th. Citigroup increased their price target on UL Solutions from $87.80 to $106.40 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised their price objective on UL Solutions from $88.00 to $108.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Robert W. Baird dropped their price objective on UL Solutions from $97.00 to $96.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Finally, Weiss Ratings upgraded UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, UL Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $101.54.

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.