Fmr LLC Increases Stock Holdings in UL Solutions Inc. (NYSE:ULS)

Fmr LLC raised its position in UL Solutions Inc. (NYSE:ULS) by 17.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 4,178,072 shares of the company’s stock after acquiring an additional 612,834 shares during the quarter. Fmr LLC’s holdings in UL Solutions were worth $208,402,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ULS. Vanguard Group Inc. boosted its position in UL Solutions by 7.8% during the fourth quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company’s stock worth $278,016,000 after acquiring an additional 401,492 shares during the last quarter. JPMorgan Chase & Co. grew its position in UL Solutions by 29.3% in the third quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock worth $222,658,000 after acquiring an additional 1,022,851 shares during the period. Norges Bank acquired a new stake in shares of UL Solutions during the 4th quarter worth about $173,869,000. Blair William & Co. IL increased its position in shares of UL Solutions by 7.0% during the fourth quarter. Blair William & Co. IL now owns 774,059 shares of the company’s stock valued at $38,610,000 after acquiring an additional 50,875 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in UL Solutions by 56.1% in the 4th quarter. Federated Hermes Inc. now owns 644,800 shares of the company’s stock valued at $32,163,000 after purchasing an additional 231,800 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have issued reports on ULS shares. Citigroup boosted their price target on shares of UL Solutions from $60.00 to $60.50 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. The Goldman Sachs Group raised their target price on UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, UL Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $51.45.

Insider Transactions at UL Solutions

In other UL Solutions news, EVP Alberto Uggetti sold 1,938 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $53.00, for a total transaction of $102,714.00. Following the transaction, the executive vice president now owns 9,285 shares of the company’s stock, valued at approximately $492,105. This trade represents a 17.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

UL Solutions Price Performance

Shares of ULS stock opened at $56.31 on Friday. UL Solutions Inc. has a twelve month low of $33.15 and a twelve month high of $59.23. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $11.27 billion and a PE ratio of 34.76. The firm has a fifty day simple moving average of $54.14 and a 200-day simple moving average of $52.58.

UL Solutions (NYSE:ULS) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.11. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The firm had revenue of $739.00 million for the quarter, compared to the consensus estimate of $726.54 million. Equities research analysts anticipate that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were given a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 0.92%. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s payout ratio is currently 32.10%.

UL Solutions 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.