Hall Laurie J Trustee Raises Position in UL Solutions Inc. (NYSE:ULS)

Hall Laurie J Trustee lifted its stake in shares of UL Solutions Inc. (NYSE:ULS) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,050 shares of the company’s stock after buying an additional 5,040 shares during the period. Hall Laurie J Trustee’s holdings in UL Solutions were worth $2,696,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Stifel Financial Corp raised its holdings in shares of UL Solutions by 1.6% in the third quarter. Stifel Financial Corp now owns 30,500 shares of the company’s stock valued at $1,504,000 after purchasing an additional 485 shares during the last quarter. Stone House Investment Management LLC purchased a new position in UL Solutions during the third quarter worth about $25,000. EverSource Wealth Advisors LLC purchased a new stake in UL Solutions in the 2nd quarter valued at about $29,000. XTX Topco Ltd lifted its position in shares of UL Solutions by 15.5% during the 3rd quarter. XTX Topco Ltd now owns 7,733 shares of the company’s stock worth $381,000 after buying an additional 1,035 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. purchased a new position in shares of UL Solutions in the 3rd quarter worth approximately $84,000.

UL Solutions Price Performance

Shares of NYSE ULS opened at $51.94 on Monday. The stock has a fifty day moving average of $51.38 and a 200-day moving average of $50.42. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. UL Solutions Inc. has a fifty-two week low of $33.15 and a fifty-two week high of $59.23.

UL Solutions (NYSE:ULS) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.10. The firm had revenue of $731.00 million for the quarter, compared to analysts’ expectations of $709.41 million. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts forecast that UL Solutions Inc. will post 1.53 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 29th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.96%. The ex-dividend date was Friday, November 29th.

Wall Street Analyst Weigh In

ULS has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on UL Solutions from $56.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Robert W. Baird raised their target price on UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group boosted their price target on shares of UL Solutions from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Citigroup initiated coverage on shares of UL Solutions in a report on Monday, October 7th. They set a “buy” rating and a $60.00 price objective for the company. Finally, UBS Group raised their price objective on shares of UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, UL Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

Insider Activity

In related news, insider Gitte Schjotz sold 5,941 shares of the stock in a transaction on Monday, December 9th. The stock was sold at an average price of $52.58, for a total value of $312,377.78. Following the sale, the insider now owns 69,191 shares in the company, valued at approximately $3,638,062.78. This trade represents a 7.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

UL Solutions Company 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.