Seven Grand Managers LLC Buys 200,000 Shares of UL Solutions Inc. $ULS

Seven Grand Managers LLC lifted its stake in UL Solutions Inc. (NYSE:ULS) by 100.0% during the fourth quarter, Holdings Channel reports. The fund owned 400,000 shares of the company’s stock after acquiring an additional 200,000 shares during the quarter. UL Solutions accounts for 2.4% of Seven Grand Managers LLC’s holdings, making the stock its 10th largest position. Seven Grand Managers LLC’s holdings in UL Solutions were worth $31,544,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Capital International Investors grew its holdings in UL Solutions by 10.8% during the third quarter. Capital International Investors now owns 7,548,311 shares of the company’s stock valued at $534,738,000 after purchasing an additional 738,720 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of UL Solutions by 21.9% in the fourth quarter. Vanguard Group Inc. now owns 6,740,636 shares of the company’s stock worth $531,567,000 after buying an additional 1,213,188 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of UL Solutions by 20.6% in the third quarter. Capital Research Global Investors now owns 3,942,905 shares of the company’s stock worth $279,394,000 after buying an additional 674,088 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of UL Solutions by 3.3% during the 4th quarter. Bessemer Group Inc. now owns 2,221,669 shares of the company’s stock worth $175,203,000 after buying an additional 70,279 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of UL Solutions by 12.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,550,913 shares of the company’s stock worth $125,484,000 after buying an additional 167,564 shares during the period.

UL Solutions Price Performance

NYSE:ULS opened at $100.78 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 1.16. UL Solutions Inc. has a one year low of $61.64 and a one year high of $107.54. The company has a fifty day moving average price of $91.54 and a 200 day moving average price of $83.77. The stock has a market cap of $20.31 billion, a P/E ratio of 58.94, a PEG ratio of 3.92 and a beta of 0.59.

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

UL Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Friday, May 29th will be 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 is Friday, May 29th. UL Solutions’s payout ratio is currently 33.92%.

Insider Transactions at UL Solutions

In other news, insider Gitte Schjotz sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $103.96, for a total transaction of $831,680.00. Following the sale, the insider directly owned 81,221 shares in the company, valued at approximately $8,443,735.16. The trade was a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Alberto Uggetti sold 6,100 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $100.00, for a total value of $610,000.00. Following the completion of the transaction, the executive vice president owned 10,307 shares of the company’s stock, valued at $1,030,700. The trade was a 37.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 43,100 shares of company stock worth $4,063,215. Insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Robert W. Baird dropped their target price on shares of UL Solutions from $97.00 to $96.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. The Goldman Sachs Group restated a “neutral” rating on shares of UL Solutions in a report on Wednesday, May 6th. Bank of America raised their price target on UL Solutions to $86.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Wall Street Zen upgraded UL Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, UBS Group increased their target price on UL Solutions from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, UL Solutions has a consensus rating of “Moderate Buy” and a consensus 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.