UL Solutions Inc. (NYSE:ULS) Shares Bought by Blair William & Co. IL

Blair William & Co. IL grew its position in UL Solutions Inc. (NYSE:ULS) by 7.0% during the fourth quarter, Holdings Channel reports. The firm owned 774,059 shares of the company’s stock after acquiring an additional 50,875 shares during the period. Blair William & Co. IL’s holdings in UL Solutions were worth $38,610,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in UL Solutions by 7.8% in the 4th quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company’s stock worth $278,016,000 after buying an additional 401,492 shares during the period. JPMorgan Chase & Co. increased its stake in shares of 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. FMR LLC raised its holdings in shares of UL Solutions by 6.9% during the third quarter. FMR LLC now owns 3,565,238 shares of the company’s stock worth $175,766,000 after purchasing an additional 230,886 shares during the last quarter. Soros Fund Management LLC lifted its position in UL Solutions by 127.4% during the third quarter. Soros Fund Management LLC now owns 1,137,077 shares of the company’s stock valued at $56,058,000 after purchasing an additional 637,077 shares during the period. Finally, Zimmer Partners LP boosted its holdings in UL Solutions by 136.7% in the third quarter. Zimmer Partners LP now owns 710,000 shares of the company’s stock valued at $35,003,000 after purchasing an additional 410,000 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ULS. The Goldman Sachs Group lifted their price target on UL Solutions from $51.00 to $57.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Citigroup lifted their target price on shares of UL Solutions from $60.00 to $60.50 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.45.

Insider Activity

In related news, EVP Alberto Uggetti sold 1,938 shares of the company’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 completion of the sale, the executive vice president now owns 9,285 shares of the company’s stock, valued at approximately $492,105. This represents a 17.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

UL Solutions Stock Up 1.2 %

ULS opened at $55.54 on Friday. The company has a market cap of $11.12 billion and a PE ratio of 34.29. UL Solutions Inc. has a twelve month low of $33.15 and a twelve month high of $59.23. The company has a 50-day moving average price of $53.62 and a 200 day moving average price of $52.00. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85.

UL Solutions (NYSE:ULS) last released its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.11. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The business had revenue of $739.00 million for the quarter, compared to the consensus estimate of $726.54 million. Sell-side analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 28th were issued a dividend of $0.13 per share. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.94%. UL Solutions’s dividend payout ratio is presently 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.