UL Solutions Inc. (NYSE:ULS) Shares Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp boosted its holdings in shares of UL Solutions Inc. (NYSE:ULS) by 28.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,600 shares of the company’s stock after purchasing an additional 1,900 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in UL Solutions were worth $429,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of UL Solutions in the 4th quarter valued at about $173,869,000. T. Rowe Price Investment Management Inc. lifted its holdings in UL Solutions by 88.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,224,709 shares of the company’s stock worth $210,729,000 after acquiring an additional 1,987,295 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of UL Solutions by 29.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock worth $222,658,000 after purchasing an additional 1,022,851 shares during the last quarter. Capital International Investors lifted its stake in UL Solutions by 7.4% in the fourth quarter. Capital International Investors now owns 11,691,957 shares of the company’s stock valued at $583,324,000 after buying an additional 809,779 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of UL Solutions during the fourth quarter worth about $32,091,000.

Insider Buying and Selling at UL Solutions

In related news, insider Gitte Schjotz sold 7,000 shares of the company’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $67.44, for a total value of $472,080.00. Following the completion of the sale, the insider now directly owns 46,889 shares in the company, valued at approximately $3,162,194.16. This represents a 12.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Alberto Uggetti sold 1,938 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.00, for a total transaction of $102,714.00. Following the transaction, the executive vice president now directly owns 9,285 shares in the company, valued at $492,105. The trade was a 17.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,899 shares of company stock worth $712,064 over the last 90 days. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wells Fargo & Company boosted their target price on shares of UL Solutions from $65.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. Raymond James raised their price objective on shares of UL Solutions from $60.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Citigroup reaffirmed a “neutral” rating and set a $71.00 target price (up previously from $60.50) on shares of UL Solutions in a research note on Wednesday, May 14th. Robert W. Baird lifted their price target on shares of UL Solutions from $60.00 to $73.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Finally, UBS Group lifted their target price on UL Solutions from $58.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, UL Solutions has a consensus rating of “Hold” and an average price target of $69.43.

UL Solutions Price Performance

Shares of ULS opened at $72.67 on Monday. The company has a market capitalization of $14.55 billion and a price-to-earnings ratio of 44.86. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. The business’s 50-day moving average is $58.04 and its 200-day moving average is $54.32. UL Solutions Inc. has a fifty-two week low of $36.87 and a fifty-two week high of $72.76.

UL Solutions (NYSE:ULS) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.32 by $0.05. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The business had revenue of $705.00 million for the quarter, compared to analysts’ expectations of $704.19 million. The firm’s quarterly revenue was up 5.2% on a year-over-year basis. Equities research analysts expect that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

About UL Solutions

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.