Vanguard Group Inc. Buys 1,213,188 Shares of UL Solutions Inc. $ULS

Vanguard Group Inc. raised its stake in UL Solutions Inc. (NYSE:ULS) by 21.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,740,636 shares of the company’s stock after buying an additional 1,213,188 shares during the period. Vanguard Group Inc.’s holdings in UL Solutions were worth $531,567,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ULS. Capital International Investors raised its holdings in UL Solutions by 10.8% during the 3rd quarter. Capital International Investors now owns 7,548,311 shares of the company’s stock worth $534,738,000 after purchasing an additional 738,720 shares during the last quarter. Capital Research Global Investors raised its holdings in UL Solutions by 20.6% during the 3rd quarter. Capital Research Global Investors now owns 3,942,905 shares of the company’s stock worth $279,394,000 after purchasing an additional 674,088 shares during the last quarter. Bessemer Group Inc. raised its holdings in UL Solutions by 13.8% during the 3rd quarter. Bessemer Group Inc. now owns 2,151,390 shares of the company’s stock worth $152,448,000 after purchasing an additional 261,603 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in 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 purchasing an additional 167,564 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in UL Solutions by 57.3% during the 3rd quarter. First Trust Advisors LP now owns 1,137,364 shares of the company’s stock worth $80,594,000 after purchasing an additional 414,363 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Weiss Ratings lowered shares of UL Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Citigroup lowered their price target on shares of UL Solutions from $88.10 to $87.80 and set a “neutral” rating for the company in a report on Tuesday, February 24th. Bank of America raised their price target on shares of UL Solutions to $86.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Wells Fargo & Company upped their target price on UL Solutions from $97.00 to $102.00 and gave the company an “overweight” rating in a research report on Friday, February 20th. Finally, BNP Paribas Exane initiated coverage on UL Solutions in a research report on Monday, April 20th. They set a “neutral” rating and a $95.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $88.42.

UL Solutions Trading Down 1.8%

ULS opened at $89.93 on Tuesday. UL Solutions Inc. has a 1-year low of $59.40 and a 1-year high of $94.04. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. The company has a market cap of $18.08 billion, a P/E ratio of 56.56, a price-to-earnings-growth ratio of 3.70 and a beta of 0.59. The company has a fifty day moving average price of $85.22 and a two-hundred day moving average price of $81.24.

UL Solutions (NYSE:ULS) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.08. UL Solutions had a net margin of 10.61% and a return on equity of 31.62%. The firm had revenue of $758.00 million during the quarter, compared to the consensus estimate of $748.50 million. Analysts predict that UL Solutions Inc. will post 2.02 EPS for the current fiscal year.

UL Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were issued a $0.145 dividend. The ex-dividend date was Monday, March 2nd. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. This represents a $0.58 annualized dividend and a yield of 0.6%. UL Solutions’s dividend payout ratio is currently 36.48%.

Insider Transactions at UL Solutions

In other UL Solutions news, CEO Jennifer F. Scanlon sold 12,500 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $91.57, for a total value of $1,144,625.00. Following the transaction, the chief executive officer owned 188,274 shares in the company, valued at approximately $17,240,250.18. This represents a 6.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.

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.