105,000 Shares in UL Solutions Inc. (NYSE:ULS) Acquired by Tribune Investment Group LP

Tribune Investment Group LP purchased a new position in UL Solutions Inc. (NYSE:ULS - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 105,000 shares of the company's stock, valued at approximately $5,237,000. UL Solutions accounts for approximately 2.9% of Tribune Investment Group LP's holdings, making the stock its 17th biggest position. Tribune Investment Group LP owned about 0.05% of UL Solutions at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ULS. Northwest & Ethical Investments L.P. boosted its stake in UL Solutions by 23.5% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock worth $105,000 after buying an additional 400 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of UL Solutions by 1.6% in the 3rd quarter. Stifel Financial Corp now owns 30,500 shares of the company's stock worth $1,504,000 after acquiring an additional 485 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in UL Solutions by 653.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock worth $33,000 after purchasing an additional 582 shares in the last quarter. Lisanti Capital Growth LLC grew its position in UL Solutions by 0.7% in the 4th quarter. Lisanti Capital Growth LLC now owns 93,620 shares of the company's stock valued at $4,670,000 after acquiring an additional 690 shares in the last quarter. Finally, XTX Topco Ltd grew its holdings in shares of UL Solutions by 15.5% in the third quarter. XTX Topco Ltd now owns 7,733 shares of the company's stock valued at $381,000 after purchasing an additional 1,035 shares in the last quarter.

Insiders Place Their Bets

In related news, EVP Alberto Uggetti sold 1,938 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $53.00, for a total transaction of $102,714.00. Following the sale, the executive vice president now owns 9,285 shares in the company, valued at approximately $492,105. This trade represents a 17.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Citigroup upped their target price on shares of UL Solutions from $60.00 to $60.50 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. The Goldman Sachs Group upped their target price on UL Solutions from $51.00 to $57.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. 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 research note on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $51.45.

UL Solutions Price Performance

Shares of NYSE:ULS traded up $0.46 on Friday, reaching $55.64. 971,718 shares of the company were exchanged, compared to its average volume of 704,171. The company has a 50-day moving average of $54.30 and a 200-day moving average of $52.80. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. The firm has a market cap of $11.14 billion and a price-to-earnings ratio of 34.34. UL Solutions Inc. has a 1-year low of $33.50 and a 1-year high of $59.23.

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

UL Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were paid a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.93%. This is a positive change from UL Solutions's previous quarterly dividend of $0.13. UL Solutions's dividend payout ratio (DPR) is presently 32.10%.

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.