AEGON ASSET MANAGEMENT UK Plc Acquires 40,396 Shares of UL Solutions Inc. (NYSE:ULS)

AEGON ASSET MANAGEMENT UK Plc lifted its position in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 20.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 235,501 shares of the company's stock after acquiring an additional 40,396 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.12% of UL Solutions worth $11,726,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stone House Investment Management LLC bought a new stake in shares of UL Solutions during the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC purchased a new stake in UL Solutions in the second quarter worth approximately $29,000. Sunbelt Securities Inc. purchased a new stake in UL Solutions in the second quarter worth approximately $72,000. Northwest & Ethical Investments L.P. purchased a new stake in UL Solutions in the third quarter worth approximately $84,000. Finally, Phillips Wealth Planners LLC purchased a new stake in UL Solutions in the third quarter worth approximately $218,000.

Insider Transactions at UL Solutions

In other news, insider Gitte Schjotz sold 5,941 shares of the business's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $52.58, for a total value of $312,377.78. Following the sale, the insider now directly owns 69,191 shares in the company, valued at $3,638,062.78. The trade was a 7.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

UL Solutions Trading Down 0.1 %

Shares of ULS stock traded down $0.04 on Friday, hitting $53.39. 361,432 shares of the stock traded hands, compared to its average volume of 562,618. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. The firm has a 50 day simple moving average of $51.63 and a two-hundred day simple moving average of $50.67. UL Solutions Inc. has a 52 week low of $33.15 and a 52 week high of $59.23.

UL Solutions (NYSE:ULS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.10. The company had revenue of $731.00 million for the quarter, compared to the consensus estimate of $709.41 million. UL Solutions had a net margin of 10.76% and a return on equity of 40.88%. The firm's quarterly revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts anticipate that UL Solutions Inc. will post 1.53 EPS for the current year.

UL Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were issued a $0.125 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.94%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ULS shares. UBS Group raised their target price on shares of UL Solutions from $52.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Citigroup began coverage on shares of UL Solutions in a research note on Monday, October 7th. They set a "buy" rating and a $60.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of UL Solutions from $56.00 to $62.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. Robert W. Baird lifted their price target on shares of UL Solutions from $53.00 to $57.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group lifted their price target on shares of UL Solutions from $45.00 to $51.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.00.

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.