AEGON ASSET MANAGEMENT UK Plc acquired a new position in UL Solutions Inc. (NYSE:ULS - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 195,105 shares of the company's stock, valued at approximately $9,615,000. AEGON ASSET MANAGEMENT UK Plc owned 0.10% of UL Solutions as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC bought a new stake in UL Solutions during the 2nd quarter valued at approximately $29,000. Sunbelt Securities Inc. bought a new stake in UL Solutions during the 2nd quarter valued at approximately $72,000. Daiwa Securities Group Inc. bought a new stake in UL Solutions during the 2nd quarter valued at approximately $84,000. TFC Financial Management Inc. bought a new stake in UL Solutions during the 2nd quarter valued at approximately $88,000. Finally, Phillips Wealth Planners LLC bought a new stake in UL Solutions during the 3rd quarter valued at approximately $218,000.
UL Solutions Price Performance
UL Solutions stock traded up $1.31 during mid-day trading on Friday, hitting $51.36. The company's stock had a trading volume of 676,642 shares, compared to its average volume of 626,006. The company has a 50 day moving average of $50.99 and a 200-day moving average of $46.04. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.29 and a current ratio of 1.31. UL Solutions Inc. has a one year low of $33.15 and a one year high of $59.23.
UL Solutions (NYSE:ULS - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.10. The business had revenue of $731.00 million for the quarter, compared to the consensus estimate of $709.41 million. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. The business's revenue was up 8.1% compared to the same quarter last year. On average, sell-side analysts forecast that UL Solutions Inc. will post 1.48 earnings per share for the current year.
UL Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 30th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, August 30th.
Analyst Upgrades and Downgrades
ULS has been the topic of several recent research reports. Wells Fargo & Company upped their price objective on UL Solutions from $56.00 to $62.00 and gave the stock an "overweight" rating in a report on Wednesday. The Goldman Sachs Group upped their price objective on UL Solutions from $45.00 to $51.00 and gave the stock a "neutral" rating in a report on Wednesday. Robert W. Baird upped their price objective on UL Solutions from $53.00 to $57.00 and gave the stock a "neutral" rating in a report on Wednesday. Citigroup initiated coverage on UL Solutions in a report on Monday, October 7th. They set a "buy" rating and a $60.00 price objective on the stock. Finally, UBS Group upped their price objective on UL Solutions from $52.00 to $54.00 and gave the stock a "neutral" rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $49.00.
Check Out Our Latest Stock Analysis on UL Solutions
Insider Buying and Selling
In related news, major shareholder Ulse Inc. sold 3,000,000 shares of the company's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $49.00, for a total transaction of $147,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
UL Solutions Profile
(
Free Report)
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.
Read More
Before you consider UL Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UL Solutions wasn't on the list.
While UL Solutions currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
