Blair William & Co. IL Has $38.61 Million Position in UL Solutions Inc. (NYSE:ULS)

Blair William & Co. IL raised its position in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 7.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 774,059 shares of the company's stock after acquiring an additional 50,875 shares during the period. Blair William & Co. IL owned approximately 0.39% of UL Solutions worth $38,610,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Northwest & Ethical Investments L.P. grew its position in UL Solutions by 23.5% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock worth $105,000 after purchasing an additional 400 shares during the last quarter. Stifel Financial Corp increased its position in shares of UL Solutions by 1.6% during the third quarter. Stifel Financial Corp now owns 30,500 shares of the company's stock valued at $1,504,000 after purchasing an additional 485 shares during the period. PNC Financial Services Group Inc. boosted 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 buying an additional 582 shares in the last quarter. Lisanti Capital Growth LLC boosted its position in shares of UL Solutions by 0.7% during 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 boosted its holdings in UL Solutions by 15.5% during 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.

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UL Solutions Trading Up 0.9 %

NYSE ULS traded up $0.49 during trading hours on Monday, hitting $56.18. The company's stock had a trading volume of 666,254 shares, compared to its average volume of 551,434. UL Solutions Inc. has a twelve month low of $33.15 and a twelve month high of $59.23. The firm has a market capitalization of $11.24 billion and a P/E ratio of 34.68. 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 stock has a fifty day moving average of $53.70 and a 200 day moving average of $52.10.

UL Solutions (NYSE:ULS - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.11. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The company had revenue of $739.00 million for the quarter, compared to the consensus estimate of $726.54 million. Equities research 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 announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 28th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 0.93%. This is a boost from UL Solutions's previous quarterly dividend of $0.13. UL Solutions's dividend payout ratio (DPR) is 32.10%.

Insider Transactions at UL Solutions

In other UL Solutions news, EVP Alberto Uggetti sold 1,938 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $53.00, for a total value of $102,714.00. Following the sale, the executive vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ULS shares. JPMorgan Chase & Co. lifted their price objective on UL Solutions from $55.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Citigroup increased their price target on shares of UL Solutions from $60.00 to $60.50 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group raised their price target on shares of UL Solutions from $51.00 to $57.00 and gave the company a "neutral" rating in a report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $51.45.

UL Solutions Company 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.