Dynamic Technology Lab Private Ltd Acquires New Position in UL Solutions Inc. (NYSE:ULS)

Dynamic Technology Lab Private Ltd bought a new position in UL Solutions Inc. (NYSE:ULS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 6,660 shares of the company's stock, valued at approximately $332,000.

Several other institutional investors have also added to or reduced their stakes in ULS. Norges Bank purchased a new position in shares of UL Solutions in the fourth quarter valued at $173,869,000. JPMorgan Chase & Co. grew its position in UL Solutions by 29.3% in the third quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company's stock worth $222,658,000 after acquiring an additional 1,022,851 shares in the last quarter. Wellington Management Group LLP bought a new stake in UL Solutions during the fourth quarter worth approximately $32,091,000. Burkehill Global Management LP bought a new stake in shares of UL Solutions in the 4th quarter valued at approximately $24,940,000. Finally, Vanguard Group Inc. increased its position in UL Solutions by 7.8% during the fourth quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company's stock valued at $278,016,000 after acquiring an additional 401,492 shares during the last quarter.

UL Solutions Price Performance

ULS traded down $0.17 during midday trading on Tuesday, hitting $57.32. 359,920 shares of the company traded hands, compared to its average volume of 726,788. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. UL Solutions Inc. has a 52-week low of $33.50 and a 52-week high of $59.23. The company has a market capitalization of $11.47 billion and a price-to-earnings ratio of 35.26. The business has a 50 day simple moving average of $54.18 and a two-hundred day simple moving average of $52.66.

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

UL Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 28th were issued 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 0.91%. This is an increase from UL Solutions's previous quarterly dividend of $0.13. UL Solutions's dividend payout ratio (DPR) is currently 32.10%.

Insider Activity at UL Solutions

In other news, EVP Alberto Uggetti sold 1,938 shares of the business'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 value of $102,714.00. Following the sale, the executive vice president now directly owns 9,285 shares of the company's stock, valued at approximately $492,105. The trade was a 17.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Analysts Set New Price Targets

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

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.