Fmr LLC Has $208.40 Million Stake in UL Solutions Inc. (NYSE:ULS)

FMR LLC grew its holdings in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 17.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,178,072 shares of the company's stock after buying an additional 612,834 shares during the quarter. FMR LLC owned 2.09% of UL Solutions worth $208,402,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. PNC Financial Services Group Inc. grew its stake in shares of UL Solutions by 653.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock valued at $33,000 after buying an additional 582 shares in the last quarter. Northwest & Ethical Investments L.P. increased its position in shares of 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 acquiring an additional 400 shares during the last quarter. KBC Group NV purchased a new position in UL Solutions in the fourth quarter valued at about $163,000. Sanctuary Advisors LLC acquired a new stake in UL Solutions during the 4th quarter valued at approximately $221,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of UL Solutions in the 4th quarter valued at approximately $201,000.

UL Solutions Price Performance

NYSE:ULS traded down $2.76 during mid-day trading on Wednesday, reaching $54.96. 900,013 shares of the stock were exchanged, compared to its average volume of 717,561. 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 business has a fifty day moving average price of $54.25 and a 200 day moving average price of $52.69. UL Solutions Inc. has a 1-year low of $33.50 and a 1-year high of $59.23. The firm has a market capitalization of $11.00 billion and a PE ratio of 33.93.

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UL Solutions (NYSE:ULS - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.11. The business had revenue of $739.00 million for the quarter, compared to the consensus estimate of $726.54 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. Research analysts expect 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. Stockholders of record on Friday, February 28th were given a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This is a positive change from UL Solutions's previous quarterly dividend of $0.13. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.95%. UL Solutions's payout ratio is 32.10%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other UL Solutions news, EVP Alberto Uggetti sold 1,938 shares of the business's stock in a transaction dated Friday, March 7th. The stock was 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. The trade was a 17.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.