Fmr LLC Boosts Holdings in UL Solutions Inc. (NYSE:ULS)

FMR LLC lifted its stake in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 6.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,565,238 shares of the company's stock after buying an additional 230,886 shares during the quarter. FMR LLC owned approximately 1.78% of UL Solutions worth $175,766,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new position in shares of UL Solutions during the second quarter worth about $29,000. Sunbelt Securities Inc. acquired a new position in shares of UL Solutions during the second quarter worth about $72,000. Daiwa Securities Group Inc. acquired a new position in UL Solutions in the second quarter valued at approximately $84,000. TFC Financial Management Inc. acquired a new position in UL Solutions in the second quarter valued at approximately $88,000. Finally, Bellecapital International Ltd. acquired a new position in UL Solutions in the second quarter valued at approximately $208,000.

UL Solutions Stock Performance

Shares of NYSE:ULS traded down $0.02 during midday trading on Tuesday, hitting $52.80. 90,244 shares of the stock were exchanged, compared to its average volume of 735,010. 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 twelve month low of $33.15 and a twelve month high of $59.23. The company has a 50 day moving average price of $51.82 and a 200-day moving average price of $47.92.

UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.10. The business had revenue of $731.00 million during 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 for the quarter was up 8.1% compared to the same quarter last year. As a group, equities analysts expect that UL Solutions Inc. will post 1.53 EPS for the current fiscal year.

UL Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Friday, November 29th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Friday, November 29th.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup assumed coverage on UL Solutions in a report on Monday, October 7th. They issued a "buy" rating and a $60.00 price target for the company. Wells Fargo & Company upped their price target on UL Solutions from $56.00 to $62.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Robert W. Baird increased their price objective on UL Solutions from $53.00 to $57.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. The Goldman Sachs Group increased their price objective on UL Solutions from $45.00 to $51.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Finally, UBS Group increased their price objective on UL Solutions from $52.00 to $54.00 and gave the company a "neutral" rating in a report 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 data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $49.00.

Insider Buying and Selling

In other UL Solutions news, major shareholder Ulse Inc. sold 3,000,000 shares of UL Solutions stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $49.00, for a total value of $147,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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.