UL Solutions Inc. (NYSE:ULS) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA reduced its stake in UL Solutions Inc. (NYSE:ULS - Free Report) by 29.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,327,808 shares of the company's stock after selling 546,643 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 0.66% of UL Solutions worth $66,231,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in UL Solutions by 7.8% in the fourth quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company's stock worth $278,016,000 after acquiring an additional 401,492 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of UL Solutions by 29.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company's stock worth $222,658,000 after purchasing an additional 1,022,851 shares during the period. Norges Bank acquired a new stake in UL Solutions in the 4th quarter valued at approximately $173,869,000. Blair William & Co. IL grew its stake in shares of UL Solutions by 7.0% in the fourth quarter. Blair William & Co. IL now owns 774,059 shares of the company's stock valued at $38,610,000 after buying an additional 50,875 shares in the last quarter. Finally, Zimmer Partners LP raised its holdings in shares of UL Solutions by 136.7% in the 3rd quarter. Zimmer Partners LP now owns 710,000 shares of the company's stock valued at $35,003,000 after buying an additional 410,000 shares during the period.

UL Solutions Stock Down 3.2 %

NYSE ULS traded down $1.79 during trading on Thursday, reaching $53.32. 259,254 shares of the company's stock were exchanged, compared to its average volume of 778,896. UL Solutions Inc. has a 1 year low of $33.15 and a 1 year high of $59.23. The stock has a market cap of $10.67 billion and a P/E ratio of 33.03. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. The company has a 50 day moving average price of $54.07 and a two-hundred day moving average price of $52.50.

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UL Solutions (NYSE:ULS - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) 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 firm had revenue of $739.00 million during the quarter, compared to the consensus estimate of $726.54 million. On average, equities research analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 28th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from UL Solutions's previous quarterly dividend of $0.13. UL Solutions's dividend payout ratio is currently 32.10%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. The Goldman Sachs Group raised their target price on UL Solutions from $51.00 to $57.00 and gave the company a "neutral" rating in a report on Friday, February 21st. Citigroup lifted their price objective on shares of UL Solutions from $60.00 to $60.50 and gave the company a "buy" rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. upped their target price on shares of UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a research note on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, UL Solutions presently has an average rating of "Moderate Buy" and an average target price of $51.45.

Insider Transactions at UL Solutions

In related news, EVP Alberto Uggetti sold 1,938 shares of the company's 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 completion of the sale, the executive vice president now owns 9,285 shares in the company, valued at $492,105. This represents a 17.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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.