UL Solutions Inc. (NYSE:ULS) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP increased its position in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 91.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,174 shares of the company's stock after buying an additional 32,012 shares during the period. Quantbot Technologies LP's holdings in UL Solutions were worth $3,351,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of UL Solutions during the third quarter worth about $2,086,000. Victory Capital Management Inc. grew its stake in UL Solutions by 377.1% during the 3rd quarter. Victory Capital Management Inc. now owns 23,540 shares of the company's stock valued at $1,161,000 after purchasing an additional 18,606 shares in the last quarter. Renaissance Capital LLC grew its stake in UL Solutions by 108.5% during the 4th quarter. Renaissance Capital LLC now owns 87,609 shares of the company's stock valued at $4,370,000 after purchasing an additional 45,595 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in 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 last quarter. Finally, Maven Securities LTD acquired a new position in shares of UL Solutions in the 3rd quarter valued at approximately $4,930,000.

Insider Buying and Selling at UL Solutions

In related news, EVP Alberto Uggetti sold 1,938 shares of the stock in a transaction dated 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 owns 9,285 shares of the company's stock, valued at $492,105. This trade represents a 17.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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UL Solutions Stock Performance

ULS traded up $0.64 on Thursday, hitting $55.54. 1,279,486 shares of the company's stock were exchanged, compared to its average volume of 724,000. 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 stock has a fifty day moving average of $53.55 and a two-hundred day moving average of $51.98. UL Solutions Inc. has a twelve month low of $33.15 and a twelve month high of $59.23. The firm has a market cap of $11.12 billion and a PE ratio of 34.29.

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 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 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, research analysts anticipate 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 given a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from UL Solutions's previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a yield of 0.94%. UL Solutions's dividend payout ratio (DPR) is currently 32.10%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Citigroup raised their price objective on shares of UL Solutions from $60.00 to $60.50 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group boosted their target price on shares of UL Solutions from $51.00 to $57.00 and gave the stock a "neutral" 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 company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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.