Ranger Investment Management L.P. acquired a new stake in shares of UL Solutions Inc. (NYSE:ULS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 278,940 shares of the company's stock, valued at approximately $13,914,000. Ranger Investment Management L.P. owned about 0.14% of UL Solutions at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in UL Solutions in the 4th quarter worth approximately $18,345,000. Renaissance Technologies LLC grew its holdings in shares of UL Solutions by 17.7% during the fourth quarter. Renaissance Technologies LLC now owns 426,592 shares of the company's stock valued at $21,278,000 after buying an additional 64,292 shares during the last quarter. FMR LLC grew its holdings in shares of UL Solutions by 17.2% during the fourth quarter. FMR LLC now owns 4,178,072 shares of the company's stock valued at $208,402,000 after buying an additional 612,834 shares during the last quarter. Federated Hermes Inc. increased its position in shares of UL Solutions by 56.1% in the 4th quarter. Federated Hermes Inc. now owns 644,800 shares of the company's stock valued at $32,163,000 after acquiring an additional 231,800 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in UL Solutions by 1,062.7% in the 4th quarter. Russell Investments Group Ltd. now owns 40,694 shares of the company's stock worth $2,030,000 after acquiring an additional 37,194 shares during the last quarter.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on ULS. JPMorgan Chase & Co. increased 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 increased their price target 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 lifted their price objective on shares of UL Solutions from $51.00 to $57.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, UL Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $51.45.
Check Out Our Latest Stock Analysis on UL Solutions
Insider Buying and Selling
In other UL Solutions news, EVP Alberto Uggetti sold 1,938 shares of UL Solutions stock in a transaction on Friday, March 7th. The stock was 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 in the company, valued at $492,105. The trade was a 17.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
UL Solutions Price Performance
ULS stock traded up $0.33 during mid-day trading on Monday, reaching $56.79. 238,986 shares of the company's stock were exchanged, compared to its average volume of 725,683. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. UL Solutions Inc. has a 12-month low of $33.50 and a 12-month high of $59.23. The stock's 50 day moving average is $54.14 and its 200 day moving average is $52.60. The company has a market cap of $11.37 billion and a price-to-earnings ratio of 35.06.
UL Solutions (NYSE:ULS - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.11. The firm had revenue of $739.00 million for the quarter, compared to analyst estimates of $726.54 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. On average, research analysts expect that UL Solutions Inc. will post 1.69 EPS for the current year.
UL Solutions Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were issued a $0.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.92%. This is a positive change from UL Solutions's previous quarterly dividend of $0.13. UL Solutions's dividend payout ratio is currently 32.10%.
UL Solutions Company Profile
(
Free Report)
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.
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