UL Solutions Inc. (NYSE:ULS) Shares Bought by Renaissance Capital LLC

Renaissance Capital LLC increased its holdings in UL Solutions Inc. (NYSE:ULS - Free Report) by 108.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,609 shares of the company's stock after acquiring an additional 45,595 shares during the period. UL Solutions comprises 2.9% of Renaissance Capital LLC's investment portfolio, making the stock its 17th biggest holding. Renaissance Capital LLC's holdings in UL Solutions were worth $4,370,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Stone House Investment Management LLC purchased a new stake in shares of UL Solutions during the third quarter valued at approximately $25,000. Northwest & Ethical Investments L.P. purchased a new stake in shares of UL Solutions during the 3rd quarter valued at $84,000. KBC Group NV purchased a new position in shares of UL Solutions in the 4th quarter worth about $163,000. Phillips Wealth Planners LLC bought a new position in UL Solutions during the third quarter valued at about $218,000. Finally, WoodTrust Financial Corp purchased a new stake in UL Solutions during the third quarter worth about $228,000.

Insider Buying and Selling at UL Solutions

In related news, insider Gitte Schjotz sold 5,941 shares of UL Solutions stock in a transaction on Monday, December 9th. The shares were sold at an average price of $52.58, for a total value of $312,377.78. Following the transaction, the insider now directly owns 69,191 shares of the company's stock, valued at $3,638,062.78. The trade was a 7.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

UL Solutions Stock Performance

Shares of NYSE:ULS traded up $1.15 during trading on Wednesday, reaching $55.30. The company had a trading volume of 416,384 shares, compared to its average volume of 485,604. The company has a fifty day moving average of $51.76 and a two-hundred day moving average of $51.27. 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 $33.15 and a 12 month high of $59.23.

UL Solutions (NYSE:ULS - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.10. The business had revenue of $731.00 million for the quarter, compared to analysts' expectations of $709.41 million. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. The business's quarterly revenue was up 8.1% on a year-over-year basis. Equities analysts expect that UL Solutions Inc. will post 1.53 EPS for the current fiscal year.

UL Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 29th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, November 29th.

Wall Street Analysts Forecast Growth

ULS has been the subject of a number of research reports. UBS Group increased their target price on shares of UL Solutions from $52.00 to $54.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. The Goldman Sachs Group upped their price objective on shares of UL Solutions from $45.00 to $51.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Wells Fargo & Company boosted their price target on shares of UL Solutions from $56.00 to $62.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird increased their target price on UL Solutions from $53.00 to $57.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, UL Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.00.

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.