UL Solutions Inc. (NYSE:ULS) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its stake in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 1,062.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,694 shares of the company's stock after acquiring an additional 37,194 shares during the quarter. Russell Investments Group Ltd.'s holdings in UL Solutions were worth $2,030,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ULS. PNC Financial Services Group Inc. lifted its stake in UL Solutions by 653.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock worth $33,000 after purchasing an additional 582 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its stake in shares of UL Solutions by 23.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock worth $105,000 after acquiring an additional 400 shares during the last quarter. KBC Group NV purchased a new position in UL Solutions during the 4th quarter valued at $163,000. Signature Estate & Investment Advisors LLC bought a new position in UL Solutions in the 4th quarter valued at $201,000. Finally, Sanctuary Advisors LLC purchased a new stake in UL Solutions in the fourth quarter worth $221,000.

Insider Buying and Selling at UL Solutions

In other news, EVP Alberto Uggetti sold 1,938 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.00, for a total transaction of $102,714.00. Following the completion of the sale, the executive vice president now owns 9,285 shares in the company, valued at approximately $492,105. This represents a 17.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

ULS has been the topic of a number of research analyst reports. The Goldman Sachs Group upped their price target on shares of UL Solutions from $51.00 to $57.00 and gave the stock a "neutral" rating in a report on Friday, February 21st. Citigroup upped their target price on shares of UL Solutions from $60.00 to $60.50 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their price target on UL Solutions from $55.00 to $58.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.45.

UL Solutions Stock Up 2.1 %

UL Solutions stock traded up $1.18 during mid-day trading on Thursday, reaching $57.70. 261,486 shares of the company were exchanged, compared to its average volume of 705,131. 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 firm has a market cap of $11.55 billion and a P/E ratio of 35.56. The business has a fifty day moving average of $54.21 and a 200 day moving average of $52.90. UL Solutions Inc. has a 12-month low of $33.50 and a 12-month high of $59.23.

UL Solutions (NYSE:ULS - Get Free Report) last issued its quarterly earnings data 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. 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 analysts' expectations of $726.54 million. Research analysts anticipate that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal 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 paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.90%. 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. UL Solutions's payout ratio is 32.10%.

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.