UL Solutions Inc. (NYSE:ULS) Shares Purchased by Schroder Investment Management Group

Schroder Investment Management Group increased its stake in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 3.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 378,417 shares of the company's stock after buying an additional 13,850 shares during the quarter. Schroder Investment Management Group owned about 0.19% of UL Solutions worth $18,981,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its stake in UL Solutions by 52.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,707 shares of the company's stock valued at $16,895,000 after purchasing an additional 117,794 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in UL Solutions in the third quarter valued at approximately $278,000. BNP Paribas Financial Markets acquired a new position in UL Solutions in the 3rd quarter worth approximately $3,723,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in UL Solutions during the 3rd quarter worth approximately $372,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in UL Solutions during the 3rd quarter valued at approximately $2,086,000.

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 shares were sold at an average price of $53.00, for a total transaction 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. The trade was a 17.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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Wall Street Analysts Forecast Growth

ULS has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective 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. The Goldman Sachs Group increased their price target on UL Solutions from $51.00 to $57.00 and gave the stock a "neutral" rating in a research report on Friday, February 21st. Finally, Citigroup boosted their price objective on UL Solutions from $60.00 to $60.50 and gave the company a "buy" rating in a report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $51.45.

UL Solutions Price Performance

Shares of UL Solutions stock traded down $0.68 on Monday, hitting $53.74. The company's stock had a trading volume of 1,325,416 shares, compared to its average volume of 768,227. The company has a market capitalization of $10.76 billion and a price-to-earnings ratio of 33.17. UL Solutions Inc. has a 1 year low of $33.15 and a 1 year high of $59.23. 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 fifty day moving average price of $54.07 and a 200-day moving average price of $52.40.

UL Solutions (NYSE:ULS - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.11. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The business had revenue of $739.00 million during the quarter, compared to the consensus estimate of $726.54 million. As a group, sell-side 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 declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were paid a $0.13 dividend. The ex-dividend date was Friday, February 28th. This is a positive change from UL Solutions's previous quarterly dividend of $0.13. This represents a $0.52 dividend on an annualized basis and a yield of 0.97%. UL Solutions's dividend payout ratio (DPR) is currently 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.