Swiss National Bank Purchases 8,600 Shares of UL Solutions Inc. (NYSE:ULS)

Swiss National Bank raised its position in UL Solutions Inc. (NYSE:ULS - Free Report) by 7.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,700 shares of the company's stock after purchasing an additional 8,600 shares during the quarter. Swiss National Bank owned 0.06% of UL Solutions worth $6,070,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ULS. Stone House Investment Management LLC acquired a new stake in UL Solutions in the 3rd quarter valued at $25,000. PNC Financial Services Group Inc. increased its position in shares of UL Solutions by 653.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock valued at $33,000 after acquiring an additional 582 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new stake in UL Solutions during the third quarter worth about $84,000. KBC Group NV bought a new stake in UL Solutions during the fourth quarter worth about $163,000. Finally, Sanctuary Advisors LLC acquired a new position in UL Solutions during the fourth quarter valued at approximately $221,000.

Analyst Ratings Changes

Several research firms have weighed in on ULS. JPMorgan Chase & Co. boosted their price target on UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Citigroup upped their price target on shares of UL Solutions from $60.00 to $60.50 and gave the stock a "buy" rating in a research 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 report on Friday, February 21st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, UL Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $51.45.

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Insider Buying and Selling

In other UL Solutions news, EVP Alberto Uggetti sold 1,938 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 9,285 shares in the company, valued at $492,105. This represents a 17.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

UL Solutions Stock Performance

UL Solutions stock traded up $0.64 during trading hours on Thursday, hitting $55.54. The company had a trading volume of 1,279,486 shares, compared to its average volume of 539,570. UL Solutions Inc. has a one year low of $33.15 and a one year high of $59.23. The firm has a market cap of $11.12 billion and a PE ratio of 34.29. The firm has a 50-day moving average of $53.55 and a 200 day moving average of $51.98. 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 (NYSE:ULS - Get Free Report) last released its quarterly 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 analysts' expectations of $726.54 million. On average, sell-side analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Increases Dividend

The firm 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 of this dividend was Friday, February 28th. This is an increase from UL Solutions's previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a dividend yield of 0.94%. UL Solutions's dividend payout ratio is 32.10%.

UL Solutions 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.