Swiss National Bank Invests $5.58 Million in UL Solutions Inc. (NYSE:ULS)

Swiss National Bank bought a new stake in UL Solutions Inc. (NYSE:ULS - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 113,100 shares of the company's stock, valued at approximately $5,576,000. Swiss National Bank owned 0.06% of UL Solutions as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Bellecapital International Ltd. purchased a new position in shares of UL Solutions in the second quarter valued at approximately $208,000. Raymond James & Associates acquired a new stake in shares of UL Solutions in the second quarter valued at $9,089,000. Hall Laurie J Trustee acquired a new stake in shares of UL Solutions in the second quarter valued at $2,066,000. TFC Financial Management Inc. purchased a new position in UL Solutions in the second quarter valued at $88,000. Finally, Bank of New York Mellon Corp acquired a new position in UL Solutions during the 2nd quarter worth $586,000.

Insider Buying and Selling at UL Solutions

In related news, major shareholder Ulse Inc. sold 3,000,000 shares of UL Solutions stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $49.00, for a total value of $147,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ULS shares. Citigroup started coverage on UL Solutions in a research note on Monday, October 7th. They issued a "buy" rating and a $60.00 price objective for the company. The Goldman Sachs Group lifted their price objective on shares of UL Solutions from $45.00 to $51.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Wells Fargo & Company increased their target price on UL Solutions from $56.00 to $62.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Robert W. Baird lifted their price target on UL Solutions from $53.00 to $57.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Finally, UBS Group increased their price objective on UL Solutions from $52.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $49.00.

UL Solutions Trading Down 1.3 %

Shares of ULS stock traded down $0.73 during trading hours on Thursday, hitting $53.65. The stock had a trading volume of 374,203 shares, compared to its average volume of 744,937. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. The stock's 50 day moving average is $51.57 and its 200 day moving average is $47.50. UL Solutions Inc. has a twelve month low of $33.15 and a twelve month high of $59.23.

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

UL Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Friday, November 29th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Friday, November 29th.

About UL Solutions

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.