Thrivent Financial for Lutherans Invests $677,000 in UL Solutions Inc. (NYSE:ULS)

Thrivent Financial for Lutherans bought a new stake in shares of UL Solutions Inc. (NYSE:ULS - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,582 shares of the company's stock, valued at approximately $677,000.

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

Analyst Ratings Changes

ULS has been the topic of several recent analyst reports. Citigroup upped their target price on UL Solutions from $60.00 to $60.50 and gave the company a "buy" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. raised their target price on shares of UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group upped their target price on UL Solutions from $51.00 to $57.00 and gave the stock a "neutral" rating in a research note 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.45.

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UL Solutions Trading Down 5.2 %

UL Solutions stock traded down $2.97 during midday trading on Friday, hitting $54.41. 2,693,849 shares of the stock were exchanged, compared to its average volume of 765,962. UL Solutions Inc. has a fifty-two week low of $33.15 and a fifty-two week high of $59.23. The stock has a market capitalization of $10.89 billion and a price-to-earnings ratio of 33.59. The stock's 50-day simple moving average is $54.03 and its 200 day simple moving average is $52.29. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85.

UL Solutions (NYSE:ULS - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.11. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The company had revenue of $739.00 million for the quarter, compared to analysts' expectations of $726.54 million. On average, equities analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current year.

UL Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 28th were paid a $0.13 dividend. This is an increase from UL Solutions's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.96%. UL Solutions's payout ratio is 32.10%.

Insider Transactions at UL Solutions

In other UL Solutions news, EVP Alberto Uggetti sold 1,938 shares of the business's 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 completion of the transaction, the executive vice president now owns 9,285 shares in the company, valued at $492,105. The trade was a 17.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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.