Trexquant Investment LP bought a new position in shares of UL Solutions Inc. (NYSE:ULS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 58,097 shares of the company's stock, valued at approximately $2,898,000.
Other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its holdings in UL Solutions by 653.9% during the 4th 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. grew its position 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 buying an additional 400 shares during the period. KBC Group NV bought a new stake in shares of UL Solutions during the fourth quarter worth approximately $163,000. Signature Estate & Investment Advisors LLC acquired a new position in UL Solutions in the fourth quarter valued at approximately $201,000. Finally, Sanctuary Advisors LLC bought a new position in UL Solutions in the fourth quarter valued at approximately $221,000.
UL Solutions Stock Up 2.6 %
Shares of NYSE:ULS traded up $1.44 during midday trading on Friday, reaching $56.31. 1,226,694 shares of the company were exchanged, compared to its average volume of 784,167. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. 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 fifty day simple moving average of $54.14 and a two-hundred day simple moving average of $52.58. The firm has a market cap of $11.27 billion and a PE ratio of 34.76.
UL Solutions (NYSE:ULS - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.11. The business had revenue of $739.00 million for the quarter, compared to the consensus estimate of $726.54 million. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. As a group, sell-side analysts forecast that UL Solutions Inc. will post 1.69 earnings per share for the current year.
UL Solutions Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.92%. 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. UL Solutions's payout ratio is presently 32.10%.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. The Goldman Sachs Group upped their target price 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. Citigroup upped 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. Finally, JPMorgan Chase & Co. raised their target price on UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $51.45.
View Our Latest Research Report on ULS
Insiders Place Their Bets
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 stock was 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 of the company's stock, valued at $492,105. The trade was a 17.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
About UL Solutions
(
Free Report)
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.
See Also
Before you consider UL Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and UL Solutions wasn't on the list.
While UL Solutions currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
