UL Solutions Inc. (NYSE:ULS) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in UL Solutions Inc. (NYSE:ULS - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,573,695 shares of the company's stock after acquiring an additional 401,492 shares during the quarter. Vanguard Group Inc. owned 2.79% of UL Solutions worth $278,016,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its holdings in shares of UL Solutions by 653.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock valued at $33,000 after purchasing an additional 582 shares in the last quarter. Northwest & Ethical Investments L.P. increased its holdings in UL Solutions by 23.5% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock valued at $105,000 after buying an additional 400 shares in the last quarter. KBC Group NV purchased a new position in UL Solutions in the fourth quarter valued at about $163,000. Sanctuary Advisors LLC acquired a new stake in shares of UL Solutions during the 4th quarter valued at approximately $221,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of UL Solutions during the 3rd quarter worth approximately $278,000.

Insider Buying and Selling

In other UL Solutions news, EVP Alberto Uggetti sold 1,938 shares of UL Solutions stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $53.00, for a total value of $102,714.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this link.

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Wall Street Analyst Weigh In

ULS has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on UL Solutions from $55.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. The Goldman Sachs Group raised their price target on UL Solutions from $51.00 to $57.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. Finally, Citigroup boosted their price objective 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. Four research 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $51.45.

UL Solutions Trading Up 4.2 %

NYSE:ULS traded up $2.22 on Wednesday, reaching $55.30. The stock had a trading volume of 2,928,417 shares, compared to its average volume of 780,819. The company has a market cap of $11.07 billion and a price-to-earnings ratio of 34.14. UL Solutions Inc. has a 12-month low of $33.15 and a 12-month high of $59.23. 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 firm's fifty day moving average is $54.07 and its two-hundred day moving average is $52.50.

UL Solutions (NYSE:ULS - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.11. The firm had revenue of $739.00 million for the quarter, compared to analyst estimates of $726.54 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. Equities analysts expect that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were paid a $0.13 dividend. This is a positive change from UL Solutions's previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Friday, February 28th. UL Solutions's dividend payout ratio is presently 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.