Versor Investments LP acquired a new position in UL Solutions Inc. (NYSE:ULS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,530 shares of the company's stock, valued at approximately $376,000.
Several other large investors have also recently bought and sold shares of the business. Phillips Wealth Planners LLC purchased a new position in shares of UL Solutions in the third quarter valued at $218,000. WoodTrust Financial Corp purchased a new position in shares of UL Solutions in the third quarter valued at $228,000. AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of UL Solutions in the third quarter valued at $9,615,000. Victory Capital Management Inc. increased its position in shares of UL Solutions by 377.1% in the third quarter. Victory Capital Management Inc. now owns 23,540 shares of the company's stock valued at $1,161,000 after buying an additional 18,606 shares in the last quarter. Finally, Swiss National Bank purchased a new position in shares of UL Solutions in the third quarter valued at $5,576,000.
Analyst Ratings Changes
A number of brokerages have recently weighed in on ULS. Citigroup raised their price target on UL Solutions from $60.00 to $60.50 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Robert W. Baird raised their price target on UL Solutions from $53.00 to $57.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. Wells Fargo & Company increased their price objective on UL Solutions from $56.00 to $62.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. UBS Group increased their price objective on UL Solutions from $52.00 to $54.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their price objective on UL Solutions from $51.00 to $57.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, UL Solutions has an average rating of "Moderate Buy" and an average target price of $51.45.
Check Out Our Latest Research Report on ULS
UL Solutions Trading Down 2.9 %
Shares of NYSE ULS traded down $1.52 during midday trading on Thursday, hitting $51.08. The stock had a trading volume of 53,246 shares, compared to its average volume of 483,925. The company has a market capitalization of $10.22 billion and a price-to-earnings ratio of 31.62. UL Solutions Inc. has a 1-year low of $33.15 and a 1-year high of $59.23. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. The company has a fifty day moving average price of $52.76 and a 200 day moving average price of $52.06.
UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.11. The business had revenue of $739.00 million for the quarter, compared to analyst estimates of $726.54 million. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. On average, analysts predict that UL Solutions Inc. will post 1.69 earnings per share for the current year.
UL Solutions Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 28th will be 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 dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, February 28th. UL Solutions's payout ratio is currently 32.10%.
Insider Activity
In related news, insider Gitte Schjotz sold 5,941 shares of the firm's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $52.58, for a total transaction of $312,377.78. Following the sale, the insider now directly owns 69,191 shares in the company, valued at approximately $3,638,062.78. This trade represents a 7.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
UL Solutions Company Profile
(
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.
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