73,615 Shares in UL Solutions Inc. (NYSE:ULS) Acquired by Walleye Capital LLC

Walleye Capital LLC acquired a new stake in UL Solutions Inc. (NYSE:ULS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 73,615 shares of the company's stock, valued at approximately $3,672,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Tribune Investment Group LP acquired a new position in shares of UL Solutions in the 4th quarter valued at $5,237,000. Reynders McVeigh Capital Management LLC increased its stake in UL Solutions by 28.3% during the fourth quarter. Reynders McVeigh Capital Management LLC now owns 473,212 shares of the company's stock worth $23,604,000 after acquiring an additional 104,503 shares during the last quarter. Ranger Investment Management L.P. acquired a new position in shares of UL Solutions in the 4th quarter valued at about $13,914,000. Raymond James Financial Inc. acquired a new position in UL Solutions during the fourth quarter valued at approximately $18,345,000. Finally, Renaissance Technologies LLC increased its position in shares of UL Solutions by 17.7% in the fourth quarter. Renaissance Technologies LLC now owns 426,592 shares of the company's stock worth $21,278,000 after acquiring an additional 64,292 shares in the last quarter.

UL Solutions Stock Performance

ULS traded up $0.69 during trading hours on Wednesday, hitting $56.20. 171,470 shares of the stock were exchanged, compared to its average volume of 719,683. The stock has a market cap of $11.25 billion and a price-to-earnings ratio of 34.69. The stock has a 50-day simple moving average of $54.21 and a 200-day simple moving average of $52.88. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. UL Solutions Inc. has a 12 month low of $33.50 and a 12 month high of $59.23.

UL Solutions (NYSE:ULS - Get Free Report) last posted its quarterly 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 company had revenue of $739.00 million for the quarter, compared to the consensus estimate of $726.54 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. Analysts anticipate that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were issued a $0.13 dividend. This is an increase from UL Solutions's previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.93%. UL Solutions's dividend payout ratio (DPR) is 32.10%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. The Goldman Sachs Group raised their price objective on UL Solutions from $51.00 to $57.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. lifted their price objective on shares of UL Solutions from $55.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, Citigroup upped their target price on shares of UL Solutions from $60.00 to $60.50 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.45.

Insider Activity at UL Solutions

In other news, EVP Alberto Uggetti sold 1,938 shares of the company's stock in a transaction dated 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 approximately $492,105. This represents a 17.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.20% of the company's stock.

UL Solutions 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.