UL Solutions Inc. (NYSE:ULS) Position Trimmed by Barclays PLC

Barclays PLC trimmed its position in UL Solutions Inc. (NYSE:ULS - Free Report) by 29.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,103 shares of the company's stock after selling 6,982 shares during the period. Barclays PLC's holdings in UL Solutions were worth $854,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank acquired a new stake in UL Solutions during the 4th quarter worth about $173,869,000. JPMorgan Chase & Co. boosted its position in UL Solutions by 29.3% in the third quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company's stock valued at $222,658,000 after buying an additional 1,022,851 shares during the last quarter. Wellington Management Group LLP purchased a new position in UL Solutions during the 4th quarter worth approximately $32,091,000. FMR LLC lifted its stake in UL Solutions by 17.2% during the 4th quarter. FMR LLC now owns 4,178,072 shares of the company's stock valued at $208,402,000 after acquiring an additional 612,834 shares during the period. Finally, Burkehill Global Management LP purchased a new stake in shares of UL Solutions in the 4th quarter valued at $24,940,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ULS. UBS Group raised their price objective on shares of UL Solutions from $58.00 to $72.00 and gave the stock a "neutral" rating in a research note on Wednesday. Citigroup upped their price target on UL Solutions from $60.00 to $60.50 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Robert W. Baird lifted their target price on UL Solutions from $60.00 to $73.00 and gave the stock a "neutral" rating in a research report on Wednesday. Wells Fargo & Company raised their target price on shares of UL Solutions from $65.00 to $77.00 and gave the stock an "overweight" rating in a research note on Wednesday. Finally, The Goldman Sachs Group raised their price objective on shares of UL Solutions from $57.00 to $63.00 and gave the company a "neutral" rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $67.93.

Insider Transactions at UL Solutions

In other UL Solutions news, EVP Alberto Uggetti sold 1,961 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $70.00, for a total transaction of $137,270.00. Following the sale, the executive vice president now owns 9,285 shares in the company, valued at $649,950. This represents a 17.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Gitte Schjotz sold 7,000 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $67.44, for a total value of $472,080.00. Following the completion of the sale, the insider now owns 46,889 shares of the company's stock, valued at $3,162,194.16. This trade represents a 12.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,899 shares of company stock valued at $712,064. Corporate insiders own 1.20% of the company's stock.

UL Solutions Price Performance

UL Solutions stock traded down $0.40 during midday trading on Friday, reaching $70.09. 937,406 shares of the company were exchanged, compared to its average volume of 756,563. The company has a market capitalization of $14.03 billion and a price-to-earnings ratio of 43.27. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. UL Solutions Inc. has a 1 year low of $36.51 and a 1 year high of $71.89. The firm's 50-day simple moving average is $56.12 and its 200-day simple moving average is $53.68.

UL Solutions (NYSE:ULS - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The business had revenue of $705.00 million for the quarter, compared to analyst estimates of $704.19 million. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. On average, analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current year.

UL Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 28th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, February 28th. This is a boost from UL Solutions's previous quarterly dividend of $0.13. UL Solutions's dividend payout ratio is currently 31.14%.

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.