BNP Paribas Financial Markets Acquires 84,493 Shares of UL Solutions Inc. (NYSE:ULS)

BNP Paribas Financial Markets increased its position in UL Solutions Inc. (NYSE:ULS - Free Report) by 111.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 160,019 shares of the company's stock after purchasing an additional 84,493 shares during the period. BNP Paribas Financial Markets owned approximately 0.08% of UL Solutions worth $7,982,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ULS. Capital International Investors raised its stake in shares of UL Solutions by 7.4% during the 4th quarter. Capital International Investors now owns 11,691,957 shares of the company's stock worth $583,324,000 after purchasing an additional 809,779 shares during the period. Vanguard Group Inc. increased its position in shares of UL Solutions by 7.8% during the fourth quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company's stock valued at $278,016,000 after buying an additional 401,492 shares during the period. JPMorgan Chase & Co. increased its position in shares of UL Solutions by 29.3% during 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 period. T. Rowe Price Investment Management Inc. increased its position in shares of UL Solutions by 88.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,224,709 shares of the company's stock valued at $210,729,000 after buying an additional 1,987,295 shares during the period. Finally, FMR LLC increased its position in shares of UL Solutions by 17.2% during the fourth quarter. FMR LLC now owns 4,178,072 shares of the company's stock valued at $208,402,000 after buying an additional 612,834 shares during the period.

UL Solutions Price Performance

Shares of NYSE ULS traded down $1.48 during midday trading on Wednesday, hitting $69.66. 1,099,682 shares of the company's stock were exchanged, compared to its average volume of 766,822. The company has a market cap of $13.94 billion and a price-to-earnings ratio of 43.00. The business's fifty day moving average price is $56.86 and its two-hundred day moving average price is $53.92. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. UL Solutions Inc. has a 12-month low of $36.52 and a 12-month high of $71.95.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Citigroup reiterated a "neutral" rating and set a $71.00 price target (up from $60.50) on shares of UL Solutions in a research report on Wednesday. The Goldman Sachs Group upped their price target on UL Solutions from $57.00 to $63.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Raymond James upped their price target on UL Solutions from $60.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Wells Fargo & Company boosted their price objective on UL Solutions from $65.00 to $77.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Finally, Robert W. Baird boosted their price objective on UL Solutions from $60.00 to $73.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $69.43.

Insider Activity

In other news, EVP Alberto Uggetti sold 1,961 shares of the 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 completion of the sale, the executive vice president now owns 9,285 shares of the company's stock, valued at approximately $649,950. This represents a 17.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gitte Schjotz sold 7,000 shares of the 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 sale, the insider now directly owns 46,889 shares of the company's stock, valued at approximately $3,162,194.16. This trade represents a 12.99% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,899 shares of company stock valued at $712,064. 1.20% of the stock is currently owned by company insiders.

About UL Solutions

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.