10,682 Shares in UL Solutions Inc. (NYSE:ULS) Bought by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC acquired 10,682 shares of UL Solutions Inc., valued at approximately $602,000, marking a significant investment in the company during the first quarter.
• UL Solutions recently reported earnings per share (EPS) of $0.52, exceeding analysts' expectations and representing a 6.3% revenue growth compared to the previous year.
• The company announced a quarterly dividend of $0.13 per share, translating to an annualized yield of 0.8% and a payout ratio of 32.10%.

Natixis Advisors LLC bought a new position in shares of UL Solutions Inc. (NYSE:ULS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,682 shares of the company's stock, valued at approximately $602,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP purchased a new stake in UL Solutions in the fourth quarter valued at $32,000. Rhumbline Advisers purchased a new stake in UL Solutions in the first quarter valued at $49,000. Phillips Wealth Planners LLC purchased a new stake in UL Solutions in the first quarter valued at $226,000. Sowell Financial Services LLC purchased a new stake in UL Solutions in the first quarter valued at $227,000. Finally, WoodTrust Financial Corp lifted its position in UL Solutions by 29.7% in the first quarter. WoodTrust Financial Corp now owns 6,000 shares of the company's stock valued at $338,000 after acquiring an additional 1,375 shares during the last quarter.

UL Solutions Trading Down 0.5%

Shares of UL Solutions stock opened at $66.33 on Tuesday. UL Solutions Inc. has a 52-week low of $46.79 and a 52-week high of $74.15. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.55. The company's 50-day simple moving average is $70.63 and its 200-day simple moving average is $62.57. The firm has a market cap of $13.30 billion, a price-to-earnings ratio of 40.95 and a beta of 1.00.

UL Solutions (NYSE:ULS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. UL Solutions had a net margin of 11.08% and a return on equity of 37.33%. The business had revenue of $776.00 million for the quarter, compared to analyst estimates of $771.55 million. During the same period in the previous year, the business posted $0.44 earnings per share. The business's revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 30th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, May 30th. UL Solutions's dividend payout ratio is presently 32.10%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of UL Solutions from $64.00 to $70.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Wells Fargo & Company upped their target price on shares of UL Solutions from $65.00 to $77.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. UBS Group decreased their target price on shares of UL Solutions from $72.00 to $70.00 and set a "neutral" rating for the company in a research note on Wednesday, August 6th. Citigroup reiterated a "neutral" rating and set a $71.00 target price (up previously from $60.50) on shares of UL Solutions in a research note on Wednesday, May 14th. Finally, Raymond James Financial increased their target price on shares of UL Solutions from $60.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $70.86.

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.

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