15,623 Shares in UL Solutions Inc. (NYSE:ULS) Purchased by Vest Financial LLC

Vest Financial LLC purchased a new stake in shares of UL Solutions Inc. (NYSE:ULS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,623 shares of the company's stock, valued at approximately $881,000.

Several other institutional investors have also added to or reduced their stakes in ULS. JPMorgan Chase & Co. raised its position in shares of UL Solutions by 29.3% during the 3rd 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 in the last quarter. Entropy Technologies LP bought a new stake in UL Solutions during the fourth quarter worth approximately $1,202,000. Legato Capital Management LLC raised its position in UL Solutions by 40.0% during the fourth quarter. Legato Capital Management LLC now owns 13,695 shares of the company's stock valued at $683,000 after purchasing an additional 3,910 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of UL Solutions in the 4th quarter valued at approximately $221,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of UL Solutions by 532.9% in the 4th quarter. Bank of New York Mellon Corp now owns 142,632 shares of the company's stock worth $7,114,000 after purchasing an additional 120,097 shares during the period.

UL Solutions Stock Performance

NYSE:ULS opened at $71.18 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market capitalization of $14.27 billion, a PE ratio of 43.94 and a beta of 1.21. UL Solutions Inc. has a fifty-two week low of $38.50 and a fifty-two week high of $72.81. The company has a fifty day moving average of $63.32 and a two-hundred day moving average of $56.46.

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

UL Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, May 30th. UL Solutions's dividend payout ratio (DPR) is presently 31.14%.

Analysts Set New Price Targets

Several research firms have recently issued reports on ULS. UBS Group raised their target price on shares of UL Solutions from $58.00 to $72.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Citigroup reissued a "neutral" rating and issued a $71.00 price objective (up previously from $60.50) on shares of UL Solutions in a research note on Wednesday, May 14th. Raymond James upped their target price on UL Solutions from $60.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. increased their price target on UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, The Goldman Sachs Group boosted their price objective on UL Solutions from $57.00 to $63.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $69.43.

Insider Buying and Selling at UL Solutions

In related news, EVP Alberto Uggetti sold 1,961 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now directly owns 9,285 shares in the company, valued at $649,950. This trade represents a 17.44% decrease in their position. The sale was disclosed in a legal 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 on Wednesday, May 7th. The stock was sold at an average price of $67.44, for a total value of $472,080.00. Following the transaction, the insider now directly owns 46,889 shares of the company's stock, valued at $3,162,194.16. The trade was a 12.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

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.

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