AEGON ASSET MANAGEMENT UK Plc Buys 38,882 Shares of UL Solutions Inc. (NYSE:ULS)

AEGON ASSET MANAGEMENT UK Plc increased its holdings in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 16.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 274,383 shares of the company's stock after purchasing an additional 38,882 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned 0.14% of UL Solutions worth $15,475,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of ULS. Norges Bank bought a new stake in shares of UL Solutions in the fourth quarter valued at about $173,869,000. T. Rowe Price Investment Management Inc. lifted its stake in 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 worth $210,729,000 after purchasing an additional 1,987,295 shares during the last quarter. JPMorgan Chase & Co. boosted its stake 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 in the last quarter. Capital International Investors grew its stake in shares of UL Solutions by 7.4% during the fourth quarter. Capital International Investors now owns 11,691,957 shares of the company's stock worth $583,324,000 after buying an additional 809,779 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in UL Solutions in the 4th quarter valued at approximately $32,091,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ULS. Robert W. Baird raised their price objective on shares of UL Solutions from $60.00 to $73.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Raymond James boosted their price objective on UL Solutions from $60.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. UBS Group lifted their price target on UL Solutions from $58.00 to $72.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Wells Fargo & Company upped their target price on shares of UL Solutions from $65.00 to $77.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Finally, Citigroup reissued a "neutral" rating and set a $71.00 price objective (up previously from $60.50) on shares of UL Solutions in a report on Wednesday, May 14th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $69.43.

UL Solutions Trading Down 1.1%

UL Solutions stock traded down $0.77 during trading hours on Thursday, reaching $71.12. The company had a trading volume of 467,661 shares, compared to its average volume of 759,365. 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 $38.34 and a 12-month high of $72.81. The company has a 50-day moving average price of $62.76 and a 200 day moving average price of $56.13. The firm has a market cap of $14.26 billion, a price-to-earnings ratio of 43.90 and a beta of 1.21.

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

UL Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Friday, May 30th will be issued a $0.13 dividend. 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 currently 31.14%.

Insider Activity

In related news, insider Gitte Schjotz sold 7,000 shares of UL Solutions stock in a transaction dated Wednesday, May 7th. The stock was 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 directly owns 46,889 shares in the company, valued at approximately $3,162,194.16. This trade represents a 12.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alberto Uggetti sold 1,938 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $53.00, for a total transaction of $102,714.00. Following the transaction, the executive vice president now directly owns 9,285 shares of the company's stock, valued at $492,105. The trade was a 17.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, 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 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.