AEGON ASSET MANAGEMENT UK Plc Boosts Stock Holdings in UL Solutions Inc. (NYSE:ULS)

AEGON ASSET MANAGEMENT UK Plc raised its position in UL Solutions Inc. (NYSE:ULS - Free Report) by 16.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor 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 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP purchased a new position in shares of UL Solutions in the fourth quarter worth about $32,000. PNC Financial Services Group Inc. lifted its stake in UL Solutions by 653.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock worth $33,000 after purchasing an additional 582 shares in the last quarter. Rhumbline Advisers purchased a new position in UL Solutions in the 1st quarter worth approximately $49,000. Northwest & Ethical Investments L.P. lifted its stake in UL Solutions by 23.5% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock worth $105,000 after purchasing an additional 400 shares in the last quarter. Finally, KBC Group NV purchased a new position in UL Solutions during the fourth quarter worth approximately $163,000.

Insider Buying and Selling at UL Solutions

In other UL Solutions news, EVP Alberto Uggetti sold 1,961 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $70.00, for a total transaction of $137,270.00. Following the sale, the executive vice president now directly 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gitte Schjotz sold 7,000 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $67.44, for a total transaction of $472,080.00. Following the sale, the insider now directly owns 46,889 shares in the company, valued at approximately $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. 1.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ULS shares. JPMorgan Chase & Co. lifted their price objective on UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Wells Fargo & Company lifted their price target on UL Solutions from $65.00 to $77.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Citigroup reaffirmed a "neutral" rating and set a $71.00 target price (up from $60.50) on shares of UL Solutions in a research note on Wednesday, May 14th. Robert W. Baird lifted their target price on shares of UL Solutions from $60.00 to $73.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group lifted their target price on shares of UL Solutions from $57.00 to $63.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, UL Solutions has a consensus rating of "Hold" and an average target price of $69.43.

UL Solutions Trading Up 0.1%

ULS traded up $0.06 on Friday, hitting $71.18. The company had a trading volume of 507,517 shares, compared to its average volume of 761,910. The firm has a market cap of $14.27 billion, a P/E ratio of 43.94 and a beta of 1.21. UL Solutions Inc. has a 1 year low of $38.50 and a 1 year high of $72.81. The company's fifty day moving average price is $63.32 and its 200 day moving average price is $56.41. 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 (NYSE:ULS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.05. The firm had revenue of $705.00 million for the quarter, compared to analyst estimates of $704.19 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Friday, May 30th will be given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Friday, May 30th. UL Solutions's payout ratio is 31.14%.

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.