Argent Capital Management LLC Has $3.93 Million Stock Position in UL Solutions Inc. $ULS

Key Points

• Argent Capital Management increased its stake in UL Solutions by 32.3% to 49,816 shares, a position valued at about $3.93 million at quarter end.
• UL Solutions beat quarterly expectations with $0.53 EPS vs. $0.46 expected and $789 million in revenue (up 6.8% year-over-year), and raised its quarterly dividend to $0.145 (annualized $0.58, ~0.7% yield).
• Analysts are mixed — the stock carries an average "Hold" rating with a mean target of $87.60; UL Solutions has a market cap of $16.76 billion and a P/E of 52.44 while trading near $83.38 (1‑year range $49.93–$91.95).

Argent Capital Management LLC increased its stake in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 32.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,816 shares of the company's stock after acquiring an additional 12,173 shares during the quarter. Argent Capital Management LLC's holdings in UL Solutions were worth $3,928,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Assetmark Inc. acquired a new stake in UL Solutions in the 3rd quarter worth $40,000. Northwestern Mutual Wealth Management Co. raised its position in shares of UL Solutions by 3,070.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company's stock valued at $46,000 after buying an additional 614 shares during the last quarter. Rhumbline Advisers acquired a new position in shares of UL Solutions during the first quarter valued at about $49,000. PNC Financial Services Group Inc. lifted its stake in shares of UL Solutions by 28.2% in the second quarter. PNC Financial Services Group Inc. now owns 731 shares of the company's stock valued at $53,000 after buying an additional 161 shares during the period. Finally, HM Payson & Co. acquired a new stake in UL Solutions during the third quarter worth about $70,000.

UL Solutions Trading Down 3.5%

ULS stock opened at $83.38 on Friday. UL Solutions Inc. has a 1-year low of $49.93 and a 1-year high of $91.95. The firm has a market cap of $16.76 billion, a P/E ratio of 52.44, a P/E/G ratio of 3.55 and a beta of 0.87. The business's 50 day moving average is $77.18 and its 200-day moving average is $77.29. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38.

UL Solutions (NYSE:ULS - Get Free Report) last issued its earnings results on Thursday, February 19th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.07. The business had revenue of $789.00 million during the quarter, compared to analysts' expectations of $782.37 million. UL Solutions had a return on equity of 31.62% and a net margin of 10.61%.UL Solutions's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 EPS. Equities analysts anticipate that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.145 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is a boost from UL Solutions's previous quarterly dividend of $0.13. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.7%. UL Solutions's dividend payout ratio (DPR) is 36.48%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Robert W. Baird lowered their price target on UL Solutions from $97.00 to $96.00 and set an "outperform" rating on the stock in a research note on Friday, February 20th. UBS Group lifted their price objective on UL Solutions from $85.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, February 20th. Wells Fargo & Company boosted their price objective on UL Solutions from $97.00 to $102.00 and gave the company an "overweight" rating in a research report on Friday, February 20th. Bank of America upped their target price on UL Solutions to $86.00 and gave the company a "buy" rating in a research note on Tuesday, February 17th. Finally, Citigroup reduced their target price on UL Solutions from $88.10 to $87.80 and set a "neutral" rating for the company in a research report on Tuesday, February 24th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $87.60.

About UL Solutions

UL Solutions NYSE: ULS is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters' Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.

The company's core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.

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