Asset Management One Co. Ltd. Makes New Investment in UL Solutions Inc. $ULS

Key Points

• Asset Management One opened a new position in UL Solutions, buying 22,286 shares in Q4 worth about $1.8M, while other institutions (including RBC, Goldman Sachs and UBS) materially increased their holdings.
• UL Solutions beat quarterly estimates (EPS $0.53 vs $0.46; revenue $789M vs $782M), reported 6.8% YoY revenue growth, and raised its quarterly dividend to $0.145 (annualized $0.58, ~0.6% yield).
• Analyst sentiment is a "Moderate Buy" with a consensus target of $88.42 (price targets roughly $85–$102), while CEO Jennifer Scanlon sold 12,500 shares under a pre-arranged Rule 10b5‑1 plan, reducing her stake by about 5.86%.

Asset Management One Co. Ltd. bought a new position in shares of UL Solutions Inc. (NYSE:ULS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,286 shares of the company's stock, valued at approximately $1,802,000.

A number of other institutional investors also recently bought and sold shares of ULS. Royal Bank of Canada boosted its position in UL Solutions by 119.5% during the first quarter. Royal Bank of Canada now owns 143,431 shares of the company's stock worth $8,090,000 after purchasing an additional 78,081 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in UL Solutions by 104.3% during the first quarter. Goldman Sachs Group Inc. now owns 460,160 shares of the company's stock worth $25,953,000 after purchasing an additional 234,913 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in UL Solutions by 11.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,771 shares of the company's stock worth $6,981,000 after purchasing an additional 13,205 shares in the last quarter. Rhumbline Advisers purchased a new stake in UL Solutions during the first quarter worth $49,000. Finally, Creative Planning purchased a new stake in UL Solutions during the second quarter worth $208,000.

Wall Street Analyst Weigh In

A number of research firms have commented on ULS. BNP Paribas Exane began coverage on UL Solutions in a research report on Monday. They set a "neutral" rating and a $95.00 target price on the stock. UBS Group boosted their price target on UL Solutions from $85.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, February 20th. Robert W. Baird cut their price target on UL Solutions from $97.00 to $96.00 and set an "outperform" rating for the company in a report on Friday, February 20th. Bank of America boosted their price target on UL Solutions to $86.00 and gave the stock a "buy" rating in a report on Tuesday, February 17th. Finally, Wells Fargo & Company boosted their price target on UL Solutions from $97.00 to $102.00 and gave the stock an "overweight" rating in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $88.42.

Insider Buying and Selling

In related news, CEO Jennifer F. Scanlon sold 12,500 shares of the company's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $85.50, for a total value of $1,068,750.00. Following the completion of the transaction, the chief executive officer directly owned 200,774 shares in the company, valued at approximately $17,166,177. This represents a 5.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company's stock.

UL Solutions Stock Performance

NYSE ULS opened at $89.54 on Friday. UL Solutions Inc. has a fifty-two week low of $55.38 and a fifty-two week high of $94.04. The stock has a market cap of $18.00 billion, a price-to-earnings ratio of 56.31, a price-to-earnings-growth ratio of 3.63 and a beta of 0.77. The business has a fifty day moving average of $83.60 and a 200-day moving average of $80.61. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.38.

UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings results on Thursday, February 19th. The company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.07. The company 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%.The business's revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. As a group, analysts predict that UL Solutions Inc. will post 2.02 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were paid a $0.145 dividend. The ex-dividend date was Monday, March 2nd. This is an increase from UL Solutions's previous quarterly dividend of $0.13. This represents a $0.58 annualized dividend and a yield of 0.6%. UL Solutions's payout ratio is currently 36.48%.

UL Solutions Profile

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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