Baker Chad R Purchases 53,200 Shares of UL Solutions Inc. (NYSE:ULS)

Baker Chad R raised its position in UL Solutions Inc. (NYSE:ULS - Free Report) by 47.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,500 shares of the company's stock after buying an additional 53,200 shares during the quarter. UL Solutions accounts for 1.9% of Baker Chad R's holdings, making the stock its 21st biggest holding. Baker Chad R owned 0.08% of UL Solutions worth $9,334,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in ULS. Vanguard Group Inc. increased its stake in UL Solutions by 7.8% during the 4th quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company's stock worth $278,016,000 after acquiring an additional 401,492 shares during the period. Picton Mahoney Asset Management grew its holdings in shares of UL Solutions by 18.6% during the 4th quarter. Picton Mahoney Asset Management now owns 114,721 shares of the company's stock worth $5,722,000 after purchasing an additional 18,019 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of UL Solutions in the fourth quarter worth $332,000. Wells Fargo & Company MN raised its stake in UL Solutions by 3.1% in the fourth quarter. Wells Fargo & Company MN now owns 225,874 shares of the company's stock valued at $11,267,000 after purchasing an additional 6,727 shares in the last quarter. Finally, Blackstone Inc. grew its stake in UL Solutions by 11.1% during the fourth quarter. Blackstone Inc. now owns 250,000 shares of the company's stock worth $12,470,000 after buying an additional 25,000 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ULS shares. Wells Fargo & Company upped their price target 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. Raymond James raised their target price on UL Solutions from $60.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. lifted their price target on UL Solutions from $55.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Robert W. Baird upped their price objective on UL Solutions from $60.00 to $73.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $71.00 price objective (up from $60.50) on shares of UL Solutions in a research note on Wednesday, May 14th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, UL Solutions has an average rating of "Hold" and a consensus target price of $69.43.

UL Solutions Price Performance

Shares of NYSE ULS traded up $0.03 during mid-day trading on Friday, hitting $70.41. 458,767 shares of the stock traded hands, compared to its average volume of 764,608. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market cap of $14.12 billion, a PE ratio of 43.46 and a beta of 1.21. UL Solutions Inc. has a twelve month low of $39.86 and a twelve month high of $72.81. The firm has a 50 day simple moving average of $64.49 and a two-hundred day simple moving average of $56.86.

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 the consensus estimate of $0.32 by $0.05. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The company had revenue of $705.00 million during the quarter, compared to the consensus estimate of $704.19 million. The company's quarterly revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts forecast that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 30th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.74%. UL Solutions's dividend payout ratio (DPR) is presently 31.14%.

Insider Buying and Selling

In other UL Solutions news, EVP Alberto Uggetti sold 1,961 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $70.00, for a total transaction of $137,270.00. Following the completion of the sale, the executive vice president now owns 9,285 shares of the company's stock, valued at approximately $649,950. This represents a 17.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gitte Schjotz sold 7,000 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $67.44, for a total transaction 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 represents 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 currently owned by insiders.

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.