Conestoga Capital Advisors LLC Has $40.06 Million Holdings in UL Solutions Inc. (NYSE:ULS)

Conestoga Capital Advisors LLC lifted its stake in UL Solutions Inc. (NYSE:ULS - Free Report) by 0.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 710,302 shares of the company's stock after purchasing an additional 4,367 shares during the quarter. Conestoga Capital Advisors LLC owned 0.35% of UL Solutions worth $40,061,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ULS. Quarry LP acquired a new position in shares of UL Solutions in the fourth quarter worth about $32,000. PNC Financial Services Group Inc. lifted its position in shares of UL Solutions by 653.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock valued at $33,000 after acquiring an additional 582 shares in the last quarter. Rhumbline Advisers acquired a new position in UL Solutions in the 1st quarter worth approximately $49,000. Northwest & Ethical Investments L.P. grew its position in UL Solutions by 23.5% during 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, Sanctuary Advisors LLC purchased a new position in UL Solutions during the 4th quarter worth approximately $221,000.

Insider Buying and Selling

In related news, insider Gitte Schjotz sold 7,000 shares of the firm'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 value of $472,080.00. Following the transaction, the insider now directly owns 46,889 shares of the company's stock, valued at approximately $3,162,194.16. This trade represents a 12.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alberto Uggetti sold 1,961 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $70.00, for a total value 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 trade represents a 17.44% 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 corporate insiders.

UL Solutions Stock Down 0.4%

Shares of UL Solutions stock traded down $0.28 during trading on Friday, hitting $70.60. 1,591,842 shares of the stock traded hands, compared to its average volume of 781,995. The stock has a market cap of $14.16 billion, a P/E ratio of 42.28 and a beta of 1.21. The company has a fifty day moving average price of $66.15 and a two-hundred day moving average price of $57.45. UL Solutions Inc. has a twelve month low of $39.86 and a twelve month high of $72.81. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.24 and a current ratio of 1.24.

UL Solutions (NYSE:ULS - Get Free Report) last posted its earnings results 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 during the quarter, compared to analysts' expectations of $704.19 million. UL Solutions had a net margin of 11.60% and a return on equity of 40.79%. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. Equities research analysts predict that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 30th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, May 30th. UL Solutions's payout ratio is presently 31.14%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ULS. The Goldman Sachs Group raised their target price on UL Solutions from $57.00 to $63.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Wells Fargo & Company raised their price objective on UL Solutions from $65.00 to $77.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Robert W. Baird upped their target price on UL Solutions from $60.00 to $73.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. raised their price target on shares of UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Finally, Citigroup reiterated a "neutral" rating and issued a $71.00 price objective (up previously 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 assigned a buy rating to the company's stock. According to MarketBeat, UL Solutions presently has a consensus rating of "Hold" and a consensus price target of $69.43.

UL Solutions Company 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.