Deutsche Bank AG Sells 41,413 Shares of UL Solutions Inc. $ULS

Key Points

• Deutsche Bank AG reduced its stake in UL Solutions Inc. by 93.4%, selling 41,413 shares and ending with 2,945 shares, valued at $166,000.
• UL Solutions announced a quarterly dividend of $0.13 per share, representing a 0.8% yield, with the ex-dividend date set for August 29th.
• The company reported a quarterly earnings per share (EPS) of $0.52, exceeding expectations, alongside a revenue increase of 6.3% year-over-year to $776 million.

Deutsche Bank AG reduced its holdings in UL Solutions Inc. (NYSE:ULS - Free Report) by 93.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,945 shares of the company's stock after selling 41,413 shares during the period. Deutsche Bank AG's holdings in UL Solutions were worth $166,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ULS. First Trust Advisors LP lifted its holdings in UL Solutions by 3.4% in the fourth quarter. First Trust Advisors LP now owns 66,521 shares of the company's stock valued at $3,318,000 after buying an additional 2,210 shares during the period. Stifel Financial Corp lifted its holdings in UL Solutions by 40.6% in the fourth quarter. Stifel Financial Corp now owns 42,881 shares of the company's stock valued at $2,139,000 after buying an additional 12,381 shares during the period. Hsbc Holdings PLC acquired a new position in UL Solutions in the fourth quarter valued at approximately $521,000. Price T Rowe Associates Inc. MD lifted its holdings in UL Solutions by 42.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,782 shares of the company's stock valued at $688,000 after buying an additional 4,100 shares during the period. Finally, Quarry LP acquired a new position in UL Solutions in the fourth quarter valued at approximately $32,000.

Analyst Ratings Changes

Several equities analysts recently weighed in on ULS shares. UBS Group cut their price objective on shares of UL Solutions from $72.00 to $70.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Citigroup restated a "neutral" rating and issued a $71.00 price objective (up from $60.50) on shares of UL Solutions in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of UL Solutions from $64.00 to $70.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, UL Solutions currently has an average rating of "Hold" and an average target price of $70.86.

UL Solutions Trading Up 0.7%

ULS traded up $0.46 during mid-day trading on Friday, hitting $63.85. The stock had a trading volume of 638,806 shares, compared to its average volume of 888,465. The stock's fifty day simple moving average is $68.36 and its 200-day simple moving average is $63.79. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.32 and a quick ratio of 1.32. UL Solutions Inc. has a 1-year low of $46.79 and a 1-year high of $74.15. The firm has a market capitalization of $12.83 billion, a price-to-earnings ratio of 39.41 and a beta of 0.97.

UL Solutions (NYSE:ULS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.05. The company had revenue of $776.00 million during the quarter, compared to the consensus estimate of $771.55 million. UL Solutions had a net margin of 11.08% and a return on equity of 37.33%. The firm's revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 earnings per share. As a group, research analysts forecast that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 8th. Investors of record on Friday, August 29th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.52 dividend on an annualized basis and a yield of 0.8%. UL Solutions's dividend payout ratio (DPR) is 32.10%.

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.