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

Several other large investors have also modified their holdings of the company. Janus Henderson Group PLC boosted its holdings in shares of UL Solutions by 3.5% in the fourth quarter. Janus Henderson Group PLC now owns 2,389,077 shares of the company's stock valued at $119,164,000 after acquiring an additional 81,426 shares during the period. Bessemer Group Inc. acquired a new stake in shares of UL Solutions in the first quarter valued at approximately $80,618,000. Conestoga Capital Advisors LLC boosted its holdings in shares of UL Solutions by 0.6% in the first quarter. Conestoga Capital Advisors LLC now owns 710,302 shares of the company's stock valued at $40,061,000 after acquiring an additional 4,367 shares during the period. Two Sigma Investments LP boosted its holdings in shares of UL Solutions by 31.5% in the fourth quarter. Two Sigma Investments LP now owns 692,510 shares of the company's stock valued at $34,542,000 after acquiring an additional 165,746 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in shares of UL Solutions by 1.9% in the first quarter. Federated Hermes Inc. now owns 657,200 shares of the company's stock valued at $37,066,000 after acquiring an additional 12,400 shares during the period.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ULS. Citigroup reaffirmed a "neutral" rating and set a $71.00 price target (up from $60.50) on shares of UL Solutions in a report on Wednesday, May 14th. Robert W. Baird increased their price target on UL Solutions from $60.00 to $73.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Raymond James Financial increased their price target on UL Solutions from $60.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Wells Fargo & Company increased their price target on UL Solutions from $65.00 to $77.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Finally, UBS Group decreased their price target on UL Solutions from $72.00 to $70.00 and set a "neutral" rating for the company in a report on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $70.86.

UL Solutions Price Performance

UL Solutions stock traded down $1.31 during midday trading on Wednesday, reaching $62.71. The company's stock had a trading volume of 1,044,783 shares, compared to its average volume of 813,551. UL Solutions Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $74.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.32 and a current ratio of 1.32. The stock's 50 day simple moving average is $68.86 and its 200 day simple moving average is $63.70. The firm has a market capitalization of $12.60 billion, a PE ratio of 38.71 and a beta of 0.97.

UL Solutions (NYSE:ULS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.05. UL Solutions had a return on equity of 37.33% and a net margin of 11.08%.The business had revenue of $776.00 million during the quarter, compared to analysts' expectations of $771.55 million. During the same quarter last year, the business posted $0.44 earnings per share. The business's revenue for the quarter was up 6.3% on a year-over-year basis. On average, equities research analysts forecast that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Announces Dividend

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

UL Solutions 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.