UL Solutions Inc. (NYSE:ULS) Position Increased by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC increased its position in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 26.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 118,155 shares of the company's stock after purchasing an additional 24,535 shares during the period. UL Solutions makes up 2.0% of Lisanti Capital Growth LLC's portfolio, making the stock its 5th largest holding. Lisanti Capital Growth LLC owned about 0.06% of UL Solutions worth $6,664,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Quarry LP bought a new position in UL Solutions in the 4th quarter valued at $32,000. PNC Financial Services Group Inc. boosted its stake in shares of UL Solutions by 653.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock valued at $33,000 after purchasing an additional 582 shares during the period. Rhumbline Advisers bought a new position in shares of UL Solutions in the first quarter worth about $49,000. Northwest & Ethical Investments L.P. increased its stake in UL Solutions by 23.5% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock worth $105,000 after buying an additional 400 shares during the period. Finally, Signature Estate & Investment Advisors LLC purchased a new position in UL Solutions in the 4th quarter worth about $201,000.

Insider Activity at UL Solutions

In other news, EVP Alberto Uggetti sold 1,961 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $70.00, for a total transaction of $137,270.00. Following the transaction, the executive vice president directly owned 9,285 shares of the company's stock, valued at approximately $649,950. This represents a 17.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gitte Schjotz sold 7,000 shares of the firm's stock in a transaction 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 completion of the sale, the insider directly owned 46,889 shares of the company's stock, valued at $3,162,194.16. The trade was a 12.99% decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on ULS shares. UBS Group boosted their price objective on shares of UL Solutions from $58.00 to $72.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Wells Fargo & Company boosted their price target on UL Solutions from $65.00 to $77.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Citigroup reaffirmed a "neutral" rating and set a $71.00 target price (up from $60.50) on shares of UL Solutions in a research report on Wednesday, May 14th. The Goldman Sachs Group raised their price target on UL Solutions from $57.00 to $63.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, Raymond James Financial lifted their price objective on UL Solutions from $60.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $69.43.

UL Solutions Stock Up 1.7%

NYSE ULS traded up $1.17 during midday trading on Wednesday, hitting $70.88. 1,565,992 shares of the company traded hands, compared to its average volume of 760,034. UL Solutions Inc. has a 52 week low of $41.69 and a 52 week high of $73.98. The company's 50-day simple moving average is $68.68 and its 200-day simple moving average is $58.55. The company has a market cap of $14.21 billion, a PE ratio of 42.44 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.24 and a quick ratio of 1.24.

UL Solutions (NYSE:ULS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.05. The company had revenue of $705.00 million for the quarter, compared to the consensus estimate of $704.19 million. UL Solutions had a return on equity of 40.79% and a net margin of 11.60%. The company's revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts forecast that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 30th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.52 annualized dividend and a dividend yield of 0.73%. UL Solutions's dividend payout ratio (DPR) is presently 31.14%.

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.