Lisanti Capital Growth LLC Acquires 24,535 Shares of UL Solutions Inc. (NYSE:ULS)

Lisanti Capital Growth LLC raised its position in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 26.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,155 shares of the company's stock after buying an additional 24,535 shares during the quarter. UL Solutions comprises 2.0% of Lisanti Capital Growth LLC's portfolio, making the stock its 5th biggest holding. Lisanti Capital Growth LLC owned approximately 0.06% of UL Solutions worth $6,664,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Quarry LP purchased a new position in UL Solutions during the fourth quarter worth $32,000. PNC Financial Services Group Inc. lifted its holdings 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 worth $33,000 after acquiring an additional 582 shares during the last quarter. Rhumbline Advisers purchased a new position in shares of UL Solutions during the 1st quarter worth about $49,000. Northwest & Ethical Investments L.P. grew its holdings 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 valued at $105,000 after purchasing an additional 400 shares during the last quarter. Finally, Phillips Wealth Planners LLC purchased a new stake in UL Solutions in the 1st quarter worth about $226,000.

UL Solutions Stock Performance

NYSE:ULS traded up $0.31 during trading hours on Monday, reaching $72.48. The company had a trading volume of 81,408 shares, compared to its average volume of 754,544. The business's 50 day moving average price is $68.00 and its 200-day moving average price is $58.32. UL Solutions Inc. has a 1-year low of $40.99 and a 1-year high of $73.98. The firm has a market cap of $14.53 billion, a PE ratio of 43.40 and a beta of 1.20. 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 released its quarterly earnings results on Tuesday, May 6th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.05. UL Solutions had a return on equity of 40.79% and a net margin of 11.60%. The company had revenue of $705.00 million during the quarter, compared to analysts' expectations of $704.19 million. The business's revenue was up 5.2% compared to the same quarter last year. Research analysts forecast that UL Solutions Inc. will post 1.69 EPS for the current year.

UL Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 30th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date was Friday, May 30th. UL Solutions's dividend payout ratio is presently 31.14%.

Insiders Place Their Bets

In related 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 transaction, 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 position. The transaction 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 dated Wednesday, May 7th. The shares were sold at an average price of $67.44, for a total value of $472,080.00. Following the transaction, the insider now owns 46,889 shares of the company's stock, valued at $3,162,194.16. This trade 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 company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on ULS. Wells Fargo & Company lifted their target price 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 increased their target price on UL Solutions from $60.00 to $73.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Raymond James Financial lifted their price objective on shares of UL Solutions from $60.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. UBS Group upped their target price on UL Solutions from $58.00 to $72.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $71.00 price target (up previously from $60.50) on shares of UL Solutions in a report on Wednesday, May 14th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $69.43.

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.