SG Americas Securities LLC Purchases New Stake in UL Solutions Inc. (NYSE:ULS)

SG Americas Securities LLC purchased a new stake in UL Solutions Inc. (NYSE:ULS - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,387 shares of the company's stock, valued at approximately $417,000.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in UL Solutions by 7.8% during the 4th quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company's stock worth $278,016,000 after purchasing an additional 401,492 shares during the last quarter. Picton Mahoney Asset Management boosted its stake in shares of UL Solutions by 18.6% during the fourth quarter. Picton Mahoney Asset Management now owns 114,721 shares of the company's stock worth $5,722,000 after buying an additional 18,019 shares during the period. Vest Financial LLC purchased a new position in shares of UL Solutions during the first quarter worth about $881,000. Dynamic Technology Lab Private Ltd acquired a new position in UL Solutions in the 4th quarter valued at about $332,000. Finally, Wells Fargo & Company MN raised its stake in UL Solutions by 3.1% during the 4th quarter. Wells Fargo & Company MN now owns 225,874 shares of the company's stock valued at $11,267,000 after acquiring an additional 6,727 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of UL Solutions from $60.00 to $73.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. UBS Group lifted their target price on shares of UL Solutions from $58.00 to $72.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Citigroup reiterated a "neutral" rating and set a $71.00 price target (up from $60.50) on shares of UL Solutions in a research note on Wednesday, May 14th. Raymond James Financial raised their price objective on shares of UL Solutions from $60.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group boosted 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. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, UL Solutions has a consensus rating of "Hold" and an average price target of $69.43.

Insider Activity

In related news, EVP Alberto Uggetti sold 1,961 shares of UL Solutions stock in a transaction 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 transaction, the executive vice president now owns 9,285 shares in the company, valued at approximately $649,950. This trade represents a 17.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gitte Schjotz sold 7,000 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $67.44, for a total value of $472,080.00. Following the sale, the insider now owns 46,889 shares of the company's stock, valued at $3,162,194.16. This represents a 12.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

UL Solutions Trading Up 0.0%

ULS stock traded up $0.02 during midday trading on Friday, hitting $72.19. The stock had a trading volume of 1,058,835 shares, compared to its average volume of 757,191. The company's 50-day moving average price is $68.00 and its 200 day moving average price is $58.27. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market cap of $14.47 billion, a PE ratio of 43.23 and a beta of 1.21. UL Solutions Inc. has a 12-month low of $40.99 and a 12-month high of $73.98.

UL Solutions (NYSE:ULS - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.37 EPS for the quarter, beating 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 business had revenue of $705.00 million during the quarter, compared to the consensus estimate of $704.19 million. The company's quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts predict that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Announces Dividend

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

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.