Sowell Financial Services LLC Invests $227,000 in UL Solutions Inc. (NYSE:ULS)

Sowell Financial Services LLC acquired a new stake in UL Solutions Inc. (NYSE:ULS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,030 shares of the company's stock, valued at approximately $227,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwest & Ethical Investments L.P. lifted 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 worth $105,000 after buying an additional 400 shares in the last quarter. PNC Financial Services Group Inc. increased its position 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 worth $33,000 after acquiring an additional 582 shares during the period. Quarry LP acquired a new stake in shares of UL Solutions in the fourth quarter valued at $32,000. Lisanti Capital Growth LLC raised its stake in shares of UL Solutions by 0.7% in the fourth quarter. Lisanti Capital Growth LLC now owns 93,620 shares of the company's stock valued at $4,670,000 after acquiring an additional 690 shares in the last quarter. Finally, Capital Group Investment Management PTE. LTD. boosted its holdings in UL Solutions by 3.4% in the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 21,735 shares of the company's stock valued at $1,084,000 after purchasing an additional 705 shares during the period.

Wall Street Analyst Weigh In

ULS has been the topic of several recent research reports. UBS Group upped their price target on UL Solutions from $58.00 to $72.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Raymond James Financial boosted their price objective on UL Solutions from $60.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Robert W. Baird raised their target price on shares of UL Solutions from $60.00 to $73.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. The Goldman Sachs Group lifted their price target on shares of UL Solutions from $57.00 to $63.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Finally, Wells Fargo & Company boosted their price target on shares of UL Solutions from $65.00 to $77.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $69.43.

Insider Activity at UL Solutions

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

UL Solutions Stock Up 2.3%

Shares of ULS traded up $1.63 during mid-day trading on Thursday, reaching $72.25. The company's stock had a trading volume of 1,363,860 shares, compared to its average volume of 759,517. 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 Inc. has a 12-month low of $39.86 and a 12-month high of $73.98. The stock has a market cap of $14.49 billion, a PE ratio of 43.27 and a beta of 1.21. The company's 50 day moving average is $67.33 and its 200 day moving average is $57.95.

UL Solutions (NYSE:ULS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.05. The firm had revenue of $705.00 million during 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%. UL Solutions's revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Announces Dividend

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