Strs Ohio Acquires New Holdings in UL Solutions Inc. $ULS

Key Points

• Strs Ohio has acquired a new stake in UL Solutions Inc. by purchasing 55,000 shares valued at approximately $3.1 million.
• Research analysts have mixed ratings for UL Solutions, with JPMorgan Chase increasing their target price to $70, while UBS cut their target from $72 to $70.
• UL Solutions has announced a quarterly dividend of $0.13 per share, yielding 0.8%, and its dividend payout ratio is currently at 32.10%.

Strs Ohio purchased a new stake in UL Solutions Inc. (NYSE:ULS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 55,000 shares of the company's stock, valued at approximately $3,102,000.

Several other large investors have also modified their holdings of ULS. Elequin Capital LP bought a new position in UL Solutions in the 1st quarter worth $31,000. Rhumbline Advisers bought a new stake in UL Solutions during the 1st quarter valued at approximately $49,000. Argent Trust Co bought a new stake in UL Solutions during the 1st quarter valued at approximately $208,000. Phillips Wealth Planners LLC acquired a new stake in UL Solutions in the 1st quarter valued at approximately $226,000. Finally, Cresset Asset Management LLC bought a new position in UL Solutions in the 1st quarter worth approximately $226,000.

Analysts Set New Price Targets

ULS has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their target price on shares of UL Solutions from $64.00 to $70.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. UBS Group cut their price objective on shares of UL Solutions from $72.00 to $70.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $70.86.

UL Solutions Trading Up 1.2%

NYSE:ULS opened at $67.58 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.32 and a quick ratio of 1.32. The business's 50-day simple moving average is $67.76 and its 200-day simple moving average is $64.47. UL Solutions Inc. has a fifty-two week low of $48.11 and a fifty-two week high of $74.15. The stock has a market capitalization of $13.57 billion, a PE ratio of 41.71 and a beta of 0.98.

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

UL Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 8th. Investors of record on Friday, August 29th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.8%. UL Solutions's payout ratio is presently 32.10%.

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.

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