Teacher Retirement System of Texas Buys New Position in UL Solutions Inc. (NYSE:ULS)

Teacher Retirement System of Texas purchased a new stake in shares of UL Solutions Inc. (NYSE:ULS - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 9,837 shares of the company's stock, valued at approximately $555,000.

Other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in UL Solutions in the fourth quarter valued at approximately $32,000. PNC Financial Services Group Inc. grew its holdings in UL Solutions by 653.9% in 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 acquired a new stake in UL Solutions in the first quarter valued at approximately $49,000. Northwest & Ethical Investments L.P. grew its holdings in UL Solutions by 23.5% in the fourth 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 period. Finally, Phillips Wealth Planners LLC acquired a new stake in UL Solutions in the first quarter valued at approximately $226,000.

Wall Street Analyst Weigh In

ULS has been the topic of several research analyst reports. Robert W. Baird raised their price objective on UL Solutions from $60.00 to $73.00 and gave the company 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 note on Wednesday, May 7th. Wells Fargo & Company upped their price target on UL Solutions from $65.00 to $77.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Citigroup reissued a "neutral" rating and set a $71.00 target price (up previously from $60.50) on shares of UL Solutions in a research note on Wednesday, May 14th. Finally, UBS Group increased their target price on UL Solutions from $58.00 to $72.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $69.43.

UL Solutions Stock Down 1.0%

NYSE ULS traded down $0.71 during trading hours on Thursday, hitting $70.12. 621,177 shares of the company were exchanged, compared to its average volume of 760,636. The company has a 50 day moving average of $71.20 and a two-hundred day moving average of $60.20. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.66. UL Solutions Inc. has a 52-week low of $43.70 and a 52-week high of $73.98. The firm has a market cap of $14.06 billion, a price-to-earnings ratio of 41.99 and a beta of 1.02.

UL Solutions (NYSE:ULS - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $704.19 million. The business's revenue was up 5.2% on a year-over-year basis. Equities research analysts anticipate that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 30th were issued a $0.13 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.74%. UL Solutions's payout ratio is currently 31.14%.

Insider Transactions at UL Solutions

In related news, EVP Alberto Uggetti sold 1,961 shares of the company'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 directly owned 9,285 shares of the company's stock, valued at $649,950. This represents a 17.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were 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 approximately $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. Corporate insiders own 1.20% of the company's stock.

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.