UL Solutions Inc. (NYSE:ULS) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in UL Solutions Inc. (NYSE:ULS - Free Report) by 161.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,566 shares of the company's stock after purchasing an additional 68,259 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.06% of UL Solutions worth $5,515,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Voloridge Investment Management LLC acquired a new stake in shares of UL Solutions in the fourth quarter valued at $14,382,000. Two Sigma Advisers LP lifted its stake in UL Solutions by 24.0% during the 4th quarter. Two Sigma Advisers LP now owns 574,600 shares of the company's stock worth $28,661,000 after acquiring an additional 111,300 shares in the last quarter. Two Sigma Investments LP boosted its holdings in UL Solutions by 31.5% during the 4th quarter. Two Sigma Investments LP now owns 692,510 shares of the company's stock valued at $34,542,000 after acquiring an additional 165,746 shares during the period. State of Wyoming grew its position in UL Solutions by 123.0% in the 4th quarter. State of Wyoming now owns 10,958 shares of the company's stock valued at $547,000 after acquiring an additional 6,043 shares in the last quarter. Finally, Port Capital LLC grew its position in UL Solutions by 3.1% in the 4th quarter. Port Capital LLC now owns 537,060 shares of the company's stock valued at $26,789,000 after acquiring an additional 16,275 shares in the last quarter.

Analyst Ratings Changes

ULS has been the topic of several research reports. UBS Group increased their price target on shares of UL Solutions from $58.00 to $72.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. The Goldman Sachs Group upped their target price 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. Wells Fargo & Company increased their target price 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. JPMorgan Chase & Co. raised their price target on shares of UL Solutions from $55.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Finally, Citigroup reaffirmed a "neutral" rating and set a $71.00 price objective (up previously from $60.50) on shares of UL Solutions in a research report on Wednesday, May 14th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, UL Solutions has an average rating of "Hold" and a consensus price target of $69.43.

UL Solutions Stock Up 0.1%

NYSE:ULS traded up $0.06 during mid-day trading on Friday, hitting $71.18. The stock had a trading volume of 507,517 shares, compared to its average volume of 761,910. UL Solutions Inc. has a twelve month low of $38.50 and a twelve month high of $72.81. The stock has a 50-day simple moving average of $63.32 and a two-hundred day simple moving average of $56.41. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $14.27 billion, a PE ratio of 43.94 and a beta of 1.21.

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. The company had revenue of $705.00 million for the quarter, compared to the consensus estimate of $704.19 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. UL Solutions's quarterly revenue was up 5.2% on a year-over-year basis. On average, equities research analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current year.

UL Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Friday, May 30th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.73%. The ex-dividend date is Friday, May 30th. UL Solutions's dividend payout ratio (DPR) is presently 31.14%.

Insider Buying and Selling at UL Solutions

In related news, EVP Alberto Uggetti sold 1,961 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $70.00, for a total transaction of $137,270.00. Following the completion of the sale, the executive vice president now owns 9,285 shares in the company, valued at $649,950. The trade was a 17.44% decrease in their ownership of the stock. The transaction 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 that occurred on 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 transaction, the insider now directly 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 owned by insiders.

About UL Solutions

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.