State of Wyoming Acquires 6,043 Shares of UL Solutions Inc. (NYSE:ULS)

State of Wyoming raised its position in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 123.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,958 shares of the company's stock after buying an additional 6,043 shares during the period. State of Wyoming's holdings in UL Solutions were worth $547,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Capital International Investors raised its stake in shares of UL Solutions by 7.4% during the fourth quarter. Capital International Investors now owns 11,691,957 shares of the company's stock valued at $583,324,000 after acquiring an additional 809,779 shares during the last quarter. Vanguard Group Inc. increased its holdings in UL Solutions by 7.8% during the 4th quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company's stock valued at $278,016,000 after purchasing an additional 401,492 shares during the period. JPMorgan Chase & Co. raised its position in UL Solutions by 29.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company's stock valued at $222,658,000 after purchasing an additional 1,022,851 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in UL Solutions by 88.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,224,709 shares of the company's stock worth $210,729,000 after buying an additional 1,987,295 shares during the period. Finally, FMR LLC grew its position in shares of UL Solutions by 17.2% in the 4th quarter. FMR LLC now owns 4,178,072 shares of the company's stock worth $208,402,000 after buying an additional 612,834 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. UBS Group boosted their target price on UL Solutions from $58.00 to $72.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Raymond James upped their price objective on shares of UL Solutions from $60.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. raised their target price on shares of UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Wells Fargo & Company boosted their price target on shares of UL Solutions from $65.00 to $77.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird increased their price target on shares of UL Solutions from $60.00 to $73.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $69.43.

UL Solutions Stock Up 1.0%

UL Solutions stock traded up $0.69 on Friday, hitting $71.69. 266,990 shares of the stock traded hands, compared to its average volume of 815,316. UL Solutions Inc. has a 1 year low of $37.87 and a 1 year high of $72.81. The firm has a market cap of $14.35 billion and a P/E ratio of 44.25. 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 business's fifty day simple moving average is $59.66 and its 200 day simple moving average is $54.84.

UL Solutions (NYSE:ULS - Get Free Report) last issued 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 company had revenue of $705.00 million during the quarter, compared to analysts' expectations of $704.19 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. UL Solutions's revenue for the quarter was up 5.2% on a year-over-year basis. As a group, sell-side analysts forecast that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Friday, May 30th will be given a $0.13 dividend. The ex-dividend date is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.73%. UL Solutions's dividend payout ratio is currently 31.14%.

Insider Transactions at UL Solutions

In other UL Solutions news, EVP Alberto Uggetti sold 1,938 shares of UL Solutions stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.00, for a total transaction of $102,714.00. Following the completion of the transaction, the executive vice president now owns 9,285 shares in the company, valued at approximately $492,105. The trade was a 17.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gitte Schjotz sold 7,000 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 46,889 shares in the company, valued at approximately $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. Insiders have sold a total of 10,899 shares of company stock valued at $712,064 in the last ninety days. 1.20% of the stock is currently owned by corporate 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.