Deutsche Bank AG Increases Stake in UL Solutions Inc. (NYSE:ULS)

Deutsche Bank AG lifted its position in UL Solutions Inc. (NYSE:ULS - Free Report) by 1,985.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,358 shares of the company's stock after acquiring an additional 42,231 shares during the quarter. Deutsche Bank AG's holdings in UL Solutions were worth $2,213,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ULS. Quarry LP purchased a new stake in shares of UL Solutions during the 4th quarter worth $32,000. PNC Financial Services Group Inc. grew its position in shares of UL Solutions by 653.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock worth $33,000 after buying an additional 582 shares during the last quarter. Northwest & Ethical Investments L.P. raised its stake in shares of 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 acquiring an additional 400 shares in the last quarter. KBC Group NV acquired a new stake in UL Solutions in the fourth quarter valued at approximately $163,000. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in UL Solutions in the 4th quarter worth approximately $201,000.

UL Solutions Price Performance

Shares of UL Solutions stock traded down $0.80 during trading hours on Wednesday, reaching $71.61. 111,628 shares of the company's stock were exchanged, compared to its average volume of 807,503. The business has a fifty day moving average of $60.77 and a two-hundred day moving average of $55.31. The company has a market capitalization of $14.33 billion and a P/E ratio of 44.20. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. UL Solutions Inc. has a 1 year low of $37.87 and a 1 year high of $72.81.

UL Solutions (NYSE:ULS - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.05. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The business had revenue of $705.00 million for the quarter, compared to analyst estimates of $704.19 million. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, research analysts predict that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Dividend Announcement

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling at UL Solutions

In related news, insider Gitte Schjotz sold 7,000 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $67.44, for a total transaction of $472,080.00. Following the transaction, the insider now owns 46,889 shares of the company's stock, valued at approximately $3,162,194.16. This represents a 12.99% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alberto Uggetti sold 1,938 shares of the firm's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $53.00, for a total value of $102,714.00. Following the transaction, the executive vice president now owns 9,285 shares of the company's stock, valued at $492,105. This trade represents a 17.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,899 shares of company stock worth $712,064 over the last three months. Insiders own 1.20% of the company's stock.

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.