Universal Beteiligungs und Servicegesellschaft mbH Takes $723,000 Position in UL Solutions Inc. (NYSE:ULS)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 12,822 shares of UL Solutions Inc. for approximately $723,000 during the first quarter.
• In May 2023, insiders Gitte Schjotz and Alberto Uggetti sold significant portions of their UL Solutions stock, reducing their holdings by 12.99% and 17.44%, respectively.
• Brokerages have recently increased price targets for UL Solutions, with Goldman Sachs raising their price objective from $57 to $63 and Wells Fargo from $65 to $77.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of UL Solutions Inc. (NYSE:ULS - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 12,822 shares of the company's stock, valued at approximately $723,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in UL Solutions in the 4th quarter valued at about $32,000. Rhumbline Advisers purchased a new stake in shares of UL Solutions in the 1st quarter worth approximately $49,000. Phillips Wealth Planners LLC purchased a new stake in shares of UL Solutions in the 1st quarter worth approximately $226,000. Sowell Financial Services LLC purchased a new stake in shares of UL Solutions in the 1st quarter worth approximately $227,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of UL Solutions in the 4th quarter worth approximately $332,000.

UL Solutions Stock Performance

Shares of ULS stock traded down $0.09 during trading hours on Wednesday, reaching $64.55. 974,182 shares of the company's stock were exchanged, compared to its average volume of 788,291. The stock has a market capitalization of $12.94 billion, a P/E ratio of 38.67 and a beta of 1.00. 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 fifty-two week low of $46.79 and a fifty-two week high of $74.15. The business has a fifty day moving average price of $71.06 and a 200-day moving average price of $62.14.

UL Solutions (NYSE:ULS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.47 by $0.05. UL Solutions had a return on equity of 40.79% and a net margin of 11.60%. The firm had revenue of $776.00 million for the quarter, compared to analysts' expectations of $771.55 million. During the same period in the prior year, the business posted $0.44 earnings per share. The business's revenue was up 6.3% compared to the same quarter last year. Analysts predict that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 30th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a yield of 0.8%. UL Solutions's payout ratio is currently 31.14%.

Analyst Ratings Changes

Several research firms have issued reports on ULS. Wells Fargo & Company increased their price objective on shares of UL Solutions from $65.00 to $77.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Citigroup reiterated a "neutral" rating and set a $71.00 price target (up from $60.50) on shares of UL Solutions in a research report on Wednesday, May 14th. UBS Group dropped their price target 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. The Goldman Sachs Group lifted their price target on shares of UL Solutions from $57.00 to $63.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird lifted their price objective on shares of UL Solutions from $60.00 to $73.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, UL Solutions presently has a consensus rating of "Hold" and an average price target of $69.14.

Insider Buying and Selling

In other UL Solutions news, EVP Alberto Uggetti sold 1,961 shares of the 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 transaction, the executive vice president owned 9,285 shares of the company's stock, valued at approximately $649,950. This represents a 17.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.