Vanguard Group Inc. Has $531.57 Million Position in UL Solutions Inc. $ULS

Key Points

• Vanguard increased its stake in UL Solutions by 21.9% to 6,740,636 shares — roughly $531.57 million, or about 3.36% of the company.
• UL Solutions beat Q results with EPS of $0.50 (vs. $0.42 est.) and revenue of $758.0M (vs. $748.5M est.), and raised its quarterly dividend to $0.145 (annualized $0.58, ~0.6% yield).
• The stock has a market cap of $18.08B and a PE of 56.56, trades near its 52‑week high ($94.04), carries a consensus "Moderate Buy" target of $88.42, and the CEO recently sold 12,500 shares (insiders own 1.20%).

Vanguard Group Inc. increased its position in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 21.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,740,636 shares of the company's stock after purchasing an additional 1,213,188 shares during the period. Vanguard Group Inc. owned approximately 3.36% of UL Solutions worth $531,567,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Capital International Investors grew its holdings in shares of UL Solutions by 10.8% during the 3rd quarter. Capital International Investors now owns 7,548,311 shares of the company's stock worth $534,738,000 after purchasing an additional 738,720 shares in the last quarter. Capital Research Global Investors lifted its position in UL Solutions by 20.6% during the third quarter. Capital Research Global Investors now owns 3,942,905 shares of the company's stock worth $279,394,000 after purchasing an additional 674,088 shares during the period. Envestnet Asset Management Inc. grew its stake in UL Solutions by 405.7% during the third quarter. Envestnet Asset Management Inc. now owns 593,484 shares of the company's stock worth $42,054,000 after buying an additional 476,121 shares in the last quarter. First Trust Advisors LP grew its stake in UL Solutions by 57.3% during the third quarter. First Trust Advisors LP now owns 1,137,364 shares of the company's stock worth $80,594,000 after buying an additional 414,363 shares in the last quarter. Finally, Scopus Asset Management L.P. increased its holdings in UL Solutions by 162.4% in the 3rd quarter. Scopus Asset Management L.P. now owns 635,110 shares of the company's stock valued at $45,004,000 after buying an additional 393,100 shares during the period.

UL Solutions Stock Performance

NYSE ULS opened at $89.93 on Tuesday. The firm's fifty day moving average price is $85.22 and its two-hundred day moving average price is $81.24. The stock has a market cap of $18.08 billion, a PE ratio of 56.56, a PEG ratio of 3.70 and a beta of 0.59. UL Solutions Inc. has a fifty-two week low of $59.40 and a fifty-two week high of $94.04. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32.

UL Solutions (NYSE:ULS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.08. The business had revenue of $758.00 million for the quarter, compared to analyst estimates of $748.50 million. UL Solutions had a return on equity of 31.62% and a net margin of 10.61%. On average, equities analysts expect that UL Solutions Inc. will post 2.02 EPS for the current fiscal year.

UL Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were given a $0.145 dividend. This is a boost from UL Solutions's previous quarterly dividend of $0.13. This represents a $0.58 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, March 2nd. UL Solutions's dividend payout ratio is 36.48%.

Insider Buying and Selling

In other UL Solutions news, CEO Jennifer F. Scanlon sold 12,500 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $91.57, for a total value of $1,144,625.00. Following the completion of the transaction, the chief executive officer directly owned 188,274 shares in the company, valued at approximately $17,240,250.18. This trade represents a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ULS shares. Wells Fargo & Company upped their price target on shares of UL Solutions from $97.00 to $102.00 and gave the stock an "overweight" rating in a report on Friday, February 20th. Zacks Research upgraded UL Solutions from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 14th. JPMorgan Chase & Co. raised their target price on UL Solutions from $84.00 to $88.00 and gave the company a "neutral" rating in a report on Friday, February 20th. BNP Paribas Exane began coverage on UL Solutions in a research note on Monday, April 20th. They issued a "neutral" rating and a $95.00 price target on the stock. Finally, UBS Group boosted their price target on UL Solutions from $85.00 to $90.00 and gave the stock a "neutral" rating in a report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $88.42.

About UL Solutions

UL Solutions NYSE: ULS is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters' Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.

The company's core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.

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