Vanguard Personalized Indexing Management LLC Invests $247,000 in UL Solutions Inc. $ULS

Key Points

• Vanguard Personalized Indexing Management LLC has invested approximately $247,000 in UL Solutions Inc. by acquiring 3,396 shares of the stock in Q2.
• UL Solutions recently reported an earnings per share of $0.52, surpassing the analyst consensus estimate of $0.47, and its revenue grew by 6.3% year-over-year.
• The company announced a quarterly dividend of $0.13, with a dividend yield of 0.6%, reflecting a payout ratio of 32.10%.

Vanguard Personalized Indexing Management LLC bought a new stake in UL Solutions Inc. (NYSE:ULS - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,396 shares of the company's stock, valued at approximately $247,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cresset Asset Management LLC purchased a new position in UL Solutions in the first quarter valued at $226,000. KLP Kapitalforvaltning AS boosted its holdings in UL Solutions by 39.7% in the first quarter. KLP Kapitalforvaltning AS now owns 16,900 shares of the company's stock valued at $953,000 after purchasing an additional 4,800 shares during the period. Northern Trust Corp boosted its holdings in UL Solutions by 26.8% in the first quarter. Northern Trust Corp now owns 232,946 shares of the company's stock valued at $13,138,000 after purchasing an additional 49,222 shares during the period. Teacher Retirement System of Texas purchased a new position in UL Solutions in the first quarter valued at $555,000. Finally, Lisanti Capital Growth LLC boosted its holdings in UL Solutions by 26.2% in the first quarter. Lisanti Capital Growth LLC now owns 118,155 shares of the company's stock valued at $6,664,000 after purchasing an additional 24,535 shares during the period.

UL Solutions Stock Up 1.1%

UL Solutions stock opened at $80.02 on Friday. UL Solutions Inc. has a fifty-two week low of $48.54 and a fifty-two week high of $80.69. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market capitalization of $16.08 billion, a P/E ratio of 49.40 and a beta of 1.04. The stock has a 50-day simple moving average of $69.33 and a 200-day simple moving average of $68.11.

UL Solutions (NYSE:ULS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.05. UL Solutions had a return on equity of 37.33% and a net margin of 11.08%.The business had revenue of $776.00 million during the quarter, compared to the consensus estimate of $771.55 million. During the same period in the previous year, the business earned $0.44 EPS. The business's quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Friday, August 29th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 29th. UL Solutions's payout ratio is presently 32.10%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on UL Solutions from $64.00 to $70.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. UBS Group lifted their target price on UL Solutions from $70.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday, October 14th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of UL Solutions in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, UL Solutions has a consensus rating of "Moderate Buy" and an average price target of $71.57.

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.

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