Vest Financial LLC Grows Position in UL Solutions Inc. $ULS

Key Points

• Vest Financial LLC increased its stake in UL Solutions Inc. by 122.7%, acquiring an additional 19,172 shares, bringing its total holdings to 34,795 shares valued at approximately $2.5 million.
• Multiple analysts have given UL Solutions a consensus rating of "Moderate Buy" with an average target price of $71.57, indicating expected growth potential in the stock.
• UL Solutions recently announced a quarterly dividend of $0.13 per share, resulting in an annualized dividend yield of 0.7% and a payout ratio of 32.10%.

Vest Financial LLC raised its holdings in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 122.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,795 shares of the company's stock after buying an additional 19,172 shares during the quarter. Vest Financial LLC's holdings in UL Solutions were worth $2,535,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Sowell Financial Services LLC purchased a new stake in shares of UL Solutions during the first quarter worth $227,000. Fifth Third Bancorp grew its holdings in shares of UL Solutions by 75.3% during the first quarter. Fifth Third Bancorp now owns 9,795 shares of the company's stock worth $552,000 after buying an additional 4,206 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of UL Solutions in the first quarter valued at about $417,000. Cresset Asset Management LLC purchased a new stake in shares of UL Solutions in the first quarter valued at about $226,000. Finally, KLP Kapitalforvaltning AS grew its holdings in shares of 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ULS shares. Weiss Ratings reissued a "buy (b)" rating on shares of UL Solutions in a report on Wednesday, October 8th. UBS Group upped their price objective on shares of UL Solutions from $70.00 to $75.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of UL Solutions from $64.00 to $70.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $71.57.

UL Solutions Trading Up 7.2%

Shares of ULS stock opened at $77.58 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.32 and a quick ratio of 1.32. The firm has a market cap of $15.58 billion, a PE ratio of 47.89 and a beta of 1.04. The company has a 50-day moving average of $67.70 and a two-hundred day moving average of $67.00. UL Solutions Inc. has a 1-year low of $48.54 and a 1-year high of $79.05.

UL Solutions (NYSE:ULS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.05. The company had revenue of $776.00 million during the quarter, compared to analyst estimates of $771.55 million. UL Solutions had a net margin of 11.08% and a return on equity of 37.33%. UL Solutions's revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 earnings per share. On average, analysts predict that UL Solutions Inc. will post 1.69 EPS for the current year.

UL Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 8th. Stockholders of record on Friday, August 29th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.52 annualized dividend and a dividend yield of 0.7%. UL Solutions's dividend payout ratio (DPR) is presently 32.10%.

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.

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