William Blair Investment Management LLC Takes $32.12 Million Position in UL Solutions Inc. $ULS

Key Points

• William Blair Investment Management LLC has acquired a new position in UL Solutions, purchasing 440,895 shares valued at approximately $32.12 million during the second quarter.
• UL Solutions reported an EPS of $0.52 for the last quarter, exceeding estimates, with a revenue of $776 million, up 6.3% year-over-year.
• The company has announced a quarterly dividend of $0.13 per share, reflecting an annualized dividend yield of 0.7% and a dividend payout ratio of 32.10%.

William Blair Investment Management LLC purchased a new position in UL Solutions Inc. (NYSE:ULS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 440,895 shares of the company's stock, valued at approximately $32,124,000. William Blair Investment Management LLC owned 0.22% of UL Solutions as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Elequin Capital LP bought a new stake in shares of UL Solutions during the 1st quarter valued at $31,000. Rhumbline Advisers purchased a new position in UL Solutions during the 1st quarter valued at about $49,000. LRI Investments LLC bought a new stake in UL Solutions during the second quarter worth about $128,000. Wealth Enhancement Advisory Services LLC bought a new stake in UL Solutions during the second quarter worth about $235,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in UL Solutions in the second quarter worth about $247,000.

UL Solutions Price Performance

Shares of ULS opened at $75.14 on Friday. The company has a market capitalization of $15.09 billion, a P/E ratio of 46.39 and a beta of 1.04. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.55. The firm has a 50 day moving average of $68.32 and a 200 day moving average of $67.40. UL Solutions Inc. has a twelve month low of $48.54 and a twelve month high of $79.05.

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

UL Solutions Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their target price 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. UBS Group raised their price objective on UL Solutions from $70.00 to $75.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of UL Solutions in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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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