UL Solutions Inc. (NYSE:ULS) Shares Purchased by Fmr LLC

FMR LLC lifted its holdings in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 17.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,178,072 shares of the company's stock after acquiring an additional 612,834 shares during the quarter. FMR LLC owned about 2.09% of UL Solutions worth $208,402,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of UL Solutions in the fourth quarter valued at about $173,869,000. JPMorgan Chase & Co. grew its position in UL Solutions by 29.3% in the third quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company's stock valued at $222,658,000 after acquiring an additional 1,022,851 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of UL Solutions during the fourth quarter valued at approximately $32,091,000. Burkehill Global Management LP acquired a new position in shares of UL Solutions during the fourth quarter worth $24,940,000. Finally, Vanguard Group Inc. boosted its stake in shares of UL Solutions by 7.8% in the fourth quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company's stock valued at $278,016,000 after purchasing an additional 401,492 shares during the period.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of UL Solutions from $60.00 to $60.50 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lifted their target price on UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, The Goldman Sachs Group raised their price objective on UL Solutions from $51.00 to $57.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $51.45.

Insider Buying and Selling

In other news, EVP Alberto Uggetti sold 1,938 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $53.00, for a total transaction of $102,714.00. Following the completion of the transaction, the executive vice president now owns 9,285 shares of the company's stock, valued at approximately $492,105. The trade was a 17.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

UL Solutions Stock Performance

UL Solutions stock traded up $0.46 during mid-day trading on Friday, reaching $55.64. The company's stock had a trading volume of 971,718 shares, compared to its average volume of 716,702. The firm has a market cap of $11.14 billion and a price-to-earnings ratio of 34.34. UL Solutions Inc. has a twelve month low of $33.50 and a twelve month high of $59.23. The business has a 50 day moving average price of $54.29 and a 200-day moving average price of $52.75. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85.

UL Solutions (NYSE:ULS - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.11. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The business had revenue of $739.00 million during the quarter, compared to the consensus estimate of $726.54 million. Sell-side analysts predict that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were issued a $0.13 dividend. This is an increase from UL Solutions's previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.93%. UL Solutions's dividend payout ratio (DPR) is 32.10%.

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.