Janus Henderson Group PLC Grows Stock Position in UL Solutions Inc. (NYSE:ULS)

Janus Henderson Group PLC lifted its holdings in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,389,077 shares of the company's stock after purchasing an additional 81,426 shares during the quarter. Janus Henderson Group PLC owned about 1.19% of UL Solutions worth $119,164,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ULS. Capital International Investors raised its stake in shares of UL Solutions by 7.4% in the 4th quarter. Capital International Investors now owns 11,691,957 shares of the company's stock valued at $583,324,000 after acquiring an additional 809,779 shares during the period. Vanguard Group Inc. raised its stake in shares of UL Solutions by 7.8% in the 4th quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company's stock valued at $278,016,000 after acquiring an additional 401,492 shares during the period. JPMorgan Chase & Co. boosted its position in shares of UL Solutions by 29.3% during the third quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company's stock worth $222,658,000 after buying an additional 1,022,851 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in shares of UL Solutions by 88.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,224,709 shares of the company's stock worth $210,729,000 after buying an additional 1,987,295 shares during the period. Finally, FMR LLC boosted its position in shares of UL Solutions by 17.2% during the fourth quarter. FMR LLC now owns 4,178,072 shares of the company's stock worth $208,402,000 after buying an additional 612,834 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ULS. The Goldman Sachs Group boosted their price target on shares of UL Solutions from $57.00 to $63.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. upped their target price on shares of UL Solutions from $55.00 to $58.00 and gave the company an "overweight" rating in a report on Friday, February 21st. Robert W. Baird upped their target price on shares of UL Solutions from $60.00 to $73.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Citigroup lifted their target price on UL Solutions from $60.00 to $60.50 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company upped their price objective on shares of UL Solutions from $65.00 to $77.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $67.93.

Insider Buying and Selling

In other UL Solutions news, insider Gitte Schjotz sold 7,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $67.44, for a total transaction of $472,080.00. Following the completion of the sale, the insider now owns 46,889 shares in the company, valued at $3,162,194.16. The trade was a 12.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alberto Uggetti sold 1,938 shares of the company's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.00, for a total value of $102,714.00. Following 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 disclosure for this sale can be found here. In the last three months, insiders sold 10,899 shares of company stock valued at $712,064. Company insiders own 1.20% of the company's stock.

UL Solutions Stock Up 0.4%

Shares of NYSE:ULS opened at $70.42 on Tuesday. The company has a market capitalization of $14.10 billion and a P/E ratio of 43.47. UL Solutions Inc. has a 52-week low of $36.51 and a 52-week high of $71.95. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. The stock's fifty day simple moving average is $56.47 and its 200-day simple moving average is $53.80.

UL Solutions (NYSE:ULS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.05. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The company had revenue of $705.00 million for the quarter, compared to analyst estimates of $704.19 million. The company's quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts forecast that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.74%. This is a boost from UL Solutions's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, February 28th. UL Solutions's dividend payout ratio is 31.14%.

UL Solutions Company 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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