Nebula Research & Development LLC Has $1.45 Million Stake in UL Solutions Inc. (NYSE:ULS)

Nebula Research & Development LLC boosted its holdings in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 273.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,155 shares of the company's stock after acquiring an additional 21,358 shares during the period. Nebula Research & Development LLC's holdings in UL Solutions were worth $1,454,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ULS. Northwest & Ethical Investments L.P. lifted its stake in shares of UL Solutions by 23.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock worth $105,000 after purchasing an additional 400 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of UL Solutions by 653.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock valued at $33,000 after acquiring an additional 582 shares during the period. Lisanti Capital Growth LLC lifted its position in UL Solutions by 0.7% during the 4th quarter. Lisanti Capital Growth LLC now owns 93,620 shares of the company's stock worth $4,670,000 after acquiring an additional 690 shares in the last quarter. Capital Group Investment Management PTE. LTD. boosted its holdings in UL Solutions by 3.4% in the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 21,735 shares of the company's stock valued at $1,084,000 after purchasing an additional 705 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of UL Solutions by 30.4% in the 4th quarter. NewEdge Advisors LLC now owns 9,039 shares of the company's stock worth $451,000 after purchasing an additional 2,109 shares during the last quarter.

UL Solutions Stock Performance

NYSE:ULS traded up $1.73 during mid-day trading on Thursday, hitting $58.92. The stock had a trading volume of 499,835 shares, compared to its average volume of 726,445. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. The company has a 50 day simple moving average of $54.43 and a 200-day simple moving average of $53.12. The stock has a market capitalization of $11.79 billion and a price-to-earnings ratio of 36.35. UL Solutions Inc. has a 52 week low of $34.35 and a 52 week high of $59.23.

UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings results 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 return on equity of 44.52% and a net margin of 11.36%. The company had revenue of $739.00 million for the quarter, compared to analysts' expectations of $726.54 million. On average, research analysts expect 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. Stockholders of record on Friday, February 28th were paid a $0.13 dividend. 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. This represents a $0.52 annualized dividend and a dividend yield of 0.88%. UL Solutions's dividend payout ratio is presently 32.10%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at UL Solutions

In other news, 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 transaction of $102,714.00. Following the completion of the sale, the executive vice president now directly owns 9,285 shares of the company's stock, valued at $492,105. This represents a 17.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.20% of the stock is owned by corporate insiders.

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.