Stifel Financial Corp Increases Stake in UL Solutions Inc. (NYSE:ULS)

Stifel Financial Corp boosted its stake in UL Solutions Inc. (NYSE:ULS - Free Report) by 40.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,881 shares of the company's stock after acquiring an additional 12,381 shares during the period. Stifel Financial Corp's holdings in UL Solutions were worth $2,139,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in UL Solutions by 29.3% in 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 last quarter. Baker Chad R increased its stake in shares of UL Solutions by 91.0% in the fourth quarter. Baker Chad R now owns 112,300 shares of the company's stock worth $5,602,000 after purchasing an additional 53,500 shares in the last quarter. Hall Laurie J Trustee raised its position in shares of UL Solutions by 10.3% during the 4th quarter. Hall Laurie J Trustee now owns 54,050 shares of the company's stock valued at $2,696,000 after purchasing an additional 5,040 shares during the period. AEGON ASSET MANAGEMENT UK Plc lifted its stake in shares of UL Solutions by 20.7% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 235,501 shares of the company's stock valued at $11,726,000 after buying an additional 40,396 shares in the last quarter. Finally, KBC Group NV bought a new position in UL Solutions in the 4th quarter worth $163,000.

Insider Buying and Selling at UL Solutions

In other UL Solutions news, EVP Alberto Uggetti sold 1,938 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president now owns 9,285 shares in the company, valued at $492,105. The trade was a 17.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.20% of the company's stock.

UL Solutions Price Performance

UL Solutions stock opened at $59.67 on Monday. UL Solutions Inc. has a 52-week low of $34.90 and a 52-week high of $59.90. 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 firm's fifty day moving average is $54.65 and its 200 day moving average is $53.18. The company has a market cap of $11.94 billion and a price-to-earnings ratio of 36.83.

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

UL Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 28th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.87%. This is a positive change from UL Solutions's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, February 28th. UL Solutions's payout ratio is presently 32.10%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ULS. The Goldman Sachs Group raised their price target on UL Solutions from $51.00 to $57.00 and gave the company a "neutral" rating in a report on Friday, February 21st. JPMorgan Chase & Co. increased their price objective 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. Finally, Citigroup boosted their target price on shares of UL Solutions from $60.00 to $60.50 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $51.45.

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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