Price T Rowe Associates Inc. MD Grows Stock Holdings in UL Solutions Inc. (NYSE:ULS)

Price T Rowe Associates Inc. MD lifted its position in shares of UL Solutions Inc. (NYSE:ULS) by 42.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,782 shares of the company’s stock after purchasing an additional 4,100 shares during the period. Price T Rowe Associates Inc. MD’s holdings in UL Solutions were worth $688,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Northwest & Ethical Investments L.P. lifted its position 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 last quarter. PNC Financial Services Group Inc. lifted its position in shares of UL Solutions by 653.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock worth $33,000 after purchasing an additional 582 shares during the last quarter. Lisanti Capital Growth LLC lifted its position in shares of 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 purchasing an additional 690 shares during the last quarter. Capital Group Investment Management PTE. LTD. lifted its position in shares of UL Solutions by 3.4% during the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 21,735 shares of the company’s stock worth $1,084,000 after purchasing an additional 705 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of UL Solutions by 30.4% during 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.

Insider Activity

In related news, EVP Alberto Uggetti sold 1,938 shares of the business’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $53.00, for a total transaction of $102,714.00. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gitte Schjotz sold 7,000 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $67.44, for a total transaction of $472,080.00. Following the sale, the insider now directly owns 46,889 shares in the company, valued at approximately $3,162,194.16. This represents a 12.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,899 shares of company stock valued at $712,064 over the last quarter. Corporate insiders own 1.20% of the company’s stock.

UL Solutions Trading Up 0.4%

NYSE ULS opened at $70.42 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market cap of $14.10 billion and a PE ratio of 43.47. UL Solutions Inc. has a one year low of $36.51 and a one year high of $71.95. The firm’s fifty day moving average is $56.47 and its two-hundred day moving average is $53.80.

UL Solutions (NYSE:ULS) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. The company had revenue of $705.00 million for the quarter, compared to analyst estimates of $704.19 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. UL Solutions’s quarterly revenue was up 5.2% on a year-over-year basis. Analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders 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 of this dividend was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.74%. UL Solutions’s payout ratio is presently 31.14%.

Analyst Ratings Changes

ULS has been the topic of several research analyst reports. 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. Raymond James lifted their price target on shares of UL Solutions from $60.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. UBS Group lifted their price target on shares of UL Solutions from $58.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. lifted their price target on shares of UL Solutions from $55.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Finally, Wells Fargo & Company lifted their price target on shares of UL Solutions from $65.00 to $77.00 and gave the stock an “overweight” rating in a research note 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.93.

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.