Baird Financial Group Inc. Sells 30,064 Shares of UL Solutions Inc. $ULS

Baird Financial Group Inc. lowered its stake in shares of UL Solutions Inc. (NYSE:ULS) by 21.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 109,660 shares of the company’s stock after selling 30,064 shares during the quarter. Baird Financial Group Inc.’s holdings in UL Solutions were worth $7,990,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cresset Asset Management LLC acquired a new stake in shares of UL Solutions in the first quarter valued at approximately $226,000. Northern Trust Corp boosted its position in UL Solutions by 26.8% in the 1st quarter. Northern Trust Corp now owns 232,946 shares of the company’s stock valued at $13,138,000 after buying an additional 49,222 shares during the last quarter. Vest Financial LLC boosted its position in UL Solutions by 122.7% in the 2nd quarter. Vest Financial LLC now owns 34,795 shares of the company’s stock valued at $2,535,000 after buying an additional 19,172 shares during the last quarter. Elo Mutual Pension Insurance Co increased its stake in shares of UL Solutions by 26.4% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 13,823 shares of the company’s stock valued at $1,007,000 after buying an additional 2,884 shares during the period. Finally, American Century Companies Inc. raised its position in shares of UL Solutions by 0.9% during the second quarter. American Century Companies Inc. now owns 555,177 shares of the company’s stock worth $40,450,000 after acquiring an additional 4,839 shares during the last quarter.

UL Solutions Stock Up 1.7%

Shares of NYSE:ULS opened at $77.90 on Tuesday. The company has a 50 day moving average price of $80.90 and a two-hundred day moving average price of $73.21. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.33 and a current ratio of 1.33. The company has a market capitalization of $15.65 billion, a PE ratio of 46.65 and a beta of 0.91. UL Solutions Inc. has a 52 week low of $48.54 and a 52 week high of $91.95.

UL Solutions (NYSE:ULS) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.09. UL Solutions had a net margin of 11.29% and a return on equity of 34.49%. The company had revenue of $783.00 million during the quarter, compared to analyst estimates of $769.01 million. During the same quarter in the previous year, the business earned $0.49 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. Analysts forecast that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Friday, November 28th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, November 28th. UL Solutions’s dividend payout ratio is 31.14%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ULS shares. Wells Fargo & Company raised their price target on UL Solutions from $77.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. The Goldman Sachs Group raised their target price on shares of UL Solutions from $69.00 to $79.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $84.00 price target (up from $70.00) on shares of UL Solutions in a research note on Wednesday, November 5th. UBS Group increased their price objective on shares of UL Solutions from $75.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of UL Solutions in a report on Monday, December 1st. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, UL Solutions has a consensus rating of “Hold” and an average price target of $81.71.

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.