Wilmington Savings Fund Society FSB Increases Holdings in UL Solutions Inc. $ULS

Wilmington Savings Fund Society FSB boosted its stake in UL Solutions Inc. (NYSE:ULS) by 5,657.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,557 shares of the company’s stock after acquiring an additional 9,391 shares during the period. Wilmington Savings Fund Society FSB’s holdings in UL Solutions were worth $677,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Parkside Financial Bank & Trust increased its position in UL Solutions by 48.4% in the second quarter. Parkside Financial Bank & Trust now owns 524 shares of the company’s stock worth $38,000 after buying an additional 171 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of UL Solutions by 3,070.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock worth $46,000 after acquiring an additional 614 shares during the period. PNC Financial Services Group Inc. increased its holdings in UL Solutions by 28.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 731 shares of the company’s stock worth $53,000 after acquiring an additional 161 shares during the last quarter. Rhumbline Advisers bought a new stake in UL Solutions in the 1st quarter valued at about $49,000. Finally, Amica Mutual Insurance Co. purchased a new stake in UL Solutions during the second quarter valued at about $72,000.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ULS. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $84.00 price target (up from $70.00) on shares of UL Solutions in a research report on Wednesday, November 5th. UBS Group upped their price target on shares of UL Solutions from $75.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Weiss Ratings reissued a “buy (b)” rating on shares of UL Solutions in a research note on Monday, December 29th. Wells Fargo & Company upped their target price on UL Solutions from $77.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Finally, Baird R W raised UL Solutions from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, UL Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.14.

UL Solutions Trading Down 2.8%

Shares of ULS stock opened at $74.98 on Monday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.45. The firm has a market cap of $15.06 billion, a P/E ratio of 44.90 and a beta of 1.09. The business has a 50-day moving average price of $82.12 and a two-hundred day moving average price of $74.89. UL Solutions Inc. has a 12-month low of $49.34 and a 12-month high of $91.95.

UL Solutions (NYSE:ULS) last released its earnings results on Tuesday, November 4th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.09. UL Solutions had a return on equity of 34.49% and a net margin of 11.29%.The company had revenue of $783.00 million during the quarter, compared to the consensus estimate of $769.01 million. During the same quarter in the previous year, the company posted $0.49 EPS. UL Solutions’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Friday, November 28th were given a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Friday, November 28th. UL Solutions’s dividend payout ratio (DPR) is presently 31.14%.

About UL Solutions

UL Solutions (NYSE: ULS) is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters’ Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.

The company’s core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.