18,832 Shares in UL Solutions Inc. $ULS Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of UL Solutions Inc. (NYSE:ULS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 18,832 shares of the company’s stock, valued at approximately $1,485,000.

Other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in UL Solutions by 12.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,550,913 shares of the company’s stock valued at $125,484,000 after acquiring an additional 167,564 shares during the last quarter. Envestnet Asset Management Inc. increased its position in UL Solutions by 405.7% during the third quarter. Envestnet Asset Management Inc. now owns 593,484 shares of the company’s stock valued at $42,054,000 after acquiring an additional 476,121 shares during the last quarter. Jefferies Financial Group Inc. increased its position in UL Solutions by 543.1% during the fourth quarter. Jefferies Financial Group Inc. now owns 192,915 shares of the company’s stock valued at $15,213,000 after acquiring an additional 162,915 shares during the last quarter. Candriam S.C.A. raised its position in UL Solutions by 99.3% in the 3rd quarter. Candriam S.C.A. now owns 108,079 shares of the company’s stock worth $7,658,000 after purchasing an additional 53,856 shares during the period. Finally, Hussman Strategic Advisors Inc. purchased a new stake in UL Solutions in the 4th quarter worth about $2,484,000.

UL Solutions Price Performance

Shares of ULS stock opened at $96.80 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $19.51 billion, a P/E ratio of 56.61, a P/E/G ratio of 3.77 and a beta of 0.63. The company’s 50-day simple moving average is $93.40 and its two-hundred day simple moving average is $84.38. UL Solutions Inc. has a one year low of $61.64 and a one year high of $107.54.

UL Solutions (NYSE:ULS) last issued its earnings results on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The business had revenue of $758.00 million for the quarter, compared to the consensus estimate of $748.50 million. UL Solutions had a net margin of 11.24% and a return on equity of 30.99%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS. As a group, equities analysts anticipate that UL Solutions Inc. will post 2.1 EPS for the current year.

UL Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, May 29th. UL Solutions’s dividend payout ratio (DPR) is presently 33.92%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of UL Solutions from $97.00 to $96.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Raymond James Financial reissued an “outperform” rating and issued a $115.00 price objective on shares of UL Solutions in a research report on Wednesday, May 6th. Citigroup raised their price target on UL Solutions from $87.80 to $106.40 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings raised UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 8th. Finally, Zacks Research raised UL Solutions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $101.54.

Insider Transactions at UL Solutions

In related news, EVP Alberto Uggetti sold 6,100 shares of UL Solutions stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $100.00, for a total value of $610,000.00. Following the completion of the sale, the executive vice president directly owned 10,307 shares in the company, valued at $1,030,700. The trade was a 37.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Friedrich Hecker sold 4,000 shares of UL Solutions stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $102.04, for a total value of $408,160.00. Following the completion of the sale, the director owned 13,180 shares of the company’s stock, valued at $1,344,887.20. The trade was a 23.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 64,980 shares of company stock valued at $6,217,938. Company insiders own 1.20% of the company’s stock.

UL Solutions Company Profile

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.