AEGON ASSET MANAGEMENT UK Plc Decreases Stock Position in UL Solutions Inc. $ULS

AEGON ASSET MANAGEMENT UK Plc cut its position in UL Solutions Inc. (NYSE:ULS) by 62.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,214 shares of the company’s stock after selling 96,120 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in UL Solutions were worth $4,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ULS. Royal Bank of Canada raised its stake in UL Solutions by 119.5% in the 1st quarter. Royal Bank of Canada now owns 143,431 shares of the company’s stock valued at $8,090,000 after purchasing an additional 78,081 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in UL Solutions by 104.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 460,160 shares of the company’s stock worth $25,953,000 after purchasing an additional 234,913 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in UL Solutions by 11.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,771 shares of the company’s stock worth $6,981,000 after purchasing an additional 13,205 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of UL Solutions during the first quarter worth $49,000. Finally, Creative Planning purchased a new stake in shares of UL Solutions during the second quarter worth $208,000.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ULS. Weiss Ratings raised shares of UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 8th. Telsey Advisory Group set a $100.00 price objective on shares of UL Solutions in a research note on Wednesday, May 6th. BNP Paribas Exane assumed coverage on shares of UL Solutions in a report on Monday, April 20th. They issued a “neutral” rating and a $95.00 price objective for the company. The Goldman Sachs Group reissued a “neutral” rating on shares of UL Solutions in a research note on Wednesday, May 6th. Finally, Zacks Research upgraded UL Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. One investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $101.54.

UL Solutions Stock Down 0.1%

Shares of ULS opened at $91.27 on Friday. UL Solutions Inc. has a 52-week low of $61.64 and a 52-week high of $107.54. The company has a market capitalization of $18.40 billion, a PE ratio of 53.38, a price-to-earnings-growth ratio of 3.55 and a beta of 0.63. The stock has a fifty day simple moving average of $95.76 and a two-hundred day simple moving average of $84.95. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.27.

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

UL Solutions Dividend Announcement

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

Insider Buying and Selling

In other news, insider Gitte Schjotz sold 12,015 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $99.71, for a total value of $1,198,015.65. Following the completion of the sale, the insider owned 69,206 shares of the company’s stock, valued at $6,900,530.26. This represents a 14.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Karen K. Pepping sold 725 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $97.74, for a total transaction of $70,861.50. Following the sale, the chief accounting officer owned 8,082 shares of the company’s stock, valued at $789,934.68. This represents a 8.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 65,705 shares of company stock worth $6,288,800 over the last ninety days. 1.20% of the stock is currently owned by insiders.

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.