UL Solutions Inc. (NYSE:ULS) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its stake in shares of UL Solutions Inc. (NYSE:ULS) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,274 shares of the company’s stock after selling 761 shares during the period. Dimensional Fund Advisors LP’s holdings in UL Solutions were worth $512,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ULS. PNC Financial Services Group Inc. lifted its stake in shares of UL Solutions by 653.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock valued at $33,000 after purchasing an additional 582 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its stake in shares of UL Solutions by 23.5% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company’s stock valued at $105,000 after purchasing an additional 400 shares during the last quarter. KBC Group NV acquired a new position in shares of UL Solutions in the 4th quarter valued at $163,000. Sanctuary Advisors LLC acquired a new position in shares of UL Solutions in the 4th quarter valued at $221,000. Finally, Signature Estate & Investment Advisors LLC acquired a new position in shares of UL Solutions in the 4th quarter valued at $201,000.

Analyst Ratings Changes

ULS has been the topic of several research reports. JPMorgan Chase & Co. increased their target price on UL Solutions from $55.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Citigroup reissued a “neutral” rating and set a $71.00 target price (up previously from $60.50) on shares of UL Solutions in a research note on Wednesday. Robert W. Baird increased their target price on UL Solutions from $60.00 to $73.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Raymond James increased their target price on UL Solutions from $60.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Finally, UBS Group increased their target price on UL Solutions from $58.00 to $72.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $69.43.

Insider Activity

In related news, EVP Alberto Uggetti sold 1,938 shares of UL Solutions stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.00, for a total value of $102,714.00. Following the transaction, the executive vice president now owns 9,285 shares in the company, valued at approximately $492,105. This trade represents a 17.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gitte Schjotz sold 7,000 shares of UL Solutions stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $67.44, for a total value of $472,080.00. Following the completion of the transaction, the insider now owns 46,889 shares in the company, valued at $3,162,194.16. The trade was a 12.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,899 shares of company stock valued at $712,064 over the last quarter. Company insiders own 1.20% of the company’s stock.

UL Solutions Stock Performance

NYSE ULS opened at $72.67 on Friday. UL Solutions Inc. has a 1-year low of $36.86 and a 1-year high of $72.76. The company has a market capitalization of $14.55 billion and a P/E ratio of 44.86. The business has a 50 day moving average price of $58.04 and a 200 day moving average price of $54.30. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31.

UL Solutions (NYSE:ULS) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. The company had revenue of $705.00 million during the quarter, compared to the consensus estimate of $704.19 million. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The business’s revenue was up 5.2% compared to the same quarter last year. Sell-side analysts expect that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions 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.