UL Solutions Inc. (NYSE:ULS) Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its holdings in UL Solutions Inc. (NYSE:ULS) by 34.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 183,724 shares of the company’s stock after buying an additional 46,736 shares during the quarter. Northern Trust Corp owned approximately 0.09% of UL Solutions worth $9,164,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Capital International Investors grew its holdings in shares of UL Solutions by 7.4% during the fourth quarter. Capital International Investors now owns 11,691,957 shares of the company’s stock valued at $583,324,000 after purchasing an additional 809,779 shares during the last quarter. Vanguard Group Inc. boosted its position in UL Solutions by 7.8% during the 4th quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company’s stock valued at $278,016,000 after purchasing an additional 401,492 shares during the period. JPMorgan Chase & Co. grew its stake in UL Solutions by 29.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock worth $222,658,000 after buying an additional 1,022,851 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in UL Solutions by 88.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,224,709 shares of the company’s stock worth $210,729,000 after buying an additional 1,987,295 shares during the period. Finally, FMR LLC lifted its stake in UL Solutions by 17.2% in the fourth quarter. FMR LLC now owns 4,178,072 shares of the company’s stock valued at $208,402,000 after buying an additional 612,834 shares during the last quarter.

UL Solutions Price Performance

Shares of NYSE:ULS opened at $72.67 on Friday. The stock’s 50 day moving average price is $58.04 and its 200 day moving average price is $54.31. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market cap of $14.55 billion and a price-to-earnings ratio of 44.86. UL Solutions Inc. has a 12 month low of $36.87 and a 12 month high of $72.76.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.05. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The business had revenue of $705.00 million during the quarter, compared to analyst estimates of $704.19 million. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities research analysts anticipate that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on ULS. Citigroup restated a “neutral” rating and set a $71.00 price target (up previously from $60.50) on shares of UL Solutions in a research report on Wednesday. UBS Group upped their target price on shares of UL Solutions from $58.00 to $72.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. JPMorgan Chase & Co. raised their price target on shares of UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Raymond James boosted their price objective on UL Solutions from $60.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird increased their price objective on UL Solutions from $60.00 to $73.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $69.43.

Insiders Place Their Bets

In other UL Solutions news, insider Gitte Schjotz sold 7,000 shares of the business’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $67.44, for a total value of $472,080.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Alberto Uggetti sold 1,961 shares of the company’s stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $70.00, for a total value of $137,270.00. Following the completion of the transaction, the executive vice president now directly owns 9,285 shares in the company, valued at approximately $649,950. The trade was a 17.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,899 shares of company stock worth $712,064. 1.20% of the stock is owned by insiders.

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.