Conestoga Capital Advisors LLC Reduces Position in UL Solutions Inc. $ULS

Conestoga Capital Advisors LLC reduced its holdings in UL Solutions Inc. (NYSE:ULS) by 2.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,136,679 shares of the company’s stock after selling 32,595 shares during the period. Conestoga Capital Advisors LLC owned approximately 0.57% of UL Solutions worth $80,545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of ULS. Allspring Global Investments Holdings LLC purchased a new position in UL Solutions in the 3rd quarter worth approximately $97,803,000. Norges Bank acquired a new stake in shares of UL Solutions in the second quarter valued at approximately $89,174,000. DekaBank Deutsche Girozentrale purchased a new position in UL Solutions during the second quarter worth approximately $52,396,000. Electron Capital Partners LLC purchased a new stake in UL Solutions in the 2nd quarter valued at $45,558,000. Finally, Bessemer Group Inc. grew its holdings in UL Solutions by 32.2% in the 2nd quarter. Bessemer Group Inc. now owns 1,889,787 shares of the company’s stock valued at $137,689,000 after buying an additional 460,394 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have recently weighed in on ULS shares. The Goldman Sachs Group boosted their price target on shares of UL Solutions from $69.00 to $79.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. UBS Group boosted their target price on shares of UL Solutions from $75.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Robert W. Baird set a $97.00 price target on shares of UL Solutions and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Baird R W raised shares of UL Solutions from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of UL Solutions in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, UL Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $85.14.

UL Solutions Price Performance

UL Solutions stock opened at $84.35 on Monday. The company’s 50 day simple moving average is $82.74 and its 200-day simple moving average is $74.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.33 and a current ratio of 1.33. UL Solutions Inc. has a 1 year low of $48.54 and a 1 year high of $91.95. The company has a market capitalization of $16.94 billion, a price-to-earnings ratio of 50.51 and a beta of 1.09.

UL Solutions (NYSE:ULS) last posted its earnings results on Tuesday, November 4th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.09. UL Solutions had a net margin of 11.29% and a return on equity of 34.49%. The firm had revenue of $783.00 million during the quarter, compared to the consensus estimate of $769.01 million. During the same quarter last year, the firm earned $0.49 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, equities research analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Friday, November 28th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.52 annualized dividend and a yield of 0.6%. UL Solutions’s dividend payout ratio 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.