SG Americas Securities LLC Purchases 10,139 Shares of UL Solutions Inc. $ULS

SG Americas Securities LLC increased its position in shares of UL Solutions Inc. (NYSE:ULS) by 140.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,345 shares of the company’s stock after purchasing an additional 10,139 shares during the quarter. SG Americas Securities LLC’s holdings in UL Solutions were worth $1,368,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ULS. Allspring Global Investments Holdings LLC bought a new stake in UL Solutions during the third quarter worth about $97,803,000. Capital International Investors lifted its position in UL Solutions by 10.8% during the third quarter. Capital International Investors now owns 7,548,311 shares of the company’s stock worth $534,738,000 after purchasing an additional 738,720 shares during the period. Capital Research Global Investors lifted its position in UL Solutions by 20.6% during the third quarter. Capital Research Global Investors now owns 3,942,905 shares of the company’s stock worth $279,394,000 after purchasing an additional 674,088 shares during the period. Electron Capital Partners LLC bought a new stake in UL Solutions during the second quarter worth about $45,558,000. Finally, Envestnet Asset Management Inc. lifted 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 worth $42,054,000 after purchasing an additional 476,121 shares during the period.

UL Solutions Price Performance

Shares of NYSE:ULS opened at $82.09 on Wednesday. The firm has a market cap of $16.50 billion, a PE ratio of 51.63, a price-to-earnings-growth ratio of 3.47 and a beta of 0.77. The firm’s fifty day moving average is $79.42 and its 200-day moving average is $79.18. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32. UL Solutions Inc. has a 52 week low of $49.93 and a 52 week high of $91.95.

UL Solutions (NYSE:ULS) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The company had revenue of $789.00 million for the quarter, compared to analyst estimates of $782.37 million. UL Solutions had a net margin of 10.61% and a return on equity of 31.62%. UL Solutions’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. Sell-side analysts predict that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, March 2nd. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s dividend payout ratio (DPR) is 36.48%.

Insider Transactions at UL Solutions

In other UL Solutions news, CEO Jennifer F. Scanlon sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $85.50, for a total transaction of $1,068,750.00. Following the completion of the transaction, the chief executive officer owned 200,774 shares in the company, valued at approximately $17,166,177. This trade represents a 5.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ULS shares. JPMorgan Chase & Co. upped their price objective on shares of UL Solutions from $84.00 to $88.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Bank of America increased their target price on shares of UL Solutions to $86.00 and gave the stock a “buy” rating in a report on Tuesday, February 17th. Zacks Research cut shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. Wells Fargo & Company increased their target price on shares of UL Solutions from $97.00 to $102.00 and gave the stock an “overweight” rating in a report on Friday, February 20th. Finally, Citigroup dropped their target price on shares of UL Solutions from $88.10 to $87.80 and set a “neutral” rating for the company in a report on Tuesday, February 24th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, UL Solutions has a consensus rating of “Hold” and an average price target of $87.60.

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.