UL Solutions Inc. $ULS Stake Increased by Blair William & Co. IL

Blair William & Co. IL lifted its holdings in UL Solutions Inc. (NYSE:ULS) by 17.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 882,301 shares of the company’s stock after buying an additional 133,730 shares during the period. Blair William & Co. IL owned about 0.44% of UL Solutions worth $62,520,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. raised its position in UL Solutions by 13.8% during the third quarter. Bessemer Group Inc. now owns 2,151,390 shares of the company’s stock valued at $152,448,000 after buying an additional 261,603 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in UL Solutions during the 3rd quarter worth about $97,803,000. Norges Bank purchased a new position in UL Solutions during the 2nd quarter valued at about $89,174,000. First Trust Advisors LP grew its stake in UL Solutions by 57.3% during the 3rd quarter. First Trust Advisors LP now owns 1,137,364 shares of the company’s stock valued at $80,594,000 after acquiring an additional 414,363 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of UL Solutions by 53.1% in the 2nd quarter. Geode Capital Management LLC now owns 999,507 shares of the company’s stock valued at $72,837,000 after purchasing an additional 346,633 shares during the period.

UL Solutions Stock Down 0.4%

Shares of UL Solutions stock opened at $81.22 on Friday. The firm has a market cap of $16.33 billion, a price-to-earnings ratio of 51.08, a P/E/G ratio of 3.33 and a beta of 0.87. The stock has a 50-day simple moving average of $76.79 and a 200-day simple moving average of $76.15. UL Solutions Inc. has a 52-week low of $49.34 and a 52-week high of $91.95. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.32 and a quick ratio of 1.32.

UL Solutions (NYSE:ULS) last released its quarterly earnings data on Thursday, February 19th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.07. The firm had revenue of $789.00 million for the quarter, compared to the consensus estimate of $782.37 million. UL Solutions had a return on equity of 31.62% and a net margin of 10.61%.The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.49 earnings per share. On average, equities research analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group reissued a “neutral” rating on shares of UL Solutions in a research report on Friday, February 20th. Citigroup dropped their price objective on shares of UL Solutions from $88.10 to $87.80 and set a “neutral” rating on the stock in a research note on Tuesday, February 24th. Bank of America increased their target price on shares of UL Solutions to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Zacks Research lowered shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. boosted their price target on shares of UL Solutions from $84.00 to $88.00 and gave the company a “neutral” rating in a report on Friday, February 20th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.