Repertoire Partners LP Makes New Investment in UL Solutions Inc. (NYSE:ULS)

Repertoire Partners LP acquired a new stake in UL Solutions Inc. (NYSE:ULS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 45,603 shares of the company’s stock, valued at approximately $2,275,000. UL Solutions makes up 0.9% of Repertoire Partners LP’s portfolio, making the stock its 8th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ULS. Vanguard Group Inc. grew its holdings in shares of UL Solutions by 7.8% in the 4th quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company’s stock valued at $278,016,000 after buying an additional 401,492 shares during the period. Renaissance Capital LLC boosted its position in UL Solutions by 108.5% in the fourth quarter. Renaissance Capital LLC now owns 87,609 shares of the company’s stock valued at $4,370,000 after buying an additional 45,595 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 purchasing an additional 1,022,851 shares during the last quarter. Picton Mahoney Asset Management grew its stake in UL Solutions by 18.6% during the fourth quarter. Picton Mahoney Asset Management now owns 114,721 shares of the company’s stock worth $5,722,000 after purchasing an additional 18,019 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in UL Solutions in the 4th quarter valued at about $332,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on ULS shares. Wells Fargo & Company lifted their price objective on UL Solutions from $65.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. raised their target price on shares of UL Solutions from $55.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. The Goldman Sachs Group raised their price target on UL Solutions from $57.00 to $63.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. UBS Group increased their price objective on shares of UL Solutions from $58.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Finally, Robert W. Baird increased their price target on shares of UL Solutions from $60.00 to $73.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $69.43.

Insider Activity at UL Solutions

In other news, EVP Alberto Uggetti sold 1,961 shares of the business’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $70.00, for a total transaction of $137,270.00. Following the sale, the executive vice president now directly owns 9,285 shares of the company’s stock, valued at $649,950. The trade was a 17.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gitte Schjotz sold 7,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $67.44, for a total value of $472,080.00. Following the sale, the insider now owns 46,889 shares of the company’s stock, valued at $3,162,194.16. The trade was a 12.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,899 shares of company stock valued at $712,064. Corporate insiders own 1.20% of the company’s stock.

UL Solutions Stock Down 1.4%

NYSE ULS opened at $71.79 on Wednesday. The company has a 50 day moving average of $58.91 and a 200-day moving average of $54.59. UL Solutions Inc. has a 1-year low of $37.87 and a 1-year high of $73.25. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. The company has a market cap of $14.37 billion and a price-to-earnings ratio of 44.31.

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

UL Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Friday, May 30th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.72%. UL Solutions’s payout ratio is 31.14%.

UL Solutions Company 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.