International Assets Investment Management LLC lifted its holdings in shares of UL Solutions Inc. (NYSE:ULS – Free Report) by 40,069.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,610,000 shares of the company’s stock after purchasing an additional 1,605,992 shares during the period. UL Solutions comprises approximately 0.8% of International Assets Investment Management LLC’s holdings, making the stock its 21st biggest holding. International Assets Investment Management LLC owned 0.80% of UL Solutions worth $105,648,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the stock. Parallel Advisors LLC lifted its stake in UL Solutions by 349.3% in the 1st quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock valued at $26,000 after buying an additional 234 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in UL Solutions during the second quarter worth $34,000. NewEdge Advisors LLC increased its position in UL Solutions by 50.0% during the second quarter. NewEdge Advisors LLC now owns 450 shares of the company’s stock worth $46,000 after buying an additional 150 shares in the last quarter. Mather Group LLC. purchased a new position in UL Solutions during the third quarter worth $33,000. Finally, Signaturefd LLC raised its holdings in shares of UL Solutions by 90.0% in the third quarter. Signaturefd LLC now owns 682 shares of the company’s stock worth $45,000 after acquiring an additional 323 shares during the last quarter.
Insiders Place Their Bets
In other UL Solutions news, CEO Jennifer Scanlon sold 12,500 shares of the firm’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $70.08, for a total value of $876,000.00. Following the sale, the chief executive officer directly owned 126,724 shares of the company’s stock, valued at approximately $8,880,817.92. This trade represents a 8.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 37,500 shares of company stock worth $2,947,750 in the last quarter. Corporate insiders own 1.20% of the company’s stock.
UL Solutions Trading Down 0.7%
Shares of ULS opened at $74.90 on Friday. UL Solutions Inc. has a fifty-two week low of $63.17 and a fifty-two week high of $107.54. The company has a market capitalization of $15.12 billion, a PE ratio of 30.32, a price-to-earnings-growth ratio of 3.13 and a beta of 0.72. The stock has a fifty day moving average of $70.69 and a two-hundred day moving average of $82.49. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.42.
UL Solutions (NYSE:ULS – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.03. The business had revenue of $816.00 million for the quarter, compared to analysts’ expectations of $813.62 million. UL Solutions had a return on equity of 28.81% and a net margin of 16.02%. The business’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. As a group, analysts forecast that UL Solutions Inc. will post 2.09 EPS for the current year.
UL Solutions Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 31st were given a dividend of $0.1450 per share. The ex-dividend date was Monday, August 31st. This represents a $0.58 annualized dividend and a yield of 0.8%. UL Solutions’s dividend payout ratio is 23.48%.
Analysts Set New Price Targets
ULS has been the topic of a number of analyst reports. UBS Group increased their price objective on UL Solutions from $96.00 to $97.00 and gave the company a “buy” rating in a research note on Monday, October 12th. Citigroup cut their target price on shares of UL Solutions from $106.40 to $82.80 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Wall Street Zen downgraded shares of UL Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. William Blair restated an “outperform” rating on shares of UL Solutions in a report on Monday, September 21st. Finally, Wells Fargo & Company decreased their price target on shares of UL Solutions from $120.00 to $104.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 5th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, UL Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $95.88.
Get Our Latest Stock Report on UL Solutions
UL Solutions Company Profile
UL Solutions Inc (NYSE: ULS) is a global applied safety science company that provides testing, inspection, certification, and advisory services. The company helps manufacturers, retailers, regulators, and other organizations evaluate the safety, security, performance, quality, and sustainability of products, facilities, and systems.
Its services cover a broad range of industries, including consumer products, industrial equipment, energy, mobility, information technology, and the built environment.
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