Bessemer Group Inc. raised its position in shares of UL Solutions Inc. (NYSE:ULS – Free Report) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,221,669 shares of the company’s stock after acquiring an additional 70,279 shares during the period. Bessemer Group Inc.’s holdings in UL Solutions were worth $175,203,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in UL Solutions by 18.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock valued at $61,000 after acquiring an additional 133 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in UL Solutions by 4.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,541 shares of the company’s stock valued at $251,000 after acquiring an additional 145 shares in the last quarter. Advisor OS LLC boosted its position in UL Solutions by 4.4% during the 4th quarter. Advisor OS LLC now owns 3,477 shares of the company’s stock valued at $274,000 after acquiring an additional 147 shares in the last quarter. Cresset Asset Management LLC boosted its position in UL Solutions by 4.0% during the 2nd quarter. Cresset Asset Management LLC now owns 4,174 shares of the company’s stock valued at $304,000 after acquiring an additional 159 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in UL Solutions by 11.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,521 shares of the company’s stock valued at $179,000 after acquiring an additional 256 shares in the last quarter.
Analysts Set New Price Targets
ULS has been the topic of a number of analyst reports. BNP Paribas Exane initiated coverage on UL Solutions in a research report on Monday, April 20th. They issued a “neutral” rating and a $95.00 price target on the stock. UBS Group boosted their price target on UL Solutions from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Bank of America boosted their price target on UL Solutions to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Telsey Advisory Group set a $100.00 price target on UL Solutions in a research report on Wednesday, May 6th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $115.00 price target on shares of UL Solutions in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, UL Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $101.54.
UL Solutions Price Performance
Shares of ULS opened at $100.37 on Friday. The firm has a market cap of $20.23 billion, a PE ratio of 58.70, a P/E/G ratio of 3.84 and a beta of 0.59. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $88.20 and a two-hundred day simple moving average of $82.55. UL Solutions Inc. has a 1-year low of $61.64 and a 1-year high of $107.54.
UL Solutions (NYSE:ULS – Get Free Report) last announced its earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The business had revenue of $758.00 million during the quarter, compared to analyst estimates of $748.50 million. UL Solutions had a net margin of 11.24% and a return on equity of 30.99%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. On average, equities analysts anticipate that UL Solutions Inc. will post 2.1 EPS for the current year.
UL Solutions Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.145 per share. The ex-dividend date was Monday, March 2nd. This represents a $0.58 dividend on an annualized basis and a yield of 0.6%. This is a boost from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s dividend payout ratio (DPR) is presently 33.92%.
Insider Buying and Selling at UL Solutions
In other UL Solutions news, CEO Jennifer F. Scanlon sold 12,500 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $91.57, for a total transaction of $1,144,625.00. Following the completion of the sale, the chief executive officer directly owned 188,274 shares in the company, valued at approximately $17,240,250.18. The trade was a 6.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gitte Schjotz sold 8,000 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $103.96, for a total transaction of $831,680.00. Following the sale, the insider owned 81,221 shares of the company’s stock, valued at approximately $8,443,735.16. This represents a 8.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 39,100 shares of company stock worth $3,655,055. Insiders own 1.20% of the company’s stock.
UL Solutions 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.
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