Maven Securities LTD purchased a new stake in shares of UL Solutions Inc. (NYSE:ULS – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 40,000 shares of the company’s stock, valued at approximately $3,154,000.
Other large investors have also recently bought and sold shares of the company. Assetmark Inc. acquired a new position in UL Solutions during the third quarter valued at $40,000. Northwestern Mutual Wealth Management Co. raised its position in UL Solutions by 3,070.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock valued at $46,000 after buying an additional 614 shares during the period. Rhumbline Advisers acquired a new position in UL Solutions during the first quarter valued at $49,000. PNC Financial Services Group Inc. raised its position in UL Solutions by 18.2% during the third quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock valued at $61,000 after buying an additional 133 shares during the period. Finally, CIBC Private Wealth Group LLC raised its position in UL Solutions by 112.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 904 shares of the company’s stock valued at $71,000 after buying an additional 479 shares during the period.
UL Solutions Stock Performance
Shares of ULS stock opened at $97.07 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 1.16. UL Solutions Inc. has a fifty-two week low of $61.64 and a fifty-two week high of $107.54. The stock’s 50-day moving average is $94.78 and its two-hundred day moving average is $84.78. The firm has a market cap of $19.56 billion, a P/E ratio of 56.76, a PEG ratio of 3.77 and a beta of 0.63.
UL Solutions Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 29th were given a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, May 29th. UL Solutions’s dividend payout ratio is presently 33.92%.
Analyst Upgrades and Downgrades
ULS has been the topic of several recent analyst reports. Zacks Research raised UL Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. The Goldman Sachs Group reissued a “neutral” rating on shares of UL Solutions in a research report on Wednesday, May 6th. BNP Paribas Exane initiated coverage on UL Solutions in a research report on Monday, April 20th. They set a “neutral” rating and a $95.00 price target on the stock. Raymond James Financial reissued an “outperform” rating and set a $115.00 price target on shares of UL Solutions in a research report on Wednesday, May 6th. Finally, UBS Group upped their target price on UL Solutions from $90.00 to $110.00 and gave the stock a “neutral” rating 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 assigned a Hold rating to the company. According to data from MarketBeat, UL Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $101.54.
Get Our Latest Stock Analysis on UL Solutions
Insider Buying and Selling
In other news, CEO Jennifer F. Scanlon sold 12,500 shares of the stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $91.57, for a total transaction of $1,144,625.00. Following the transaction, the chief executive officer owned 188,274 shares of the company’s stock, valued at approximately $17,240,250.18. This represents a 6.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gitte Schjotz sold 12,015 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $99.71, for a total value of $1,198,015.65. Following the transaction, the insider directly owned 69,206 shares in the company, valued at approximately $6,900,530.26. This represents a 14.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 65,705 shares of company stock worth $6,288,800. Insiders own 1.20% of the company’s stock.
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.
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