Pacer Advisors Inc. Acquires New Stake in UL Solutions Inc. $ULS

Pacer Advisors Inc. acquired a new stake in UL Solutions Inc. (NYSE:ULS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,066 shares of the company’s stock, valued at approximately $715,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its stake in UL Solutions by 18.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock valued at $61,000 after purchasing an additional 133 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in UL Solutions by 4.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,541 shares of the company’s stock valued at $251,000 after purchasing an additional 145 shares during the last quarter. Advisor OS LLC raised its stake in UL Solutions by 4.4% in the 4th quarter. Advisor OS LLC now owns 3,477 shares of the company’s stock valued at $274,000 after purchasing an additional 147 shares during the last quarter. Cresset Asset Management LLC raised its stake in UL Solutions by 4.0% in the 2nd quarter. Cresset Asset Management LLC now owns 4,174 shares of the company’s stock valued at $304,000 after purchasing an additional 159 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in UL Solutions by 11.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,521 shares of the company’s stock valued at $179,000 after purchasing an additional 256 shares during the last quarter.

UL Solutions Stock Up 1.6%

Shares of NYSE:ULS opened at $100.37 on Friday. The business has a 50-day moving average price of $88.20 and a 200 day moving average price of $82.55. 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 company has a market capitalization of $20.23 billion, a price-to-earnings ratio of 58.70, a PEG ratio of 3.84 and a beta of 0.59. UL Solutions Inc. has a 12-month low of $61.64 and a 12-month high of $107.54.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The firm had revenue of $758.00 million during the quarter, compared to the consensus estimate of $748.50 million. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $0.37 EPS. Sell-side analysts expect that UL Solutions Inc. will post 2.1 EPS for the current year.

UL Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were issued 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 was Monday, March 2nd. This represents a $0.58 dividend on an annualized basis and a yield of 0.6%. UL Solutions’s dividend payout ratio (DPR) is 33.92%.

Wall Street Analyst Weigh In

Several research firms recently commented on ULS. Robert W. Baird reduced their price objective on UL Solutions from $97.00 to $96.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Bank of America raised their target price on UL Solutions to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. Zacks Research raised UL Solutions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. Citigroup raised their target price on UL Solutions from $87.80 to $106.40 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Telsey Advisory Group set a $100.00 target price on UL Solutions in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $101.54.

Insider Activity at UL Solutions

In related news, CEO Jennifer F. Scanlon sold 12,500 shares of the firm’s 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 completion of the transaction, the chief executive officer directly owned 188,274 shares in the company, valued at $17,240,250.18. This trade represents a 6.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Alberto Uggetti sold 6,100 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $100.00, for a total value of $610,000.00. Following the transaction, the executive vice president owned 10,307 shares of the company’s stock, valued at $1,030,700. This trade represents a 37.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 39,100 shares of company stock worth $3,655,055 in the last three months. 1.20% of the stock is owned by company insiders.

About UL Solutions

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.