UL Solutions Inc. $ULS Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC lowered its stake in UL Solutions Inc. (NYSE:ULS) by 75.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 20,600 shares of the company’s stock after selling 62,699 shares during the quarter. Lisanti Capital Growth LLC’s holdings in UL Solutions were worth $1,625,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in UL Solutions by 12.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,550,913 shares of the company’s stock valued at $125,484,000 after purchasing an additional 167,564 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of UL Solutions by 405.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 593,484 shares of the company’s stock valued at $42,054,000 after acquiring an additional 476,121 shares during the last quarter. Truist Financial Corp increased its holdings in shares of UL Solutions by 1,981.8% in the 3rd quarter. Truist Financial Corp now owns 68,469 shares of the company’s stock valued at $4,852,000 after acquiring an additional 65,180 shares during the last quarter. Rakuten Investment Management Inc. purchased a new position in shares of UL Solutions in the 3rd quarter valued at about $1,436,000. Finally, Federated Hermes Inc. increased its holdings in shares of UL Solutions by 25.0% in the 3rd quarter. Federated Hermes Inc. now owns 821,596 shares of the company’s stock valued at $58,218,000 after acquiring an additional 164,396 shares during the last quarter.

Analyst Ratings Changes

ULS has been the topic of a number of recent analyst reports. Bank of America increased their price objective on UL Solutions to $86.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. JPMorgan Chase & Co. increased their price objective on UL Solutions from $88.00 to $108.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Citigroup raised their price target on UL Solutions from $87.80 to $106.40 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. The Goldman Sachs Group restated a “neutral” rating on shares of UL Solutions in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company raised their price target on UL Solutions from $102.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $101.54.

Insider Activity

In related news, CEO Jennifer F. Scanlon sold 12,500 shares of UL Solutions stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $91.57, for a total value of $1,144,625.00. Following the sale, the chief executive officer directly owned 188,274 shares in the company, valued at $17,240,250.18. The trade was a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gitte Schjotz sold 8,000 shares of UL Solutions stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $103.96, for a total value of $831,680.00. Following the completion of the sale, the insider owned 81,221 shares in the company, valued at approximately $8,443,735.16. This trade represents a 8.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 43,100 shares of company stock worth $4,063,215 in the last ninety days. 1.20% of the stock is currently owned by insiders.

UL Solutions Trading Up 0.5%

NYSE:ULS opened at $102.87 on Friday. UL Solutions Inc. has a 52-week low of $61.64 and a 52-week high of $107.54. The stock’s 50 day moving average price is $90.49 and its 200 day moving average price is $83.41. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $20.73 billion, a PE ratio of 60.16, a P/E/G ratio of 4.00 and a beta of 0.59.

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

UL Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Friday, May 29th will be issued a $0.145 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.58 annualized dividend and a dividend yield of 0.6%. UL Solutions’s payout ratio is presently 33.92%.

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.