UL Solutions Inc. $ULS Shares Sold by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. lowered its position in shares of UL Solutions Inc. (NYSE:ULS) by 10.0% in the 1st quarter, Holdings Channel reports. The fund owned 60,300 shares of the company’s stock after selling 6,700 shares during the period. LGT Fund Management Co Ltd.’s holdings in UL Solutions were worth $5,168,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of ULS. Capital International Investors lifted its position in UL Solutions by 6.6% in the 4th quarter. Capital International Investors now owns 8,043,735 shares of the company’s stock valued at $634,616,000 after purchasing an additional 495,424 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of UL Solutions by 21.9% in the fourth quarter. Vanguard Group Inc. now owns 6,740,636 shares of the company’s stock valued at $531,567,000 after purchasing an additional 1,213,188 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of UL Solutions by 10.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,878,995 shares of the company’s stock valued at $463,618,000 after purchasing an additional 545,528 shares during the period. Janus Henderson Group PLC raised its holdings in shares of UL Solutions by 1.8% during the fourth quarter. Janus Henderson Group PLC now owns 3,024,820 shares of the company’s stock valued at $238,538,000 after buying an additional 54,910 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of UL Solutions by 3.3% during the fourth quarter. Bessemer Group Inc. now owns 2,221,669 shares of the company’s stock valued at $175,203,000 after buying an additional 70,279 shares during the last quarter.

UL Solutions Price Performance

Shares of NYSE:ULS traded up $0.75 on Friday, reaching $87.26. 655,456 shares of the company traded hands, compared to its average volume of 1,355,648. The stock has a market capitalization of $17.59 billion, a PE ratio of 51.03, a P/E/G ratio of 3.40 and a beta of 0.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 1.16. The company’s 50 day moving average is $97.04 and its 200-day moving average is $86.41. UL Solutions Inc. has a fifty-two week low of $61.64 and a fifty-two week high of $107.54.

UL Solutions (NYSE:ULS) last issued its earnings results 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 business had revenue of $758.00 million for the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $0.37 EPS. As a group, analysts anticipate that UL Solutions Inc. will post 2.1 earnings per share for the current fiscal year.

UL Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 29th were paid a $0.145 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.58 dividend on an annualized basis and a yield of 0.7%. UL Solutions’s dividend payout ratio (DPR) is currently 33.92%.

Insider Transactions at UL Solutions

In other news, EVP Alberto Uggetti sold 6,100 shares of UL Solutions stock in a transaction that occurred on 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Karen K. Pepping sold 725 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $97.74, for a total transaction of $70,861.50. Following the sale, the chief accounting officer owned 8,082 shares in the company, valued at $789,934.68. This represents a 8.23% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 65,705 shares of company stock worth $6,460,300 in the last three months. Insiders own 1.20% of the company’s stock.

Analyst Ratings Changes

ULS has been the subject of a number of recent analyst reports. Weiss Ratings raised UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 8th. 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. Citigroup raised their price target on UL Solutions from $87.80 to $106.40 and gave the company a “neutral” rating in a report on Thursday, May 7th. Zacks Research cut shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of UL Solutions in a report on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $101.54.

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.