Baker Chad R Increases Holdings in UL Solutions Inc. (NYSE:ULS)

Baker Chad R boosted its position in UL Solutions Inc. (NYSE:ULS) by 91.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 112,300 shares of the company’s stock after buying an additional 53,500 shares during the period. Baker Chad R owned approximately 0.06% of UL Solutions worth $5,602,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of ULS. Stone House Investment Management LLC acquired a new stake in UL Solutions during the third quarter worth about $25,000. EverSource Wealth Advisors LLC purchased a new stake in UL Solutions in the 2nd quarter worth approximately $29,000. Sunbelt Securities Inc. acquired a new stake in shares of UL Solutions during the 2nd quarter worth approximately $72,000. Northwest & Ethical Investments L.P. acquired a new stake in shares of UL Solutions during the 3rd quarter worth approximately $84,000. Finally, Victory Capital Management Inc. purchased a new position in shares of UL Solutions during the 2nd quarter valued at approximately $208,000.

Analyst Ratings Changes

Several analysts recently commented on ULS shares. Robert W. Baird raised their price target on shares of UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group raised their target price on UL Solutions from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Citigroup started coverage on UL Solutions in a report on Monday, October 7th. They issued a “buy” rating and a $60.00 price target for the company. UBS Group raised their price objective on UL Solutions from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company boosted their price objective on UL Solutions from $56.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, UL Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

UL Solutions Stock Up 0.0 %

Shares of NYSE:ULS opened at $51.94 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. UL Solutions Inc. has a 1 year low of $33.15 and a 1 year high of $59.23. The business’s 50 day moving average price is $51.38 and its 200-day moving average price is $50.31.

UL Solutions (NYSE:ULS) last announced its earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.10. The company had revenue of $731.00 million for the quarter, compared to analysts’ expectations of $709.41 million. UL Solutions had a net margin of 10.76% and a return on equity of 40.88%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts anticipate that UL Solutions Inc. will post 1.53 earnings per share for the current year.

UL Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.50 annualized dividend and a yield of 0.96%.

Insider Buying and Selling at UL Solutions

In other UL Solutions news, insider Gitte Schjotz sold 5,941 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $52.58, for a total value of $312,377.78. Following the completion of the sale, the insider now directly owns 69,191 shares of the company’s stock, valued at $3,638,062.78. This trade represents a 7.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

About UL Solutions

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.