UL Solutions Inc. (NYSE:ULS) Position Boosted by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in shares of UL Solutions Inc. (NYSE:ULS) by 91.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,174 shares of the company’s stock after purchasing an additional 32,012 shares during the period. Quantbot Technologies LP’s holdings in UL Solutions were worth $3,351,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stone House Investment Management LLC acquired a new position in shares of UL Solutions in the third quarter worth about $25,000. PNC Financial Services Group Inc. boosted its holdings in shares of UL Solutions by 653.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock worth $33,000 after buying an additional 582 shares during the period. Northwest & Ethical Investments L.P. acquired a new position in shares of UL Solutions in the third quarter worth about $84,000. KBC Group NV acquired a new position in shares of UL Solutions in the fourth quarter worth about $163,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of UL Solutions during the fourth quarter worth approximately $221,000.

UL Solutions Price Performance

NYSE ULS opened at $53.42 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. The stock has a market capitalization of $10.69 billion and a PE ratio of 32.97. The company has a 50 day moving average price of $53.32 and a two-hundred day moving average price of $51.89. UL Solutions Inc. has a 12-month low of $33.15 and a 12-month high of $59.23.

UL Solutions (NYSE:ULS) last posted its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.11. The firm had revenue of $739.00 million during the quarter, compared to analysts’ expectations of $726.54 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. As a group, equities analysts predict that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 28th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.97%. This is a boost from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, February 28th. UL Solutions’s payout ratio is presently 32.10%.

Insider Transactions at UL Solutions

In other news, EVP Alberto Uggetti sold 1,938 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $53.00, for a total value of $102,714.00. Following the completion of the sale, the executive vice president now directly owns 9,285 shares in the company, valued at approximately $492,105. The trade was a 17.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Wall Street Analysts Forecast Growth

ULS has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Citigroup boosted their price objective on shares of UL Solutions from $60.00 to $60.50 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Finally, The Goldman Sachs Group boosted their price objective on shares of UL Solutions from $51.00 to $57.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.45.

UL Solutions Profile

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.