Jefferies Financial Group Inc. Makes New $1.09 Million Investment in UL Solutions Inc. $ULS

Jefferies Financial Group Inc. bought a new position in UL Solutions Inc. (NYSE:ULS) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 15,000 shares of the company’s stock, valued at approximately $1,093,000.

Several other institutional investors have also made changes to their positions in the company. Elequin Capital LP acquired a new stake in shares of UL Solutions during the first quarter valued at approximately $31,000. Parkside Financial Bank & Trust grew its position in UL Solutions by 48.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 524 shares of the company’s stock worth $38,000 after purchasing an additional 171 shares in the last quarter. Rhumbline Advisers acquired a new stake in UL Solutions during the 1st quarter valued at $49,000. PNC Financial Services Group Inc. lifted its holdings in shares of UL Solutions by 28.2% in the second quarter. PNC Financial Services Group Inc. now owns 731 shares of the company’s stock valued at $53,000 after purchasing an additional 161 shares in the last quarter. Finally, Amica Mutual Insurance Co. acquired a new stake in shares of UL Solutions in the second quarter worth $72,000.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. The Goldman Sachs Group upped their price target on UL Solutions from $69.00 to $79.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. UBS Group upped their target price on UL Solutions from $75.00 to $96.00 and gave the company a “neutral” rating in a report on Wednesday, November 5th. Wells Fargo & Company increased their price target on shares of UL Solutions from $77.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $84.00 price objective (up from $70.00) on shares of UL Solutions in a research report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of UL Solutions in a research note on Tuesday. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $81.71.

UL Solutions Stock Up 1.7%

Shares of UL Solutions stock opened at $90.15 on Thursday. The firm has a market cap of $18.11 billion, a price-to-earnings ratio of 53.98 and a beta of 1.05. The stock has a 50-day simple moving average of $78.47 and a 200-day simple moving average of $72.49. UL Solutions Inc. has a 52-week low of $48.54 and a 52-week high of $91.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.33 and a quick ratio of 1.33.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.09. The firm had revenue of $783.00 million for the quarter, compared to analyst estimates of $769.01 million. UL Solutions had a net margin of 11.29% and a return on equity of 34.49%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 earnings per share. On average, equities research analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Friday, November 28th will be issued a dividend of $0.13 per share. The ex-dividend date is Friday, November 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. UL Solutions’s dividend payout ratio (DPR) is currently 31.14%.

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.