UL Solutions Inc. $ULS Shares Acquired by Freemont Management S.A.

Freemont Management S.A. lifted its holdings in shares of UL Solutions Inc. (NYSE:ULS) by 197.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 21,700 shares of the company’s stock after buying an additional 14,400 shares during the quarter. Freemont Management S.A.’s holdings in UL Solutions were worth $1,711,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. PNC Financial Services Group Inc. boosted its stake in shares of UL Solutions by 18.2% during the third quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock worth $61,000 after buying an additional 133 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in shares of UL Solutions by 4.3% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,541 shares of the company’s stock worth $251,000 after buying an additional 145 shares during the period. Advisor OS LLC boosted its stake in shares of UL Solutions by 4.4% during the fourth quarter. Advisor OS LLC now owns 3,477 shares of the company’s stock worth $274,000 after buying an additional 147 shares during the period. Cresset Asset Management LLC boosted its stake in shares of UL Solutions by 4.0% during the second quarter. Cresset Asset Management LLC now owns 4,174 shares of the company’s stock worth $304,000 after buying an additional 159 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of UL Solutions by 11.3% during the third quarter. BNP Paribas Financial Markets now owns 2,521 shares of the company’s stock worth $179,000 after buying an additional 256 shares during the period.

Insider Activity

In other news, CEO Jennifer F. Scanlon sold 12,500 shares of UL Solutions stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $91.57, for a total transaction of $1,144,625.00. Following the completion of the sale, the chief executive officer directly owned 188,274 shares in the company, valued at approximately $17,240,250.18. This trade represents a 6.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $610,000.00. Following the sale, the executive vice president owned 10,307 shares of the company’s stock, valued at approximately $1,030,700. The trade was a 37.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 39,100 shares of company stock worth $3,655,055. Company insiders own 1.20% of the company’s stock.

UL Solutions Price Performance

Shares of NYSE:ULS opened at $98.87 on Thursday. 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 cap of $19.88 billion, a P/E ratio of 57.82, a PEG ratio of 3.78 and a beta of 0.59. UL Solutions Inc. has a 52 week low of $61.64 and a 52 week high of $107.54. The company has a 50-day moving average price of $87.83 and a 200 day moving average price of $82.41.

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

UL Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Monday, March 2nd. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s payout ratio is 33.92%.

Analyst Ratings Changes

Several brokerages have recently weighed in on ULS. Bank of America increased their target price on shares of UL Solutions to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, February 17th. UBS Group raised their price objective on shares of UL Solutions from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group restated a “neutral” rating on shares of UL Solutions in a research report on Wednesday, May 6th. Wells Fargo & Company raised their price objective on shares of UL Solutions from $102.00 to $120.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Telsey Advisory Group set a $100.00 price objective on shares of UL Solutions in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $101.54.

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.