Securian Asset Management Inc. Makes New Investment in UL Solutions Inc. $ULS

Securian Asset Management Inc. purchased a new position in UL Solutions Inc. (NYSE:ULS) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,484 shares of the company’s stock, valued at approximately $432,000.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. bought a new position in UL Solutions in the third quarter worth approximately $40,000. Northwestern Mutual Wealth Management Co. raised its stake in UL Solutions by 3,070.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock worth $46,000 after acquiring an additional 614 shares during the period. PNC Financial Services Group Inc. raised its stake in UL Solutions by 18.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock worth $61,000 after acquiring an additional 133 shares during the period. Rhumbline Advisers purchased a new position in UL Solutions during the first quarter valued at approximately $49,000. Finally, US Bancorp DE boosted its position in shares of UL Solutions by 253.9% in the third quarter. US Bancorp DE now owns 1,596 shares of the company’s stock worth $113,000 after purchasing an additional 1,145 shares during the period.

Insider Buying and Selling

In other UL Solutions news, EVP Alberto Uggetti sold 6,100 shares of UL Solutions stock in a transaction 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 completion of 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Gitte Schjotz sold 8,000 shares of UL Solutions stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $103.96, for a total transaction of $831,680.00. Following the completion of the transaction, the insider directly owned 81,221 shares of the company’s stock, valued at $8,443,735.16. The trade was a 8.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 39,100 shares of company stock worth $3,655,055. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ULS shares. Bank of America upped their price target on shares of UL Solutions to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Robert W. Baird decreased their price objective on shares of UL Solutions from $97.00 to $96.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Zacks Research upgraded shares of UL Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Weiss Ratings upgraded shares of UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. Finally, The Goldman Sachs Group restated a “neutral” rating 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 assigned a Hold rating to the company. According to data from MarketBeat, UL Solutions currently has an average rating of “Moderate Buy” and an average target price of $101.54.

UL Solutions Price Performance

NYSE:ULS opened at $98.95 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $19.94 billion, a P/E ratio of 57.87, a P/E/G ratio of 3.85 and a beta of 0.59. UL Solutions Inc. has a 12 month low of $61.64 and a 12 month high of $107.54. The business’s 50-day moving average is $88.55 and its 200 day moving average is $82.66.

UL Solutions (NYSE:ULS) last posted its earnings results on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The company had revenue of $758.00 million for the quarter, compared to the consensus estimate of $748.50 million. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 earnings per share. On average, equities research analysts forecast that UL Solutions Inc. will post 2.1 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were given a $0.145 dividend. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. 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. UL Solutions’s dividend payout ratio (DPR) is presently 33.92%.

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.