Thrivent Financial for Lutherans Increases Stock Holdings in UL Solutions Inc. $ULS

Thrivent Financial for Lutherans lifted its stake in shares of UL Solutions Inc. (NYSE:ULS) by 9,024.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 337,881 shares of the company’s stock after buying an additional 334,178 shares during the period. Thrivent Financial for Lutherans’ holdings in UL Solutions were worth $26,645,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Freemont Management S.A. boosted its position in shares of UL Solutions by 197.3% during the fourth quarter. Freemont Management S.A. now owns 21,700 shares of the company’s stock valued at $1,711,000 after buying an additional 14,400 shares during the last quarter. Pacer Advisors Inc. purchased a new position in UL Solutions in the fourth quarter worth $715,000. Oregon Public Employees Retirement Fund purchased a new position in UL Solutions in the fourth quarter worth $1,183,000. Swiss Life Asset Management Ltd boosted its position in UL Solutions by 95.4% in the fourth quarter. Swiss Life Asset Management Ltd now owns 5,648 shares of the company’s stock worth $445,000 after purchasing an additional 2,757 shares during the last quarter. Finally, Securian Asset Management Inc. purchased a new position in UL Solutions in the fourth quarter worth $432,000.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ULS shares. BNP Paribas Exane started coverage on UL Solutions in a research report on Monday, April 20th. They issued a “neutral” rating and a $95.00 price objective on the stock. Telsey Advisory Group set a $100.00 price objective on UL Solutions in a research report on Wednesday, May 6th. Wells Fargo & Company boosted their price objective on UL Solutions from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. UBS Group boosted their price objective on UL Solutions from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings raised UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $101.54.

UL Solutions Stock Performance

NYSE:ULS opened at $98.95 on Monday. UL Solutions Inc. has a 52-week low of $61.64 and a 52-week high of $107.54. The firm has a market cap of $19.94 billion, a price-to-earnings ratio of 57.87, a PEG ratio of 3.85 and a beta of 0.59. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.16. The business’s fifty day moving average is $88.55 and its 200 day moving average is $82.68.

UL Solutions (NYSE:ULS) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The firm had revenue of $758.00 million for 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 company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 earnings per share. Research analysts predict that UL Solutions Inc. will post 2.1 EPS for the current year.

UL Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were paid a dividend of $0.145 per share. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. This represents a $0.58 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Monday, March 2nd. UL Solutions’s dividend payout ratio is presently 33.92%.

Insider Activity at UL Solutions

In related news, EVP Alberto Uggetti sold 6,100 shares of the business’s 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 completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer F. Scanlon sold 12,500 shares of the business’s 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 transaction, the chief executive officer directly owned 188,274 shares of the company’s stock, valued at approximately $17,240,250.18. This represents a 6.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 39,100 shares of company stock valued at $3,655,055. Corporate insiders own 1.20% of the company’s stock.

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.