7,620 Shares in UL Solutions Inc. $ULS Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. acquired a new position in UL Solutions Inc. (NYSE:ULS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,620 shares of the company’s stock, valued at approximately $500,000.

A number of other large investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in shares of UL Solutions during the 2nd quarter worth approximately $2,428,000. Reynders McVeigh Capital Management LLC grew its holdings in shares of UL Solutions by 3.8% in the second quarter. Reynders McVeigh Capital Management LLC now owns 608,136 shares of the company’s stock valued at $61,945,000 after purchasing an additional 22,028 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of UL Solutions by 68.2% in the first quarter. Bank of America Corp DE now owns 113,623 shares of the company’s stock valued at $9,739,000 after purchasing an additional 46,071 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of UL Solutions by 2.0% in the first quarter. Bessemer Group Inc. now owns 2,265,772 shares of the company’s stock valued at $194,199,000 after purchasing an additional 44,103 shares in the last quarter. Finally, Ranger Investment Management L.P. increased its position in UL Solutions by 8.5% in the first quarter. Ranger Investment Management L.P. now owns 446,930 shares of the company’s stock worth $38,306,000 after purchasing an additional 35,096 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ULS. Robert W. Baird decreased their price target on shares of UL Solutions from $95.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, September 24th. UBS Group increased their price objective on shares of UL Solutions from $96.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, October 12th. William Blair reissued an “outperform” rating on shares of UL Solutions in a research note on Monday, September 21st. The Goldman Sachs Group set a $86.00 target price on shares of UL Solutions in a report on Wednesday, August 5th. Finally, Wells Fargo & Company upped their target price on shares of UL Solutions from $104.00 to $105.00 and gave the company an “overweight” rating in a research report on Wednesday. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $95.84.

Insiders Place Their Bets

In other news, CEO Jennifer Scanlon sold 12,500 shares of the stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $75.03, for a total value of $937,875.00. Following the sale, the chief executive officer owned 114,224 shares of the company’s stock, valued at approximately $8,570,226.72. This represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 37,500 shares of company stock worth $2,734,625 in the last quarter. Insiders own 1.20% of the company’s stock.

Key Stories Impacting UL Solutions

Here are the key news stories impacting UL Solutions this week:

• Positive Sentiment: UL Solutions is expanding its high-wind testing services in North America, broadening its testing capabilities and potential reach in the wind-energy market. UL Solutions Expands High-Wind Testing Services in North America
• Positive Sentiment: In its latest quarter, revenue increased 5.1% year over year to $823 million, ahead of estimates; EPS of $0.62 matched consensus. The results offer evidence of continued growth, though the earnings-per-share figure was not a surprise.
• Neutral Sentiment: The company joined an industry proposal to the FDA recommending competency-based approaches to regulated life-sciences training. This could create opportunities if adopted, but it is a proposal rather than an announced regulatory change. UL Solutions Collaborates on Life Science Training Initiative
• Neutral Sentiment: Analyst opinions were mixed: Wells Fargo raised its target to $105 and kept an Overweight rating, while Citigroup lowered its target to $81.40 and retained a Neutral rating. Wells Fargo analyst ratings Citigroup analyst ratings
• Negative Sentiment: CEO Jennifer Scanlon sold 12,500 shares for about $938,000, reducing her holdings by roughly 9.9%. The reported sale may pressure sentiment, although no reason for the transaction was provided. CEO share sale report

UL Solutions Price Performance

Shares of UL Solutions stock opened at $76.46 on Friday. The stock has a market cap of $15.44 billion, a price-to-earnings ratio of 30.46, a price-to-earnings-growth ratio of 3.31 and a beta of 0.62. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.42 and a current ratio of 2.09. The stock has a 50 day moving average price of $70.95 and a 200-day moving average price of $82.50. UL Solutions Inc. has a one year low of $63.17 and a one year high of $107.54.

UL Solutions (NYSE:ULS) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. The company had revenue of $823.00 million for the quarter, compared to analyst estimates of $815.72 million. UL Solutions had a return on equity of 26.65% and a net margin of 16.07%. UL Solutions’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 EPS. Equities analysts expect that UL Solutions Inc. will post 2.09 EPS for the current year.

UL Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 31st were given a dividend of $0.1450 per share. The ex-dividend date was Monday, August 31st. This represents a $0.58 dividend on an annualized basis and a yield of 0.8%. UL Solutions’s payout ratio is 23.11%.

UL Solutions Company Profile

UL Solutions Inc (NYSE: ULS) is a global applied safety science company that provides testing, inspection, certification, and advisory services. The company helps manufacturers, retailers, regulators, and other organizations evaluate the safety, security, performance, quality, and sustainability of products, facilities, and systems.

Its services cover a broad range of industries, including consumer products, industrial equipment, energy, mobility, information technology, and the built environment.