Foundations Investment Advisors LLC Makes New $514,000 Investment in UL Solutions Inc. $ULS

Foundations Investment Advisors LLC bought a new stake in shares of UL Solutions Inc. (NYSE:ULS) during the second quarter, Holdings Channel.com reports. The fund bought 7,053 shares of the company’s stock, valued at approximately $514,000.

A number of other institutional investors also recently bought and sold shares of ULS. Parkside Financial Bank & Trust boosted 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 valued at $38,000 after acquiring an additional 171 shares in the last quarter. Elequin Capital LP purchased a new position in shares of UL Solutions in the 1st quarter valued at approximately $31,000. PNC Financial Services Group Inc. boosted its position in shares of UL Solutions by 28.2% during 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. Rhumbline Advisers purchased a new stake in UL Solutions in the first quarter worth $49,000. Finally, Amica Mutual Insurance Co. bought a new position in UL Solutions in the second quarter worth $72,000.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a $84.00 target price (up previously from $70.00) on shares of UL Solutions in a report on Wednesday, November 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of UL Solutions in a research note on Thursday, November 13th. The Goldman Sachs Group raised their target price on shares of UL Solutions from $69.00 to $79.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Wells Fargo & Company boosted their price target on UL Solutions from $77.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Finally, UBS Group upped their price target on UL Solutions from $75.00 to $96.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $81.71.

UL Solutions Trading Up 1.5%

Shares of NYSE ULS opened at $87.38 on Wednesday. The firm’s 50 day moving average price is $76.04 and its 200-day moving average price is $71.69. 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 quick ratio of 1.33 and a current ratio of 1.33. The company has a market cap of $17.55 billion, a PE ratio of 52.32 and a beta of 1.05.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.09. The company had revenue of $783.00 million during 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 firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 EPS. On average, equities research analysts expect that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Dividend Announcement

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. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, November 28th. UL Solutions’s dividend payout ratio is presently 31.14%.

UL Solutions Company 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.