Baker Chad R Grows Position in UL Solutions Inc. (NYSE:ULS)

Baker Chad R increased its holdings in shares of UL Solutions Inc. (NYSE:ULS) by 91.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,300 shares of the company’s stock after purchasing an additional 53,500 shares during the quarter. Baker Chad R’s holdings in UL Solutions were worth $5,602,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of ULS. Stone House Investment Management LLC purchased a new stake in UL Solutions in the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC acquired a new stake in shares of UL Solutions in the second quarter valued at $29,000. Northwest & Ethical Investments L.P. purchased a new stake in shares of UL Solutions in the 3rd quarter valued at $84,000. Sunbelt Securities Inc. acquired a new position in UL Solutions during the 2nd quarter worth about $72,000. Finally, Phillips Wealth Planners LLC purchased a new position in UL Solutions during the 3rd quarter valued at about $218,000.

UL Solutions Trading Up 0.0 %

NYSE:ULS opened at $51.94 on Friday. UL Solutions Inc. has a 12 month low of $33.15 and a 12 month high of $59.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. The business’s fifty day moving average price is $51.38 and its 200 day moving average price is $50.31.

UL Solutions (NYSE:ULS) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. The business had revenue of $731.00 million for the quarter, compared to the consensus estimate of $709.41 million. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. The business’s revenue was up 8.1% on a year-over-year basis. Analysts anticipate that UL Solutions Inc. will post 1.53 earnings per share for the current fiscal year.

UL Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 29th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.50 dividend on an annualized basis and a yield of 0.96%.

Insider Transactions at UL Solutions

In related news, insider Gitte Schjotz sold 5,941 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $52.58, for a total value of $312,377.78. Following the completion of the sale, the insider now directly owns 69,191 shares of the company’s stock, valued at $3,638,062.78. This represents a 7.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Wall Street Analyst Weigh In

ULS has been the topic of a number of recent research reports. Robert W. Baird boosted their price target on shares of UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group upped their target price on shares of UL Solutions from $45.00 to $51.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Citigroup started coverage on shares of UL Solutions in a report on Monday, October 7th. They set a “buy” rating and a $60.00 target price on the stock. UBS Group boosted their price target on shares of UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company increased their price objective on UL Solutions from $56.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.00.

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.