Jefferies Financial Group Inc. Purchases 15,000 Shares of UL Solutions Inc. $ULS

Jefferies Financial Group Inc. increased its position in shares of UL Solutions Inc. (NYSE:ULS) by 100.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,000 shares of the company’s stock after purchasing an additional 15,000 shares during the period. Jefferies Financial Group Inc.’s holdings in UL Solutions were worth $2,126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of UL Solutions by 119.5% during the first quarter. Royal Bank of Canada now owns 143,431 shares of the company’s stock worth $8,090,000 after buying an additional 78,081 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of UL Solutions by 104.3% in the first quarter. Goldman Sachs Group Inc. now owns 460,160 shares of the company’s stock valued at $25,953,000 after acquiring an additional 234,913 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in UL Solutions by 11.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,771 shares of the company’s stock worth $6,981,000 after acquiring an additional 13,205 shares during the period. Rhumbline Advisers bought a new position in UL Solutions during the first quarter worth about $49,000. Finally, Bank of New York Mellon Corp raised its stake in UL Solutions by 21.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 178,428 shares of the company’s stock worth $13,000,000 after purchasing an additional 31,596 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have issued reports on ULS shares. Citigroup cut their price objective on shares of UL Solutions from $88.10 to $87.80 and set a “neutral” rating for the company in a report on Tuesday, February 24th. Weiss Ratings downgraded shares of UL Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. Wells Fargo & Company boosted their price target on UL Solutions from $97.00 to $102.00 and gave the company an “overweight” rating in a research note on Friday, February 20th. UBS Group increased their price target on UL Solutions from $85.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Finally, Robert W. Baird lowered their price objective on UL Solutions from $97.00 to $96.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $87.60.

UL Solutions Price Performance

ULS stock opened at $82.76 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.38. UL Solutions Inc. has a 12 month low of $49.34 and a 12 month high of $91.95. The firm has a market cap of $16.64 billion, a P/E ratio of 52.05, a P/E/G ratio of 3.35 and a beta of 0.87. The company’s 50-day moving average price is $76.92 and its two-hundred day moving average price is $76.49.

UL Solutions (NYSE:ULS) last issued its earnings results on Thursday, February 19th. The company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.46 by $0.07. The company had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $782.37 million. UL Solutions had a net margin of 10.61% and a return on equity of 31.62%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 EPS. On average, analysts anticipate that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Monday, March 2nd will be paid a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 0.7%. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Monday, March 2nd. UL Solutions’s payout ratio is 36.48%.

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.