UL Solutions Inc. $ULS Stock Position Raised by TD Asset Management Inc

TD Asset Management Inc grew its position in shares of UL Solutions Inc. (NYSE:ULS) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 309,386 shares of the company’s stock after buying an additional 20,126 shares during the quarter. TD Asset Management Inc’s holdings in UL Solutions were worth $24,398,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in ULS. Capital International Investors increased its holdings in UL Solutions by 10.8% in the third quarter. Capital International Investors now owns 7,548,311 shares of the company’s stock worth $534,738,000 after buying an additional 738,720 shares during the last quarter. Vanguard Group Inc. lifted its stake in UL Solutions by 21.9% in the fourth quarter. Vanguard Group Inc. now owns 6,740,636 shares of the company’s stock valued at $531,567,000 after acquiring an additional 1,213,188 shares during the last quarter. Capital Research Global Investors lifted its stake in UL Solutions by 20.6% in the third quarter. Capital Research Global Investors now owns 3,942,905 shares of the company’s stock valued at $279,394,000 after acquiring an additional 674,088 shares during the last quarter. Bessemer Group Inc. grew its position in UL Solutions by 3.3% in the fourth quarter. Bessemer Group Inc. now owns 2,221,669 shares of the company’s stock worth $175,203,000 after acquiring an additional 70,279 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in UL Solutions by 12.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,550,913 shares of the company’s stock worth $125,484,000 after acquiring an additional 167,564 shares in the last quarter.

UL Solutions Price Performance

NYSE ULS opened at $96.80 on Monday. UL Solutions Inc. has a twelve month low of $61.64 and a twelve month high of $107.54. 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 stock has a market capitalization of $19.51 billion, a PE ratio of 56.61, a P/E/G ratio of 3.77 and a beta of 0.63. The stock has a 50-day simple moving average of $93.40 and a 200 day simple moving average of $84.38.

UL Solutions (NYSE:ULS) last released its earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The firm had revenue of $758.00 million for the quarter, compared to analyst estimates of $748.50 million. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The company’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 EPS. Research analysts anticipate that UL Solutions Inc. will post 2.1 EPS for the current year.

UL Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Friday, May 29th will be paid a $0.145 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.58 annualized dividend and a dividend yield of 0.6%. UL Solutions’s dividend payout ratio (DPR) 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 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 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 SEC, which is available through this hyperlink. Also, Director Friedrich Hecker sold 4,000 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $102.04, for a total transaction of $408,160.00. Following the transaction, the director owned 13,180 shares of the company’s stock, valued at approximately $1,344,887.20. The trade was a 23.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 64,980 shares of company stock worth $6,217,938. Insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ULS. Robert W. Baird cut their price target on shares of UL Solutions from $97.00 to $96.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Zacks Research upgraded shares of UL Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Citigroup increased their target price on shares of UL Solutions from $87.80 to $106.40 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings upgraded UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 8th. Finally, UBS Group boosted their price target on UL Solutions from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.54.

UL Solutions Company 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.