J. Goldman & Co LP Trims Stock Position in UL Solutions Inc. (NYSE:ULS)

J. Goldman & Co LP decreased its holdings in UL Solutions Inc. (NYSE:ULS) by 63.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,214 shares of the company’s stock after selling 275,231 shares during the quarter. J. Goldman & Co LP owned 0.08% of UL Solutions worth $7,842,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ULS. Norges Bank bought a new stake in shares of UL Solutions during the 4th quarter valued at $173,869,000. T. Rowe Price Investment Management Inc. grew its holdings in UL Solutions by 88.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,224,709 shares of the company’s stock valued at $210,729,000 after purchasing an additional 1,987,295 shares during the period. JPMorgan Chase & Co. increased its position in UL Solutions by 29.3% in the third quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock worth $222,658,000 after buying an additional 1,022,851 shares in the last quarter. Capital International Investors raised its stake in shares of UL Solutions by 7.4% in the fourth quarter. Capital International Investors now owns 11,691,957 shares of the company’s stock worth $583,324,000 after buying an additional 809,779 shares during the period. Finally, Wellington Management Group LLP purchased a new position in shares of UL Solutions during the 4th quarter valued at about $32,091,000.

Insider Buying and Selling at UL Solutions

In other news, insider Gitte Schjotz sold 7,000 shares of UL Solutions stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $67.44, for a total transaction of $472,080.00. Following the completion of the sale, the insider now owns 46,889 shares of the company’s stock, valued at approximately $3,162,194.16. The trade was a 12.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Alberto Uggetti sold 1,938 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $53.00, for a total value of $102,714.00. Following the completion of the transaction, the executive vice president now directly owns 9,285 shares in the company, valued at approximately $492,105. This trade represents a 17.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,899 shares of company stock valued at $712,064 in the last quarter. 1.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. UBS Group increased their target price on shares of UL Solutions from $58.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday. Citigroup raised their price objective on shares of UL Solutions from $60.00 to $60.50 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Raymond James upped their target price on shares of UL Solutions from $60.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday. The Goldman Sachs Group raised their price target on UL Solutions from $57.00 to $63.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on UL Solutions from $55.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $67.93.

UL Solutions Price Performance

NYSE:ULS opened at $70.09 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. UL Solutions Inc. has a 12 month low of $36.51 and a 12 month high of $71.89. The business’s 50-day moving average is $56.12 and its 200 day moving average is $53.68. The company has a market capitalization of $14.03 billion and a P/E ratio of 43.27.

UL Solutions (NYSE:ULS) last announced its earnings results on Tuesday, May 6th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.05. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The firm had revenue of $705.00 million during the quarter, compared to analysts’ expectations of $704.19 million. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities research analysts forecast that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were issued a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a yield of 0.74%. This is a boost from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s payout ratio is presently 31.14%.

About UL Solutions

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.