Rakuten Investment Management Inc. Acquires New Position in UL Solutions Inc. $ULS

Rakuten Investment Management Inc. purchased a new stake in shares of UL Solutions Inc. (NYSE:ULS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,265 shares of the company’s stock, valued at approximately $1,436,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vest Financial LLC increased its stake in shares of UL Solutions by 82.4% during the third quarter. Vest Financial LLC now owns 63,465 shares of the company’s stock valued at $4,497,000 after buying an additional 28,670 shares during the period. WoodTrust Financial Corp raised its holdings in shares of UL Solutions by 14.2% in the 3rd quarter. WoodTrust Financial Corp now owns 6,850 shares of the company’s stock valued at $485,000 after purchasing an additional 850 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its position in shares of UL Solutions by 5,657.2% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 9,557 shares of the company’s stock worth $677,000 after purchasing an additional 9,391 shares during the period. Impact Capital Partners LLC bought a new position in shares of UL Solutions during the third quarter valued at approximately $536,000. Finally, Stephens Inc. AR purchased a new position in UL Solutions during the third quarter valued at approximately $241,000.

UL Solutions Stock Down 1.9%

UL Solutions stock opened at $71.19 on Friday. UL Solutions Inc. has a 12 month low of $49.34 and a 12 month high of $91.95. The stock has a market capitalization of $14.30 billion, a PE ratio of 42.63 and a beta of 1.09. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.33 and a quick ratio of 1.33. The business has a 50 day simple moving average of $80.74 and a 200-day simple moving average of $74.89.

UL Solutions (NYSE:ULS) last posted 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 analysts’ expectations 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 prior year, the business posted $0.49 earnings per share. On average, analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Friday, November 28th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, November 28th. UL Solutions’s dividend payout ratio (DPR) is 31.14%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ULS shares. Weiss Ratings reiterated a “buy (b)” rating on shares of UL Solutions in a report on Monday, December 29th. Wells Fargo & Company increased their price target on shares of UL Solutions from $77.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Robert W. Baird set a $97.00 price objective on shares of UL Solutions and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. UBS Group lowered their target price on shares of UL Solutions from $96.00 to $85.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $84.00 price target (up from $70.00) on shares of UL Solutions in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.57.

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.