Universal Beteiligungs und Servicegesellschaft mbH Trims Stock Position in UL Solutions Inc. $ULS

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in UL Solutions Inc. (NYSE:ULS) by 64.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,183 shares of the company’s stock after selling 25,785 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in UL Solutions were worth $1,005,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in UL Solutions by 119.5% during the first quarter. Royal Bank of Canada now owns 143,431 shares of the company’s stock valued at $8,090,000 after buying an additional 78,081 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of UL Solutions by 104.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 460,160 shares of the company’s stock worth $25,953,000 after purchasing an additional 234,913 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in UL Solutions by 11.9% in the 1st 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 purchasing an additional 13,205 shares during the period. Rhumbline Advisers bought a new position in UL Solutions in the 1st quarter worth $49,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in UL Solutions during the second quarter valued at $235,000.

UL Solutions Stock Down 1.5%

Shares of ULS opened at $70.11 on Friday. The business’s 50 day moving average is $79.28 and its 200 day moving average is $74.93. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.45. UL Solutions Inc. has a 12-month low of $49.34 and a 12-month high of $91.95. The company has a market capitalization of $14.08 billion, a PE ratio of 41.98 and a beta of 1.09.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.09. UL Solutions had a net margin of 11.29% and a return on equity of 34.49%. The business had revenue of $783.00 million during the quarter, compared to analyst estimates of $769.01 million. During the same period last year, the firm posted $0.49 EPS. The company’s revenue was up 7.1% on a year-over-year basis. Research analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Friday, November 28th were paid a $0.13 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.52 annualized dividend and a yield of 0.7%. UL Solutions’s payout ratio is presently 31.14%.

Wall Street Analyst Weigh In

ULS has been the subject of a number of analyst reports. Robert W. Baird set a $97.00 price target on UL Solutions and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Wells Fargo & Company increased their target price on shares of UL Solutions from $77.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Weiss Ratings restated a “buy (b)” rating on shares of UL Solutions in a research note on Monday, December 29th. Zacks Research downgraded shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday. Finally, The Goldman Sachs Group increased their price objective on shares of UL Solutions from $69.00 to $79.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, UL Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.57.

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.