5,202 Shares in UL Solutions Inc. $ULS Purchased by Vestcor Inc

Vestcor Inc bought a new stake in UL Solutions Inc. (NYSE:ULS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,202 shares of the company’s stock, valued at approximately $410,000.

Other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. acquired a new position in UL Solutions in the 3rd quarter valued at $40,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of UL Solutions by 3,070.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock worth $46,000 after purchasing an additional 614 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of UL Solutions by 18.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock worth $61,000 after purchasing an additional 133 shares in the last quarter. Rhumbline Advisers acquired a new stake in shares of UL Solutions during the 1st quarter worth $49,000. Finally, US Bancorp DE grew its holdings in shares of UL Solutions by 253.9% during the 3rd quarter. US Bancorp DE now owns 1,596 shares of the company’s stock worth $113,000 after purchasing an additional 1,145 shares in the last quarter.

Insider Buying and Selling

In related news, insider Gitte Schjotz sold 12,015 shares of UL Solutions stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $99.71, for a total transaction of $1,198,015.65. Following the sale, the insider directly owned 69,206 shares in the company, valued at approximately $6,900,530.26. This trade represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jennifer F. Scanlon sold 12,500 shares of UL Solutions stock in a transaction on Friday, May 1st. The stock was sold at an average price of $91.57, for a total value of $1,144,625.00. Following the sale, the chief executive officer owned 188,274 shares in the company, valued at $17,240,250.18. This trade represents a 6.23% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 64,980 shares of company stock worth $6,217,938 over the last three months. Company insiders own 1.20% of the company’s stock.

UL Solutions Price Performance

Shares of ULS opened at $98.67 on Wednesday. The business has a 50-day moving average of $93.96 and a 200-day moving average of $84.53. UL Solutions Inc. has a 1 year low of $61.64 and a 1 year high of $107.54. The company has a market capitalization of $19.89 billion, a price-to-earnings ratio of 57.70, a price-to-earnings-growth ratio of 3.77 and a beta of 0.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 1.16.

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

UL Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 29th were issued a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, May 29th. UL Solutions’s dividend payout ratio (DPR) is currently 33.92%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. UBS Group increased their target price on UL Solutions from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Citigroup upped their price objective on UL Solutions from $87.80 to $106.40 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded UL Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Wells Fargo & Company upped their price objective on UL Solutions from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Finally, Telsey Advisory Group set a $100.00 price objective on UL Solutions in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $101.54.

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.