Senator Investment Group LP Has $23.66 Million Position in UL Solutions Inc. $ULS

Senator Investment Group LP increased its position in UL Solutions Inc. (NYSE:ULS) by 9.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 300,000 shares of the company’s stock after acquiring an additional 25,000 shares during the period. Senator Investment Group LP’s holdings in UL Solutions were worth $23,658,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new position in UL Solutions during the third quarter valued at approximately $40,000. Northwestern Mutual Wealth Management Co. grew its holdings in UL Solutions by 3,070.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock valued at $46,000 after purchasing an additional 614 shares during the last quarter. Rhumbline Advisers acquired a new position in UL Solutions during the first quarter valued at approximately $49,000. PNC Financial Services Group Inc. grew its holdings in UL Solutions by 18.2% during the third quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock valued at $61,000 after purchasing an additional 133 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in UL Solutions by 112.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 904 shares of the company’s stock valued at $71,000 after purchasing an additional 479 shares during the last quarter.

Wall Street Analysts Forecast Growth

ULS has been the topic of several analyst reports. Raymond James Financial reiterated an “outperform” rating and set a $115.00 price target on shares of UL Solutions in a report on Wednesday, May 6th. BNP Paribas Exane initiated coverage on UL Solutions in a report on Monday, April 20th. They set a “neutral” rating and a $95.00 price target on the stock. Weiss Ratings upgraded UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 8th. The Goldman Sachs Group reissued a “neutral” rating on shares of UL Solutions in a research report on Wednesday, May 6th. Finally, Citigroup increased their price objective on UL Solutions from $87.80 to $106.40 and gave the company a “neutral” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, UL Solutions has a consensus rating of “Moderate Buy” and an average target price of $101.54.

Insider Transactions at UL Solutions

In related news, CEO Jennifer F. Scanlon sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $91.57, for a total transaction of $1,144,625.00. Following the transaction, the chief executive officer directly owned 188,274 shares of the company’s stock, valued at approximately $17,240,250.18. The trade was a 6.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Alberto Uggetti sold 6,100 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $100.00, for a total value of $610,000.00. Following the transaction, the executive vice president directly owned 10,307 shares in the company, valued at $1,030,700. The trade was a 37.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 65,705 shares of company stock worth $6,288,800. Corporate insiders own 1.20% of the company’s stock.

UL Solutions Stock Performance

Shares of NYSE:ULS opened at $96.98 on Tuesday. UL Solutions Inc. has a twelve month low of $61.64 and a twelve month high of $107.54. The firm has a market cap of $19.55 billion, a PE ratio of 56.71, 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 quick ratio of 1.16 and a current ratio of 1.16. The business has a fifty day moving average of $95.03 and a 200-day moving average of $84.84.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The firm had revenue of $758.00 million during 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 period last year, the company earned $0.37 earnings per share. On average, equities research analysts predict that UL Solutions Inc. will post 2.1 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 29th were paid a $0.145 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.58 annualized dividend and a yield of 0.6%. UL Solutions’s payout ratio is presently 33.92%.

About UL Solutions

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.