CHICAGO TRUST Co NA Makes New Investment in UL Solutions Inc. $ULS

CHICAGO TRUST Co NA bought a new position in UL Solutions Inc. (NYSE:ULS) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 13,285 shares of the company’s stock, valued at approximately $1,139,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Ghisallo Capital Management LLC boosted its holdings in shares of UL Solutions by 1,299.3% during the 4th quarter. Ghisallo Capital Management LLC now owns 1,399,273 shares of the company’s stock valued at $110,347,000 after buying an additional 1,299,273 shares in the last quarter. Vanguard Group Inc. increased its stake in UL Solutions by 21.9% during the 4th quarter. Vanguard Group Inc. now owns 6,740,636 shares of the company’s stock valued at $531,567,000 after purchasing an additional 1,213,188 shares in the last quarter. State Street Corp raised its holdings in UL Solutions by 272.1% in the fourth quarter. State Street Corp now owns 1,460,723 shares of the company’s stock worth $115,193,000 after buying an additional 1,068,194 shares during the last quarter. Norges Bank purchased a new position in UL Solutions in the 4th quarter worth approximately $72,719,000. Finally, Alyeska Investment Group L.P. purchased a new stake in UL Solutions during the 4th quarter valued at $69,002,000.

Analyst Ratings Changes

ULS has been the subject of a number of research analyst reports. Weiss Ratings raised UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 8th. Zacks Research raised shares of UL Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. UBS Group increased their price objective on shares of UL Solutions from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Citigroup raised their target price on shares of UL Solutions from $87.80 to $106.40 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of UL Solutions in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, UL Solutions presently has an average rating of “Moderate Buy” and an average target price of $101.54.

Insider Buying and Selling at UL Solutions

In related news, CAO Karen K. Pepping sold 725 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $97.74, for a total transaction of $70,861.50. Following the completion of the sale, the chief accounting officer directly owned 8,082 shares of the company’s stock, valued at approximately $789,934.68. This trade represents a 8.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gitte Schjotz sold 9,865 shares of UL Solutions stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $96.98, for a total transaction of $956,707.70. Following the sale, the insider owned 59,341 shares of the company’s stock, valued at $5,754,890.18. The trade was a 14.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 53,205 shares of company stock valued at $5,220,050. Corporate insiders own 1.20% of the company’s stock.

UL Solutions Stock Performance

ULS opened at $97.81 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The company has a market cap of $19.71 billion, a price-to-earnings ratio of 57.20, a PEG ratio of 3.96 and a beta of 0.63. The company’s 50 day moving average is $96.94 and its 200 day moving average is $85.86. UL Solutions Inc. has a 12-month low of $61.64 and a 12-month high of $107.54.

UL Solutions (NYSE:ULS) last released its earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.08. The company had revenue of $758.00 million during the quarter, compared to analyst estimates of $748.50 million. UL Solutions had a net margin of 11.24% and a return on equity of 30.99%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 EPS. On average, equities research analysts predict that UL Solutions Inc. will post 2.1 EPS for the current year.

UL Solutions Announces Dividend

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

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.