UL Solutions Inc. $ULS Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund trimmed its holdings in shares of UL Solutions Inc. (NYSE:ULS) by 10.2% during the 1st quarter, Holdings Channel reports. The institutional investor owned 400,000 shares of the company’s stock after selling 45,203 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in UL Solutions were worth $34,284,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ULS. Parallel Advisors LLC raised its stake in UL Solutions by 349.3% in the first quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock valued at $26,000 after buying an additional 234 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of UL Solutions by 3,070.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock worth $46,000 after acquiring an additional 614 shares during the last quarter. Rhumbline Advisers purchased a new stake in shares of UL Solutions during the first quarter worth about $49,000. CIBC Private Wealth Group LLC increased its holdings in shares of 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 acquiring an additional 479 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of UL Solutions by 60.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,383 shares of the company’s stock valued at $109,000 after acquiring an additional 519 shares in the last quarter.

Insiders Place Their Bets

In other news, CAO Karen K. Pepping sold 725 shares of UL Solutions stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $97.74, for a total transaction of $70,861.50. Following the completion of the transaction, the chief accounting officer directly owned 8,082 shares of the company’s stock, valued at $789,934.68. The trade was a 8.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Alberto Uggetti sold 6,100 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $100.00, for a total transaction of $610,000.00. Following the completion of the transaction, the executive vice president owned 10,307 shares of the company’s stock, valued at approximately $1,030,700. This represents a 37.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 65,705 shares of company stock worth $6,460,300. Corporate insiders own 1.20% of the company’s stock.

UL Solutions Price Performance

Shares of ULS opened at $85.60 on Monday. The business’s 50-day moving average is $94.57 and its two-hundred day moving average is $86.97. The company has a market capitalization of $17.25 billion, a P/E ratio of 50.06, a P/E/G ratio of 3.27 and a beta of 0.63. UL Solutions Inc. has a fifty-two week low of $61.64 and a fifty-two week high of $107.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.16.

UL Solutions (NYSE:ULS) last issued its earnings results on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, topping 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 firm had revenue of $758.00 million for the quarter, compared to the consensus estimate of $748.50 million. During the same quarter in the prior year, the business earned $0.37 earnings per share. The company’s revenue was up 7.5% compared to the same quarter last year. Research analysts predict that UL Solutions Inc. will post 2.13 earnings per share for the current year.

UL Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 29th were issued a $0.145 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $0.58 dividend on an annualized basis and a yield of 0.7%. UL Solutions’s payout ratio is presently 33.92%.

Analyst Ratings Changes

ULS has been the subject of several research analyst reports. UBS Group raised shares of UL Solutions from a “neutral” rating to a “buy” rating and set a $110.00 price objective for the company in a research report on Tuesday, July 14th. JPMorgan Chase & Co. upped their price target on shares of UL Solutions from $88.00 to $108.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. BNP Paribas Exane began coverage on shares of UL Solutions in a research note on Monday, April 20th. They set a “neutral” rating and a $95.00 price target on the stock. Wells Fargo & Company raised their price target on shares of UL Solutions from $102.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group reiterated a “neutral” rating on shares of UL Solutions in a research note on Wednesday, May 6th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, UL Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.54.

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.