Wilmington Savings Fund Society FSB Buys 9,391 Shares of UL Solutions Inc. $ULS

Wilmington Savings Fund Society FSB boosted its stake in UL Solutions Inc. (NYSE:ULS) by 5,657.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,557 shares of the company’s stock after purchasing an additional 9,391 shares during the period. Wilmington Savings Fund Society FSB’s holdings in UL Solutions were worth $677,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ULS. Cresset Asset Management LLC increased its stake in shares of UL Solutions by 4.0% in the second quarter. Cresset Asset Management LLC now owns 4,174 shares of the company’s stock worth $304,000 after buying an additional 159 shares during the period. PNC Financial Services Group Inc. increased its position in shares of UL Solutions by 28.2% in the second quarter. PNC Financial Services Group Inc. now owns 731 shares of the company’s stock valued at $53,000 after acquiring an additional 161 shares during the period. Sheets Smith Wealth Management raised its stake in shares of UL Solutions by 3.6% during the third quarter. Sheets Smith Wealth Management now owns 4,674 shares of the company’s stock valued at $331,000 after acquiring an additional 164 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of UL Solutions by 48.4% during the second quarter. Parkside Financial Bank & Trust now owns 524 shares of the company’s stock worth $38,000 after purchasing an additional 171 shares during the period. Finally, KLP Kapitalforvaltning AS grew its stake in shares of UL Solutions by 1.2% in the second quarter. KLP Kapitalforvaltning AS now owns 17,100 shares of the company’s stock worth $1,246,000 after purchasing an additional 200 shares during the last quarter.

Analyst Ratings Changes

ULS has been the subject of a number of recent analyst reports. Robert W. Baird set a $97.00 price target on UL Solutions and gave the company an “outperform” rating in a research report on Wednesday, December 17th. The Goldman Sachs Group raised their price target on UL Solutions from $69.00 to $79.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Wells Fargo & Company boosted their price objective on shares of UL Solutions from $77.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. UBS Group raised their target price on shares of UL Solutions from $75.00 to $96.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $84.00 price target (up previously from $70.00) on shares of UL Solutions in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.14.

UL Solutions Trading Down 2.8%

Shares of NYSE ULS opened at $74.98 on Monday. UL Solutions Inc. has a 1 year low of $49.34 and a 1 year high of $91.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.33 and a quick ratio of 1.33. The firm has a 50-day moving average of $82.12 and a 200 day moving average of $74.89. The stock has a market cap of $15.06 billion, a P/E ratio of 44.90 and a beta of 1.09.

UL Solutions (NYSE:ULS) last announced its earnings results on Tuesday, November 4th. The company reported $0.56 earnings per share 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 the consensus estimate of $769.01 million. During the same quarter last year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, sell-side analysts expect that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Announces Dividend

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

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.