Versor Investments LP Makes New Investment in UL Solutions Inc. (NYSE:ULS)

Versor Investments LP bought a new stake in shares of UL Solutions Inc. (NYSE:ULS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 7,530 shares of the company’s stock, valued at approximately $376,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ULS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in UL Solutions during the 3rd quarter worth about $2,086,000. Victory Capital Management Inc. grew its position in shares of UL Solutions by 377.1% during the third quarter. Victory Capital Management Inc. now owns 23,540 shares of the company’s stock worth $1,161,000 after buying an additional 18,606 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of UL Solutions during the third quarter worth approximately $9,615,000. Renaissance Capital LLC raised its holdings in UL Solutions by 108.5% in the fourth quarter. Renaissance Capital LLC now owns 87,609 shares of the company’s stock valued at $4,370,000 after acquiring an additional 45,595 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in UL Solutions by 29.3% in the third quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock worth $222,658,000 after acquiring an additional 1,022,851 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ULS. Wells Fargo & Company raised their price objective on shares of UL Solutions from $56.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. The Goldman Sachs Group boosted their price target on UL Solutions from $51.00 to $57.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Citigroup increased their price objective on UL Solutions from $60.00 to $60.50 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their target price on UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, Robert W. Baird upped their price target on UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.45.

Insider Transactions at UL Solutions

In other UL Solutions news, insider Gitte Schjotz sold 5,941 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $52.58, for a total transaction of $312,377.78. Following the completion of the transaction, the insider now directly owns 69,191 shares in the company, valued at approximately $3,638,062.78. This trade represents a 7.91 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

UL Solutions Trading Up 0.1 %

Shares of ULS stock opened at $53.08 on Monday. The business’s fifty day moving average price is $52.67 and its 200 day moving average price is $52.05. The firm has a market capitalization of $10.63 billion and a PE ratio of 32.77. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. UL Solutions Inc. has a 1-year low of $33.15 and a 1-year high of $59.23.

UL Solutions (NYSE:ULS) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.11. The business had revenue of $739.00 million for the quarter, compared to analysts’ expectations of $726.54 million. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. As a group, sell-side analysts forecast that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 28th will be given a $0.13 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.98%. This is a boost from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s dividend payout ratio (DPR) is currently 32.10%.

UL Solutions Company Profile

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.