Hall Laurie J Trustee Buys 5,040 Shares of UL Solutions Inc. (NYSE:ULS)

Hall Laurie J Trustee lifted its stake in shares of UL Solutions Inc. (NYSE:ULS) by 10.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 54,050 shares of the company’s stock after buying an additional 5,040 shares during the period. Hall Laurie J Trustee’s holdings in UL Solutions were worth $2,696,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Stone House Investment Management LLC purchased a new position in shares of UL Solutions during the 3rd quarter worth approximately $25,000. EverSource Wealth Advisors LLC purchased a new position in shares of UL Solutions in the 2nd quarter valued at approximately $29,000. Northwest & Ethical Investments L.P. bought a new stake in shares of UL Solutions during the third quarter valued at approximately $84,000. Sunbelt Securities Inc. purchased a new stake in UL Solutions in the second quarter worth $72,000. Finally, Phillips Wealth Planners LLC bought a new position in UL Solutions in the third quarter worth $218,000.

Analysts Set New Price Targets

A number of analysts have recently commented on ULS shares. The Goldman Sachs Group boosted their target price on shares of UL Solutions from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Wells Fargo & Company boosted their price objective on shares of UL Solutions from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Robert W. Baird raised their target price on shares of UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Citigroup assumed coverage on UL Solutions in a research report on Monday, October 7th. They issued a “buy” rating and a $60.00 price target on the stock. Finally, UBS Group raised their price objective on UL Solutions from $52.00 to $54.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.00.

Insider Activity at UL Solutions

In related news, insider Gitte Schjotz sold 5,941 shares of UL Solutions stock in a transaction on Monday, December 9th. The stock was sold at an average price of $52.58, for a total value of $312,377.78. Following the completion of the sale, the insider now owns 69,191 shares of the company’s stock, valued at $3,638,062.78. The trade was a 7.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

UL Solutions Trading Up 0.0 %

UL Solutions stock opened at $51.94 on Monday. UL Solutions Inc. has a 12 month low of $33.15 and a 12 month high of $59.23. The stock has a fifty day simple moving average of $51.38 and a two-hundred day simple moving average of $50.42. 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 (NYSE:ULS) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.39 by $0.10. The company had revenue of $731.00 million during the quarter, compared to the consensus estimate of $709.41 million. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. The firm’s revenue was up 8.1% compared to the same quarter last year. As a group, analysts expect that UL Solutions Inc. will post 1.53 EPS for the current year.

UL Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, November 29th. This represents a $0.50 annualized dividend and a dividend yield of 0.96%.

UL Solutions 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.