Quantbot Technologies LP Increases Stock Position in UL Solutions Inc. (NYSE:ULS)

Quantbot Technologies LP raised its stake in shares of UL Solutions Inc. (NYSE:ULS) by 91.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,174 shares of the company’s stock after acquiring an additional 32,012 shares during the quarter. Quantbot Technologies LP’s holdings in UL Solutions were worth $3,351,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in ULS. Victory Capital Management Inc. boosted its stake in UL Solutions by 377.1% during the 3rd quarter. Victory Capital Management Inc. now owns 23,540 shares of the company’s stock valued at $1,161,000 after acquiring an additional 18,606 shares during the last quarter. Swiss National Bank bought a new position in shares of UL Solutions in the 3rd quarter worth about $5,576,000. Charles Schwab Investment Management Inc. lifted its position in shares of UL Solutions by 52.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 342,707 shares of the company’s stock worth $16,895,000 after buying an additional 117,794 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of UL Solutions in the 3rd quarter worth about $278,000. Finally, FMR LLC lifted its position in shares of UL Solutions by 6.9% in the 3rd quarter. FMR LLC now owns 3,565,238 shares of the company’s stock worth $175,766,000 after buying an additional 230,886 shares during the last quarter.

Insider Buying and Selling at UL Solutions

In other news, EVP Alberto Uggetti sold 1,938 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $53.00, for a total transaction of $102,714.00. Following the completion of the transaction, the executive vice president now owns 9,285 shares in the company, valued at approximately $492,105. This trade represents a 17.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

UL Solutions Stock Down 0.6 %

ULS stock opened at $53.42 on Friday. The stock has a market cap of $10.69 billion and a PE ratio of 32.97. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. The firm’s 50-day simple moving average is $53.32 and its 200 day simple moving average is $51.89. UL Solutions Inc. has a fifty-two week low of $33.15 and a fifty-two week high of $59.23.

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

UL Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 28th were paid a dividend of $0.13 per share. This is a boost from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 0.97%. UL Solutions’s dividend payout ratio (DPR) is presently 32.10%.

Wall Street Analyst Weigh In

ULS has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised their price target on shares of UL Solutions from $55.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. The Goldman Sachs Group raised their price target on shares of UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Finally, Citigroup raised their price target on shares of UL Solutions from $60.00 to $60.50 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, UL Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $51.45.

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.