Freemont Management S.A. Makes New Investment in UL Solutions Inc. $ULS

Freemont Management S.A. purchased a new stake in shares of UL Solutions Inc. (NYSE:ULS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 7,300 shares of the company’s stock, valued at approximately $517,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC grew its stake in UL Solutions by 4.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,541 shares of the company’s stock valued at $251,000 after buying an additional 145 shares during the last quarter. Cresset Asset Management LLC boosted its holdings in UL Solutions by 4.0% during the second quarter. Cresset Asset Management LLC now owns 4,174 shares of the company’s stock valued at $304,000 after acquiring an additional 159 shares during the period. PNC Financial Services Group Inc. grew 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 purchasing an additional 161 shares during the last quarter. Sheets Smith Wealth Management increased its stake in shares of UL Solutions by 3.6% in the third quarter. Sheets Smith Wealth Management now owns 4,674 shares of the company’s stock worth $331,000 after purchasing an additional 164 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in shares of UL Solutions by 48.4% during the 2nd 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 last quarter.

UL Solutions Price Performance

Shares of ULS stock opened at $68.95 on Friday. The firm’s 50 day moving average price is $76.46 and its two-hundred day moving average price is $74.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.33 and a current ratio of 1.33. UL Solutions Inc. has a 52-week low of $49.34 and a 52-week high of $91.95. The stock has a market cap of $13.85 billion, a PE ratio of 41.28 and a beta of 1.11.

Analysts Set New Price Targets

Several brokerages have commented on ULS. Robert W. Baird set a $97.00 price target on UL Solutions and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $84.00 price target (up previously from $70.00) on shares of UL Solutions in a research report on Wednesday, November 5th. UBS Group cut their price objective on UL Solutions from $96.00 to $85.00 and set a “neutral” rating for the company in a report on Tuesday, January 20th. The Goldman Sachs Group lifted their target price on shares of UL Solutions from $69.00 to $79.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of UL Solutions in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.57.

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.