45,000 Shares in UL Solutions Inc. $ULS Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC purchased a new position in shares of UL Solutions Inc. (NYSE:ULS) during the 4th quarter, Holdings Channel.com reports. The firm purchased 45,000 shares of the company’s stock, valued at approximately $3,549,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ULS. Vanguard Group Inc. raised its stake in UL Solutions by 21.9% during the 4th quarter. Vanguard Group Inc. now owns 6,740,636 shares of the company’s stock worth $531,567,000 after acquiring an additional 1,213,188 shares in the last quarter. Capital International Investors raised its stake in UL Solutions by 10.8% during the 3rd quarter. Capital International Investors now owns 7,548,311 shares of the company’s stock worth $534,738,000 after acquiring an additional 738,720 shares in the last quarter. Capital Research Global Investors raised its stake in UL Solutions by 20.6% during the 3rd quarter. Capital Research Global Investors now owns 3,942,905 shares of the company’s stock worth $279,394,000 after acquiring an additional 674,088 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in UL Solutions by 405.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 593,484 shares of the company’s stock worth $42,054,000 after acquiring an additional 476,121 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in UL Solutions by 57.3% during the 3rd quarter. First Trust Advisors LP now owns 1,137,364 shares of the company’s stock worth $80,594,000 after acquiring an additional 414,363 shares in the last quarter.

UL Solutions Trading Down 1.8%

NYSE ULS opened at $89.93 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market cap of $18.08 billion, a PE ratio of 56.56, a P/E/G ratio of 3.70 and a beta of 0.59. UL Solutions Inc. has a one year low of $59.40 and a one year high of $94.04. The firm’s fifty day moving average is $85.22 and its two-hundred day moving average is $81.24.

UL Solutions (NYSE:ULS) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The company had revenue of $758.00 million for the quarter, compared to analyst estimates of $748.50 million. UL Solutions had a net margin of 10.61% and a return on equity of 31.62%. Analysts expect that UL Solutions Inc. will post 2.02 earnings per share for the current year.

UL Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were paid a $0.145 dividend. This is a boost from UL Solutions’s previous quarterly dividend of $0.13. This represents a $0.58 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Monday, March 2nd. UL Solutions’s dividend payout ratio (DPR) is presently 36.48%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Citigroup cut their price target on shares of UL Solutions from $88.10 to $87.80 and set a “neutral” rating on the stock in a research note on Tuesday, February 24th. Wells Fargo & Company lifted their price target on shares of UL Solutions from $97.00 to $102.00 and gave the stock an “overweight” rating in a research note on Friday, February 20th. Zacks Research upgraded shares of UL Solutions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. Robert W. Baird cut their price target on shares of UL Solutions from $97.00 to $96.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Finally, JPMorgan Chase & Co. lifted their price target on shares of UL Solutions from $84.00 to $88.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $88.42.

Insider Buying and Selling

In other UL Solutions news, CEO Jennifer F. Scanlon sold 12,500 shares of UL Solutions stock in a transaction on Friday, May 1st. The shares were sold at an average price of $91.57, for a total value of $1,144,625.00. Following the transaction, the chief executive officer directly owned 188,274 shares in the company, valued at approximately $17,240,250.18. The trade was a 6.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.20% of the company’s stock.

UL Solutions Profile

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.