California State Teachers Retirement System Raises Stock Holdings in UL Solutions Inc. $ULS

California State Teachers Retirement System grew its holdings in shares of UL Solutions Inc. (NYSE:ULS) by 26.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 84,332 shares of the company’s stock after acquiring an additional 17,687 shares during the period. California State Teachers Retirement System’s holdings in UL Solutions were worth $7,228,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. lifted its stake in UL Solutions by 543.1% during the fourth quarter. Jefferies Financial Group Inc. now owns 192,915 shares of the company’s stock worth $15,213,000 after purchasing an additional 162,915 shares during the last quarter. Legal & General Group Plc grew its holdings in UL Solutions by 78.6% in the 4th quarter. Legal & General Group Plc now owns 103,331 shares of the company’s stock worth $8,149,000 after buying an additional 45,467 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of UL Solutions by 21.9% during the fourth quarter. Geode Capital Management LLC now owns 1,282,676 shares of the company’s stock valued at $101,174,000 after purchasing an additional 230,660 shares during the period. Yousif Capital Management LLC acquired a new stake in shares of UL Solutions in the 4th quarter worth approximately $1,646,000. Finally, Thrivent Financial for Lutherans increased its stake in shares of UL Solutions by 9,024.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 337,881 shares of the company’s stock valued at $26,645,000 after acquiring an additional 334,178 shares during the period.

Insider Buying and Selling

In other news, CEO Jennifer F. Scanlon sold 12,500 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $99.22, for a total transaction of $1,240,250.00. Following the completion of the sale, the chief executive officer owned 164,224 shares in the company, valued at approximately $16,294,305.28. This represents a 7.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Gitte Schjotz sold 9,865 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $96.98, for a total value of $956,707.70. Following the sale, the insider directly owned 59,341 shares of the company’s stock, valued at $5,754,890.18. The trade was a 14.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 53,205 shares of company stock valued at $5,315,675. 1.20% of the stock is owned by corporate insiders.

UL Solutions Trading Down 12.8%

Shares of NYSE ULS opened at $79.36 on Wednesday. The business has a 50 day simple moving average of $92.95 and a 200 day simple moving average of $87.34. UL Solutions Inc. has a 52 week low of $61.64 and a 52 week high of $107.54. The stock has a market cap of $16.00 billion, a price-to-earnings ratio of 46.41, a PEG ratio of 3.50 and a beta of 0.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.16.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.03. The firm had revenue of $816.00 million for the quarter, compared to analyst estimates of $813.62 million. UL Solutions had a net margin of 11.24% and a return on equity of 30.99%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. On average, research analysts predict that UL Solutions Inc. will post 2.13 earnings per share for the current fiscal year.

UL Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 29th were paid a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, May 29th. UL Solutions’s payout ratio is presently 33.92%.

Wall Street Analyst Weigh In

ULS has been the subject of a number of research reports. Telsey Advisory Group set a $100.00 price target on UL Solutions in a research note on Wednesday, May 6th. Raymond James Financial restated an “outperform” rating and issued a $115.00 price objective on shares of UL Solutions in a report on Wednesday, May 6th. Wall Street Zen lowered UL Solutions from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. BNP Paribas Exane assumed coverage on UL Solutions in a research report on Monday, April 20th. They set a “neutral” rating and a $95.00 price objective for the company. Finally, Weiss Ratings raised shares of UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.54.

UL Solutions Company 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.