Oregon Public Employees Retirement Fund Buys New Position in UL Solutions Inc. $ULS

Oregon Public Employees Retirement Fund bought a new stake in shares of UL Solutions Inc. (NYSE:ULS) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 15,000 shares of the company’s stock, valued at approximately $1,183,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Assetmark Inc. bought a new stake in shares of UL Solutions during the 3rd quarter valued at $40,000. Northwestern Mutual Wealth Management Co. lifted its position in UL Solutions by 3,070.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock valued at $46,000 after purchasing an additional 614 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in UL Solutions by 18.2% during the third quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock valued at $61,000 after purchasing an additional 133 shares during the period. Rhumbline Advisers purchased a new stake in UL Solutions in the first quarter worth about $49,000. Finally, US Bancorp DE raised its stake in shares of UL Solutions by 253.9% in the third quarter. US Bancorp DE now owns 1,596 shares of the company’s stock worth $113,000 after buying an additional 1,145 shares during the period.

UL Solutions Trading Down 0.0%

Shares of ULS opened at $98.95 on Monday. The firm has a market cap of $19.94 billion, a P/E ratio of 57.87, a price-to-earnings-growth ratio of 3.85 and a beta of 0.59. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 1.16. UL Solutions Inc. has a 1 year low of $61.64 and a 1 year high of $107.54. The company has a 50 day simple moving average of $88.55 and a two-hundred day simple moving average of $82.68.

UL Solutions (NYSE:ULS) last released its earnings results on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.42 by $0.08. UL Solutions had a net margin of 11.24% and a return on equity of 30.99%. The firm had revenue of $758.00 million for the quarter, compared to the consensus estimate of $748.50 million. During the same quarter in the previous year, the firm earned $0.37 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities analysts expect that UL Solutions Inc. will post 2.1 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were paid a $0.145 dividend. This represents a $0.58 annualized dividend and a yield of 0.6%. The ex-dividend date was Monday, March 2nd. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s dividend payout ratio is presently 33.92%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Robert W. Baird cut their price objective on UL Solutions from $97.00 to $96.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. UBS Group upped their price target on shares of UL Solutions from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Weiss Ratings raised shares of UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 8th. Telsey Advisory Group set a $100.00 price objective on shares of UL Solutions in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company upped their target price on shares of UL Solutions from $102.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, UL Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $101.54.

Insider Buying and Selling at UL Solutions

In related news, CEO Jennifer F. Scanlon sold 12,500 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $91.57, for a total value of $1,144,625.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alberto Uggetti sold 6,100 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $100.00, for a total value of $610,000.00. Following the transaction, the executive vice president directly owned 10,307 shares of the company’s stock, valued at approximately $1,030,700. The trade was a 37.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 39,100 shares of company stock valued at $3,655,055 in the last 90 days. Insiders own 1.20% of the company’s stock.

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.