LVW Advisors LLC Acquires New Position in UL Solutions Inc. $ULS

LVW Advisors LLC bought a new position in shares of UL Solutions Inc. (NYSE:ULS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,155 shares of the company’s stock, valued at approximately $578,000.

Several other large investors have also added to or reduced their stakes in ULS. Parkside Financial Bank & Trust increased its stake in shares of UL Solutions by 48.4% in the second quarter. Parkside Financial Bank & Trust now owns 524 shares of the company’s stock worth $38,000 after purchasing an additional 171 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in UL Solutions by 3,070.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock worth $46,000 after buying an additional 614 shares during the period. Rhumbline Advisers purchased a new stake in UL Solutions in the 1st quarter worth $49,000. PNC Financial Services Group Inc. increased its stake in UL Solutions by 28.2% in the 2nd quarter. PNC Financial Services Group Inc. now owns 731 shares of the company’s stock worth $53,000 after buying an additional 161 shares in the last quarter. Finally, HM Payson & Co. bought a new stake in UL Solutions during the third quarter valued at about $70,000.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ULS. Wells Fargo & Company increased their target price on UL Solutions from $77.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Robert W. Baird set a $97.00 price target on UL Solutions and gave the stock an “outperform” rating in a research note on Wednesday, December 17th. Baird R W upgraded shares of UL Solutions from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 17th. UBS Group boosted their target price on shares of UL Solutions from $75.00 to $96.00 and gave the stock a “neutral” rating in a report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $84.00 target price (up from $70.00) on shares of UL Solutions in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $85.14.

UL Solutions Trading Down 0.7%

ULS stock opened at $80.32 on Wednesday. The firm has a fifty day moving average price of $82.28 and a 200 day moving average price of $74.03. UL Solutions Inc. has a fifty-two week low of $48.54 and a fifty-two week high of $91.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $16.13 billion, a PE ratio of 48.10 and a beta of 0.92.

UL Solutions (NYSE:ULS) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.09. UL Solutions had a net margin of 11.29% and a return on equity of 34.49%. The company had revenue of $783.00 million for the quarter, compared to the consensus estimate of $769.01 million. During the same quarter in the prior year, the firm earned $0.49 earnings per share. UL Solutions’s revenue was up 7.1% on a year-over-year basis. Sell-side analysts anticipate that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Friday, November 28th were issued a $0.13 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. UL Solutions’s dividend payout ratio (DPR) is presently 31.14%.

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.