7,562 Shares in UL Solutions Inc. $ULS Acquired by Impact Capital Partners LLC

Impact Capital Partners LLC purchased a new stake in shares of UL Solutions Inc. (NYSE:ULS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,562 shares of the company’s stock, valued at approximately $536,000.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in UL Solutions in the 3rd quarter worth about $97,803,000. Norges Bank acquired a new position in shares of UL Solutions during the 2nd quarter valued at about $89,174,000. DekaBank Deutsche Girozentrale bought a new position in shares of UL Solutions in the 2nd quarter valued at approximately $52,396,000. Electron Capital Partners LLC acquired a new stake in shares of UL Solutions in the second quarter worth $45,558,000. Finally, Bessemer Group Inc. boosted its holdings in shares of UL Solutions by 32.2% during the 2nd quarter. Bessemer Group Inc. now owns 1,889,787 shares of the company’s stock worth $137,689,000 after buying an additional 460,394 shares during the period.

UL Solutions Trading Down 4.9%

ULS opened at $77.04 on Thursday. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $15.48 billion, a PE ratio of 46.13 and a beta of 1.09. The firm has a 50-day moving average price of $82.51 and a two-hundred day moving average price of $74.80. UL Solutions Inc. has a 1-year low of $49.34 and a 1-year high of $91.95.

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

UL Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Friday, November 28th were given a $0.13 dividend. The ex-dividend date was Friday, November 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.7%. UL Solutions’s dividend payout ratio is currently 31.14%.

Wall Street Analyst Weigh In

ULS has been the topic of several recent analyst reports. Baird R W upgraded shares of UL Solutions from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 17th. Weiss Ratings restated a “buy (b)” rating on shares of UL Solutions in a research note on Monday, December 29th. Wells Fargo & Company boosted their target price on shares of UL Solutions from $77.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. UBS Group increased their target price on shares of UL Solutions from $75.00 to $96.00 and gave the company a “neutral” rating in a research note on Wednesday, November 5th. Finally, Robert W. Baird set a $97.00 price objective on UL Solutions and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, UL Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $85.14.

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.