445,203 Shares in UL Solutions Inc. $ULS Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in UL Solutions Inc. (NYSE:ULS) during the 4th quarter, Holdings Channel reports. The institutional investor bought 445,203 shares of the company’s stock, valued at approximately $35,109,000.

Several other large investors have also recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its holdings in UL Solutions by 18.2% in the third quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock valued at $61,000 after buying an additional 133 shares during the last quarter. Advisor OS LLC increased its holdings in UL Solutions by 4.4% in the fourth quarter. Advisor OS LLC now owns 3,477 shares of the company’s stock valued at $274,000 after buying an additional 147 shares during the last quarter. Cresset Asset Management LLC increased its holdings in UL Solutions by 4.0% in the second quarter. Cresset Asset Management LLC now owns 4,174 shares of the company’s stock valued at $304,000 after buying an additional 159 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in UL Solutions by 1.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 15,155 shares of the company’s stock valued at $1,195,000 after buying an additional 194 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in UL Solutions by 6.0% in the fourth quarter. Deutsche Bank AG now owns 3,677 shares of the company’s stock valued at $290,000 after buying an additional 207 shares during the last quarter.

Insider Buying and Selling

In other news, CEO Jennifer F. Scanlon sold 12,500 shares of the firm’s 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 completion of the sale, the chief executive officer owned 188,274 shares in the company, valued at approximately $17,240,250.18. This trade represents a 6.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Alberto Uggetti sold 6,100 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $100.00, for a total transaction of $610,000.00. Following the completion of the sale, the executive vice president owned 10,307 shares of the company’s stock, valued at $1,030,700. This trade represents a 37.18% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 65,705 shares of company stock worth $6,288,800. 1.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ULS has been the topic of several recent analyst reports. Citigroup increased their target price on UL Solutions from $87.80 to $106.40 and gave the company a “neutral” rating in a report on Thursday, May 7th. UBS Group increased their target price on UL Solutions from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. JPMorgan Chase & Co. increased their target price on shares of UL Solutions from $88.00 to $108.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. BNP Paribas Exane initiated coverage on shares of UL Solutions in a research report on Monday, April 20th. They issued a “neutral” rating and a $95.00 target price on the stock. Finally, Robert W. Baird dropped their target price on shares of UL Solutions from $97.00 to $96.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $101.54.

UL Solutions Trading Up 0.1%

Shares of UL Solutions stock opened at $96.98 on Tuesday. UL Solutions Inc. has a 1 year low of $61.64 and a 1 year high of $107.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $19.55 billion, a P/E ratio of 56.71, a PEG ratio of 3.77 and a beta of 0.63. The company’s fifty day moving average is $95.03 and its two-hundred day moving average is $84.84.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 earnings per share (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 company had revenue of $758.00 million for the quarter, compared to the consensus estimate of $748.50 million. During the same period last year, the firm posted $0.37 EPS. UL Solutions’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts forecast that UL Solutions Inc. will post 2.1 earnings per share for the current year.

UL Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 29th were paid a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, May 29th. UL Solutions’s dividend payout ratio (DPR) is 33.92%.

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.