Signature Estate & Investment Advisors LLC Buys New Position in UL Solutions Inc. (NYSE:ULS)

Signature Estate & Investment Advisors LLC purchased a new position in UL Solutions Inc. (NYSE:ULS) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 4,022 shares of the company’s stock, valued at approximately $201,000.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in shares of UL Solutions by 653.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock worth $33,000 after acquiring an additional 582 shares during the last quarter. Northwest & Ethical Investments L.P. bought a new stake in UL Solutions in the 3rd quarter valued at $84,000. KBC Group NV acquired a new stake in UL Solutions in the 4th quarter worth $163,000. Sanctuary Advisors LLC bought a new position in shares of UL Solutions during the 4th quarter worth about $221,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of UL Solutions during the 3rd quarter worth about $278,000.

UL Solutions Stock Performance

Shares of NYSE:ULS opened at $55.54 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. The business’s fifty day moving average price is $53.62 and its two-hundred day moving average price is $52.00. UL Solutions Inc. has a fifty-two week low of $33.15 and a fifty-two week high of $59.23. The stock has a market capitalization of $11.12 billion and a price-to-earnings ratio of 34.29.

UL Solutions (NYSE:ULS) last posted its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.11. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The business had revenue of $739.00 million for the quarter, compared to analyst estimates of $726.54 million. As a group, analysts predict that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 28th were issued a dividend of $0.13 per share. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.94%. UL Solutions’s dividend payout ratio (DPR) is presently 32.10%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ULS shares. The Goldman Sachs Group lifted their target price on UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Citigroup lifted their price objective on UL Solutions from $60.00 to $60.50 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. upped their target price on UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, UL Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $51.45.

Insider Activity

In related news, EVP Alberto Uggetti sold 1,938 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.00, for a total transaction of $102,714.00. Following the completion of the sale, the executive vice president now directly owns 9,285 shares of the company’s stock, valued at $492,105. This trade represents a 17.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

UL Solutions Profile

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.