AEGON ASSET MANAGEMENT UK Plc Has $11.73 Million Stock Position in UL Solutions Inc. (NYSE:ULS)

AEGON ASSET MANAGEMENT UK Plc raised its stake in UL Solutions Inc. (NYSE:ULS) by 20.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 235,501 shares of the company’s stock after buying an additional 40,396 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned 0.12% of UL Solutions worth $11,726,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Stifel Financial Corp raised its stake in shares of UL Solutions by 1.6% in the 3rd quarter. Stifel Financial Corp now owns 30,500 shares of the company’s stock valued at $1,504,000 after acquiring an additional 485 shares in the last quarter. Stone House Investment Management LLC acquired a new position in UL Solutions during the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC bought a new position in shares of UL Solutions in the second quarter valued at approximately $29,000. XTX Topco Ltd lifted its stake in shares of UL Solutions by 15.5% in the third quarter. XTX Topco Ltd now owns 7,733 shares of the company’s stock worth $381,000 after buying an additional 1,035 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. bought a new stake in shares of UL Solutions during the 3rd quarter worth $84,000.

UL Solutions Price Performance

NYSE:ULS opened at $53.39 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average of $51.63 and a 200-day moving average of $50.67. UL Solutions Inc. has a 52 week low of $33.15 and a 52 week high of $59.23.

UL Solutions (NYSE:ULS) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.10. The firm had revenue of $731.00 million during the quarter, compared to analyst estimates of $709.41 million. UL Solutions had a net margin of 10.76% and a return on equity of 40.88%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, research analysts forecast that UL Solutions Inc. will post 1.53 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 29th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.50 annualized dividend and a yield of 0.94%.

Analysts Set New Price Targets

Several research analysts recently commented on ULS shares. Wells Fargo & Company lifted their target price on shares of UL Solutions from $56.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Robert W. Baird boosted their price objective on UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Citigroup assumed coverage on UL Solutions in a research report on Monday, October 7th. They issued a “buy” rating and a $60.00 price objective for the company. UBS Group raised their price target on shares of UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group boosted their price objective on shares of UL Solutions from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, UL Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Insider Buying and Selling

In related news, insider Gitte Schjotz sold 5,941 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $52.58, for a total transaction of $312,377.78. Following the sale, the insider now directly owns 69,191 shares in the company, valued at $3,638,062.78. This represents a 7.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

UL Solutions Company 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.