Pacer Advisors Inc. Buys New Holdings in UL Solutions Inc. $ULS

Pacer Advisors Inc. bought a new stake in UL Solutions Inc. (NYSE:ULS) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 9,066 shares of the company’s stock, valued at approximately $715,000.

A number of other large investors have also recently bought and sold shares of ULS. Assetmark Inc. purchased a new stake in UL Solutions in the third quarter valued at approximately $40,000. Northwestern Mutual Wealth Management Co. boosted its position 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 purchasing an additional 614 shares in the last quarter. Rhumbline Advisers purchased a new stake in UL Solutions in the 1st quarter worth approximately $49,000. PNC Financial Services Group Inc. boosted its position in UL Solutions by 18.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock worth $61,000 after purchasing an additional 133 shares in the last quarter. Finally, US Bancorp DE boosted its position in UL Solutions by 253.9% in the 3rd quarter. US Bancorp DE now owns 1,596 shares of the company’s stock worth $113,000 after purchasing an additional 1,145 shares in the last quarter.

Insider Activity

In other news, CEO Jennifer F. Scanlon sold 12,500 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $91.57, for a total transaction of $1,144,625.00. Following the transaction, the chief executive officer owned 188,274 shares in the company, valued at $17,240,250.18. This trade represents a 6.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gitte Schjotz sold 8,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $103.96, for a total value of $831,680.00. Following the transaction, the insider owned 81,221 shares in the company, valued at $8,443,735.16. This trade represents a 8.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 39,100 shares of company stock worth $3,655,055 in the last quarter. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on ULS. Wells Fargo & Company upped their price objective on UL Solutions from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. JPMorgan Chase & Co. upped their price objective on UL Solutions from $88.00 to $108.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Robert W. Baird lowered their price objective on UL Solutions from $97.00 to $96.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. The Goldman Sachs Group restated a “neutral” rating on shares of UL Solutions in a research report on Wednesday, May 6th. Finally, Raymond James Financial restated an “outperform” rating and issued a $115.00 price objective on shares of UL Solutions in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $101.54.

UL Solutions Trading Up 1.6%

Shares of NYSE:ULS opened at $100.37 on Friday. UL Solutions Inc. has a 1 year low of $61.64 and a 1 year high of $107.54. The firm has a market capitalization of $20.23 billion, a price-to-earnings ratio of 58.70, a price-to-earnings-growth ratio of 3.84 and a beta of 0.59. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 1.16. The business’s 50 day moving average price is $88.20 and its 200-day moving average price is $82.55.

UL Solutions (NYSE:ULS) last announced its earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The firm had revenue of $758.00 million for the quarter, compared to analyst estimates of $748.50 million. During the same quarter last year, the firm posted $0.37 EPS. The business’s revenue was up 7.5% on a year-over-year basis. On average, equities research analysts forecast that UL Solutions Inc. will post 2.1 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were given a dividend of $0.145 per share. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date was Monday, March 2nd. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.6%. UL Solutions’s payout ratio is 33.92%.

UL Solutions Company Profile

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.