Hall Laurie J Trustee Acquires Shares of 48,970 UL Solutions Inc. (NYSE:ULS)

Hall Laurie J Trustee acquired a new stake in shares of UL Solutions Inc. (NYSE:ULS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 48,970 shares of the company’s stock, valued at approximately $2,066,000.

Separately, Raymond James & Associates bought a new position in shares of UL Solutions during the second quarter valued at approximately $9,089,000.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ULS shares. Baird R W lowered UL Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, July 12th. William Blair started coverage on UL Solutions in a report on Tuesday, May 7th. They set an “outperform” rating for the company. Wells Fargo & Company upped their target price on UL Solutions from $43.00 to $56.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. Jefferies Financial Group started coverage on UL Solutions in a report on Tuesday, May 7th. They set a “buy” rating and a $42.00 target price for the company. Finally, Citigroup assumed coverage on UL Solutions in a report on Tuesday, May 7th. They set a “buy” rating and a $41.00 target price for the company. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, UL Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $43.90.

UL Solutions Stock Performance

NYSE ULS traded down $0.60 on Tuesday, reaching $52.95. 149,531 shares of the stock traded hands, compared to its average volume of 641,624. The stock’s fifty day moving average price is $45.11. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.29 and a current ratio of 1.29. UL Solutions Inc. has a 12 month low of $33.15 and a 12 month high of $53.78.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. The company had revenue of $730.00 million for the quarter, compared to analyst estimates of $718.73 million. The company’s revenue was up 6.0% on a year-over-year basis. Research analysts forecast that UL Solutions Inc. will post 1.49 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 9th. Investors of record on Friday, August 30th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, August 30th. This represents a $0.50 annualized dividend and a dividend yield of 0.94%.

About UL Solutions

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.