Lisanti Capital Growth LLC Has $4.67 Million Stock Position in UL Solutions Inc. (NYSE:ULS)

Lisanti Capital Growth LLC grew its position in UL Solutions Inc. (NYSE:ULS) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 93,620 shares of the company’s stock after purchasing an additional 690 shares during the quarter. Lisanti Capital Growth LLC’s holdings in UL Solutions were worth $4,670,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Stone House Investment Management LLC acquired a new stake in UL Solutions during the 3rd quarter worth about $25,000. Northwest & Ethical Investments L.P. acquired a new position in UL Solutions during the 3rd quarter worth approximately $84,000. KBC Group NV acquired a new stake in shares of UL Solutions in the 4th quarter worth about $163,000. Sanctuary Advisors LLC bought a new position in UL Solutions in the 4th quarter valued at about $221,000. Finally, WoodTrust Financial Corp bought a new stake in UL Solutions during the 3rd quarter worth approximately $228,000.

Insider Buying and Selling at UL Solutions

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

UL Solutions Stock Performance

Shares of ULS opened at $51.30 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 firm has a market cap of $10.27 billion and a PE ratio of 31.67. UL Solutions Inc. has a 1 year low of $33.15 and a 1 year high of $59.23. The stock’s fifty day moving average price is $52.77 and its two-hundred day moving average price is $52.06.

UL Solutions (NYSE:ULS) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.38 by $0.11. The business had revenue of $739.00 million for the quarter, compared to the consensus estimate of $726.54 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. On average, equities research analysts forecast that UL Solutions Inc. will post 1.69 EPS for the current year.

UL Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 28th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 1.01%. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, February 28th. UL Solutions’s payout ratio is currently 32.10%.

Analyst Ratings Changes

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

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.