Legato Capital Management LLC Buys 3,910 Shares of UL Solutions Inc. (NYSE:ULS)

Legato Capital Management LLC raised its stake in shares of UL Solutions Inc. (NYSE:ULS) by 40.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,695 shares of the company’s stock after acquiring an additional 3,910 shares during the quarter. Legato Capital Management LLC’s holdings in UL Solutions were worth $683,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ULS. Stone House Investment Management LLC bought a new position in shares of UL Solutions during the third quarter valued at $25,000. Northwest & Ethical Investments L.P. bought a new position in shares of UL Solutions during the third quarter valued at $84,000. KBC Group NV bought a new position in shares of UL Solutions during the fourth quarter valued at $163,000. Phillips Wealth Planners LLC bought a new position in shares of UL Solutions during the third quarter valued at $218,000. Finally, WoodTrust Financial Corp bought a new position in shares of UL Solutions during the third quarter valued at $228,000.

UL Solutions Price Performance

UL Solutions stock opened at $57.46 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. UL Solutions Inc. has a 1 year low of $33.15 and a 1 year high of $59.23. The company’s 50-day moving average is $51.89 and its two-hundred day moving average is $51.62.

UL Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 28th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. This represents a $0.52 dividend on an annualized basis and a yield of 0.90%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. The Goldman Sachs Group lifted their price target on UL Solutions from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Robert W. Baird upped their price target on shares of UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. UBS Group upped 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, Wells Fargo & Company upped their price target on shares of UL Solutions from $56.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Insider Buying and Selling at UL Solutions

In other UL Solutions news, insider Gitte Schjotz sold 5,941 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $52.58, for a total transaction of $312,377.78. Following the transaction, the insider now directly owns 69,191 shares in the company, valued at approximately $3,638,062.78. This represents a 7.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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.