105,000 Shares in UL Solutions Inc. (NYSE:ULS) Bought by Tribune Investment Group LP

Tribune Investment Group LP bought a new stake in shares of UL Solutions Inc. (NYSE:ULS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 105,000 shares of the company’s stock, valued at approximately $5,237,000. UL Solutions accounts for 2.9% of Tribune Investment Group LP’s holdings, making the stock its 17th biggest holding. Tribune Investment Group LP owned approximately 0.05% of UL Solutions at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in UL Solutions in the 4th quarter worth $173,869,000. JPMorgan Chase & Co. increased its position in UL Solutions by 29.3% in the third quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock worth $222,658,000 after buying an additional 1,022,851 shares in the last quarter. Wellington Management Group LLP bought a new position in shares of UL Solutions in the fourth quarter worth about $32,091,000. FMR LLC grew its stake in shares of UL Solutions by 17.2% during the 4th quarter. FMR LLC now owns 4,178,072 shares of the company’s stock valued at $208,402,000 after acquiring an additional 612,834 shares during the period. Finally, Burkehill Global Management LP bought a new stake in UL Solutions during the 4th quarter worth approximately $24,940,000.

Insider Activity at UL Solutions

In other news, EVP Alberto Uggetti sold 1,938 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.00, for a total transaction of $102,714.00. Following the transaction, the executive vice president now owns 9,285 shares of the company’s stock, valued at approximately $492,105. This represents a 17.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Wall Street Analysts Forecast Growth

ULS has been the subject of a number of recent analyst reports. Citigroup upped their price target on shares of UL Solutions from $60.00 to $60.50 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. The Goldman Sachs Group upped their target price on shares of UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. raised their price target on UL Solutions from $55.00 to $58.00 and gave the company 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. According to MarketBeat.com, UL Solutions has an average rating of “Moderate Buy” and an average price target of $51.45.

UL Solutions Stock Performance

NYSE ULS opened at $56.31 on Monday. The company has a market cap of $11.27 billion and a P/E ratio of 34.76. The business’s 50 day moving average price is $54.14 and its 200-day moving average price is $52.60. UL Solutions Inc. has a fifty-two week low of $33.50 and a fifty-two week high of $59.23. 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 (NYSE:ULS) last released its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.11. The firm had revenue of $739.00 million during the quarter, compared to analyst estimates of $726.54 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. Sell-side analysts predict that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s dividend payout ratio (DPR) is currently 32.10%.

UL Solutions 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.