Northern Trust Corp Has $9.16 Million Stock Position in UL Solutions Inc. (NYSE:ULS)

Northern Trust Corp grew its stake in UL Solutions Inc. (NYSE:ULS) by 34.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 183,724 shares of the company’s stock after purchasing an additional 46,736 shares during the period. Northern Trust Corp’s holdings in UL Solutions were worth $9,164,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. The Manufacturers Life Insurance Company grew its position in UL Solutions by 56.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 8,827 shares of the company’s stock valued at $440,000 after acquiring an additional 3,185 shares during the period. Tudor Investment Corp ET AL acquired a new stake in shares of UL Solutions in the 4th quarter valued at $1,141,000. Quarry LP bought a new position in UL Solutions during the 4th quarter valued at about $32,000. Nebula Research & Development LLC boosted its position in UL Solutions by 273.9% in the fourth quarter. Nebula Research & Development LLC now owns 29,155 shares of the company’s stock valued at $1,454,000 after buying an additional 21,358 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its stake in UL Solutions by 88.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,224,709 shares of the company’s stock worth $210,729,000 after buying an additional 1,987,295 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ULS shares. UBS Group raised their price objective on shares of UL Solutions from $58.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. The Goldman Sachs Group lifted their price objective on UL Solutions from $57.00 to $63.00 and gave the company a “neutral” rating in a research report on Wednesday, May 7th. Wells Fargo & Company raised their target price on UL Solutions from $65.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. Raymond James upped their price target on shares of UL Solutions from $60.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. raised their price objective on shares of UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $69.43.

UL Solutions Trading Up 2.3%

Shares of ULS opened at $72.67 on Friday. The stock’s fifty day simple moving average is $58.04 and its 200-day simple moving average is $54.31. The firm has a market capitalization of $14.55 billion and a PE ratio of 44.86. UL Solutions Inc. has a 12-month low of $36.87 and a 12-month high of $72.76. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. The firm had revenue of $705.00 million during the quarter, compared to analysts’ expectations of $704.19 million. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. UL Solutions’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, research analysts predict that UL Solutions Inc. will post 1.69 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Gitte Schjotz sold 7,000 shares of UL Solutions stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $67.44, for a total transaction of $472,080.00. Following the completion of the sale, the insider now directly owns 46,889 shares of the company’s stock, valued at $3,162,194.16. The trade was a 12.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Alberto Uggetti sold 1,961 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $70.00, for a total value of $137,270.00. Following the completion of the sale, the executive vice president now owns 9,285 shares of the company’s stock, valued at $649,950. This represents a 17.44% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,899 shares of company stock valued at $712,064 over the last ninety days. Insiders own 1.20% of the company’s stock.

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.