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

Legato Capital Management LLC grew its stake in UL Solutions Inc. (NYSE:ULS) by 40.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 13,695 shares of the company’s stock after acquiring an additional 3,910 shares during the period. Legato Capital Management LLC’s holdings in UL Solutions were worth $683,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Entropy Technologies LP bought a new stake in shares of UL Solutions in the 4th quarter valued at about $1,202,000. Renaissance Capital LLC increased its stake in UL Solutions by 108.5% during the 4th quarter. Renaissance Capital LLC now owns 87,609 shares of the company’s stock worth $4,370,000 after purchasing an additional 45,595 shares in the last quarter. KBC Group NV bought a new stake in UL Solutions during the 4th quarter worth approximately $163,000. AEGON ASSET MANAGEMENT UK Plc increased its stake in UL Solutions by 20.7% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 235,501 shares of the company’s stock worth $11,726,000 after purchasing an additional 40,396 shares in the last quarter. Finally, Hall Laurie J Trustee increased its stake in UL Solutions by 10.3% during the 4th quarter. Hall Laurie J Trustee now owns 54,050 shares of the company’s stock worth $2,696,000 after purchasing an additional 5,040 shares in the last quarter.

Analyst Upgrades and Downgrades

ULS has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on UL Solutions from $45.00 to $51.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. UBS Group increased their target price on UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Wells Fargo & Company increased their target price on UL Solutions from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Robert W. Baird increased their target price on UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Four 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 a consensus target price of $49.00.

UL Solutions Stock Up 3.0 %

Shares of ULS opened at $57.46 on Friday. UL Solutions Inc. has a twelve month low of $33.15 and a twelve month high of $59.23. The company has a 50 day moving average of $51.89 and a 200-day moving average of $51.62. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Friday, February 28th will be issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.90%. 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.

Insider Activity

In other news, insider Gitte Schjotz sold 5,941 shares of the stock in a transaction that occurred 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 sale, the insider now owns 69,191 shares of the company’s stock, valued at approximately $3,638,062.78. This represents a 7.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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.