Capital International Inc. CA Boosts Holdings in UL Solutions Inc. (NYSE:ULS)

Capital International Inc. CA raised its position in UL Solutions Inc. (NYSE:ULS - Free Report) by 19.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,353 shares of the company's stock after buying an additional 26,723 shares during the quarter. Capital International Inc. CA owned 0.08% of UL Solutions worth $8,198,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank bought a new position in shares of UL Solutions in the 4th quarter valued at $173,869,000. JPMorgan Chase & Co. boosted its holdings in UL Solutions by 29.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company's stock worth $222,658,000 after acquiring an additional 1,022,851 shares during the last quarter. Capital International Investors boosted its position in UL Solutions by 7.4% in the fourth quarter. Capital International Investors now owns 11,691,957 shares of the company's stock worth $583,324,000 after purchasing an additional 809,779 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of UL Solutions in the 4th quarter worth approximately $32,091,000. Finally, FMR LLC lifted its position 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 buying an additional 612,834 shares during the last quarter.

Analyst Ratings Changes

ULS has been the topic of several analyst reports. The Goldman Sachs Group upped their price target on UL Solutions from $51.00 to $57.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. JPMorgan Chase & Co. raised their target price on shares of UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, Citigroup lifted their price target on shares of UL Solutions from $60.00 to $60.50 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $51.45.

UL Solutions Stock Performance

Shares of NYSE:ULS traded up $1.34 during mid-day trading on Thursday, reaching $57.86. 1,117,488 shares of the company traded hands, compared to its average volume of 708,467. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. UL Solutions Inc. has a 52 week low of $33.50 and a 52 week high of $59.23. The company's 50 day moving average price is $54.21 and its 200-day moving average price is $52.90. The firm has a market cap of $11.58 billion and a PE ratio of 35.72.

UL Solutions (NYSE:ULS - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.11. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The firm had revenue of $739.00 million during the quarter, compared to analyst estimates of $726.54 million. On average, equities analysts expect that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.90%. This is an increase from UL Solutions's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, February 28th. UL Solutions's dividend payout ratio is presently 32.10%.

Insider Buying and Selling

In related news, EVP Alberto Uggetti sold 1,938 shares of the company's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $53.00, for a total value of $102,714.00. Following the completion of the sale, the executive vice president now directly owns 9,285 shares of the company's stock, valued at $492,105. This represents a 17.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

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.