UL Solutions Inc. (NYSE:ULS) Shares Purchased by Capital International Investors

Capital International Investors grew its holdings in UL Solutions Inc. (NYSE:ULS - Free Report) by 7.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,691,957 shares of the company's stock after purchasing an additional 809,779 shares during the period. Capital International Investors owned about 5.84% of UL Solutions worth $583,324,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. PNC Financial Services Group Inc. lifted its holdings in UL Solutions by 653.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock valued at $33,000 after buying an additional 582 shares in the last quarter. Northwest & Ethical Investments L.P. raised its position in UL Solutions by 23.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock valued at $105,000 after purchasing an additional 400 shares in the last quarter. KBC Group NV purchased a new stake in shares of UL Solutions in the 4th quarter worth $163,000. Signature Estate & Investment Advisors LLC bought a new position in shares of UL Solutions during the 4th quarter worth $201,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of UL Solutions in the fourth quarter valued at about $221,000.

UL Solutions Stock Performance

Shares of UL Solutions stock traded up $1.63 during midday trading on Thursday, hitting $58.15. The company had a trading volume of 498,866 shares, compared to its average volume of 706,083. The company has a fifty day simple moving average of $54.21 and a 200 day simple moving average of $52.90. The stock has a market cap of $11.64 billion and a price-to-earnings ratio of 35.90. UL Solutions Inc. has a 12-month low of $33.50 and a 12-month high of $59.23. 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 - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.38 by $0.11. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The firm had revenue of $739.00 million during the quarter, compared to the consensus estimate of $726.54 million. As a group, analysts predict that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 28th were paid a $0.13 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.89%. This is a positive change from UL Solutions's previous quarterly dividend of $0.13. UL Solutions's dividend payout ratio is presently 32.10%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ULS. 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. JPMorgan Chase & Co. boosted their price target on UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a research report on Friday, February 21st. Finally, The Goldman Sachs Group raised their price objective on UL Solutions from $51.00 to $57.00 and gave the company a "neutral" rating in a research report on Friday, February 21st. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, UL Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $51.45.

Insider Buying and Selling

In other UL Solutions news, EVP Alberto Uggetti sold 1,938 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $53.00, for a total transaction of $102,714.00. Following the sale, the executive vice president now directly owns 9,285 shares of the company's stock, valued at approximately $492,105. This trade represents a 17.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by corporate insiders.

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.