UL Solutions Inc. (NYSE:ULS) Stake Lifted by Capital International Ltd. CA

Capital International Ltd. CA raised its position in UL Solutions Inc. (NYSE:ULS - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,505 shares of the company's stock after purchasing an additional 4,863 shares during the period. Capital International Ltd. CA owned 0.05% of UL Solutions worth $5,113,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its holdings in shares of UL Solutions by 653.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock valued at $33,000 after purchasing an additional 582 shares during the last quarter. Northwest & Ethical Investments L.P. boosted its holdings in shares of UL Solutions by 23.5% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock valued at $105,000 after acquiring an additional 400 shares during the period. KBC Group NV acquired a new stake in shares of UL Solutions in the fourth quarter valued at approximately $163,000. Signature Estate & Investment Advisors LLC purchased a new stake in UL Solutions in the 4th quarter valued at $201,000. Finally, Sanctuary Advisors LLC purchased a new position in UL Solutions during the 4th quarter worth $221,000.

UL Solutions Stock Up 1.6 %

ULS traded up $0.88 during trading hours on Wednesday, reaching $56.39. 335,359 shares of the stock traded hands, compared to its average volume of 702,936. 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 market cap of $11.29 billion and a price-to-earnings ratio of 34.81. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. The firm's fifty day simple moving average is $54.21 and its two-hundred day simple moving average is $52.88.

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

UL Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were issued a $0.13 dividend. This is a positive change from UL Solutions's previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a yield of 0.92%. The ex-dividend date was Friday, February 28th. UL Solutions's payout ratio is currently 32.10%.

Insider Buying and Selling at UL Solutions

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

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on UL Solutions from $55.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Citigroup lifted their price objective 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. Finally, The Goldman Sachs Group increased their price target 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. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, UL Solutions currently has an average rating of "Moderate Buy" and an average price target of $51.45.

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.