Capital International Sarl Purchases 18,869 Shares of UL Solutions Inc. (NYSE:ULS)

Capital International Sarl lifted its position in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 145,303 shares of the company's stock after purchasing an additional 18,869 shares during the period. Capital International Sarl owned 0.07% of UL Solutions worth $7,248,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in 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 buying an additional 582 shares during the period. Northwest & Ethical Investments L.P. raised its position in UL Solutions by 23.5% during the fourth 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 bought a new stake in UL Solutions during the fourth quarter worth $163,000. Signature Estate & Investment Advisors LLC acquired a new stake in shares of UL Solutions in the 4th quarter valued at $201,000. Finally, Sanctuary Advisors LLC bought a new position in shares of UL Solutions in the 4th quarter valued at $221,000.

UL Solutions Stock Up 2.9 %

Shares of NYSE:ULS traded up $1.63 during midday trading on Thursday, hitting $58.15. 498,866 shares of the company's stock were exchanged, compared to its average volume of 726,315. The company has a market cap of $11.64 billion and a PE ratio of 35.90. 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 12 month low of $33.50 and a 12 month high of $59.23. The stock has a 50 day moving average price of $54.21 and a 200-day moving average price of $52.90.

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, topping analysts' consensus estimates of $0.38 by $0.11. The firm had revenue of $739.00 million for 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%. On average, sell-side analysts anticipate that UL Solutions Inc. will post 1.69 EPS 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 paid a $0.13 dividend. This is a boost from UL Solutions's previous quarterly dividend of $0.13. This represents a $0.52 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Friday, February 28th. UL Solutions's payout ratio is currently 32.10%.

Analysts Set New Price Targets

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

Insider Activity

In related news, EVP Alberto Uggetti sold 1,938 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.00, for a total value of $102,714.00. Following the sale, the executive vice president now owns 9,285 shares in the company, valued at approximately $492,105. This trade represents a 17.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.20% of the stock is owned by company 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.