UL Solutions Inc. (NYSE:ULS) Shares Sold by Capital Research Global Investors

Capital Research Global Investors lessened its holdings in UL Solutions Inc. (NYSE:ULS - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,890,769 shares of the company's stock after selling 9,231 shares during the period. Capital Research Global Investors owned about 0.94% of UL Solutions worth $94,312,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity

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 value of $102,714.00. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

ULS has been the topic of a number of analyst reports. The Goldman Sachs Group increased 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. increased their price objective on shares of UL Solutions from $55.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Finally, Citigroup lifted their price objective 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. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $51.45.

UL Solutions Trading Down 0.6 %

Shares of ULS stock traded down $0.35 during mid-day trading on Friday, reaching $57.53. The company's stock had a trading volume of 807,209 shares, compared to its average volume of 735,936. The company's 50 day simple moving average is $54.23 and its 200-day simple moving average is $52.96. 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 Inc. has a 12-month low of $33.50 and a 12-month high of $59.23. The firm has a market capitalization of $11.52 billion and a PE ratio of 35.51.

UL Solutions (NYSE:ULS - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping 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%. On average, research analysts predict 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. Stockholders of record on Friday, February 28th were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.90%. This is a positive change from UL Solutions's previous quarterly dividend of $0.13. UL Solutions's dividend payout ratio (DPR) is currently 32.10%.

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.