UL Solutions Inc. (NYSE:ULS) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in UL Solutions Inc. (NYSE:ULS - Free Report) by 6.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 365,324 shares of the company's stock after buying an additional 22,617 shares during the period. Charles Schwab Investment Management Inc. owned 0.18% of UL Solutions worth $18,222,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Stone House Investment Management LLC bought a new stake in shares of UL Solutions in the 3rd quarter valued at about $25,000. Northwest & Ethical Investments L.P. acquired a new stake in UL Solutions in the 3rd quarter worth approximately $84,000. KBC Group NV acquired a new stake in UL Solutions in the 4th quarter worth approximately $163,000. Sanctuary Advisors LLC acquired a new stake in UL Solutions in the 4th quarter worth approximately $221,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in UL Solutions in the 3rd quarter worth approximately $278,000.

UL Solutions Price Performance

ULS traded down $0.31 on Friday, hitting $53.42. 1,463,209 shares of the company's stock were exchanged, compared to its average volume of 722,234. UL Solutions Inc. has a fifty-two week low of $33.15 and a fifty-two week high of $59.23. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. The firm has a 50-day moving average price of $53.32 and a 200-day moving average price of $51.89. The stock has a market cap of $10.69 billion and a price-to-earnings ratio of 32.97.

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

UL Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 28th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from UL Solutions's previous quarterly dividend of $0.13. UL Solutions's payout ratio is 32.10%.

Wall Street Analyst Weigh In

A number of analysts recently commented on ULS shares. Citigroup lifted their target price on shares of UL Solutions from $60.00 to $60.50 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price objective on shares of UL Solutions from $55.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, The Goldman Sachs Group lifted their price objective on shares of UL Solutions from $51.00 to $57.00 and gave the company a "neutral" rating in a research note on Friday, February 21st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $51.45.

Insider Activity

In other news, EVP Alberto Uggetti sold 1,938 shares of the business's stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $53.00, for a total transaction of $102,714.00. Following the transaction, the executive vice president now owns 9,285 shares of the company's stock, valued at approximately $492,105. The trade was a 17.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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.