Capital International Investors Purchases 809,779 Shares of UL Solutions Inc. (NYSE:ULS)

Capital International Investors raised its position in UL Solutions Inc. (NYSE:ULS) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,691,957 shares of the company’s stock after purchasing an additional 809,779 shares during the quarter. Capital International Investors owned 5.84% of UL Solutions worth $583,324,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Stifel Financial Corp lifted its stake in shares of UL Solutions by 1.6% during the 3rd quarter. Stifel Financial Corp now owns 30,500 shares of the company’s stock worth $1,504,000 after acquiring an additional 485 shares during the last quarter. State Street Corp boosted its stake in shares of UL Solutions by 85.3% during the third quarter. State Street Corp now owns 269,616 shares of the company’s stock valued at $13,292,000 after purchasing an additional 124,116 shares during the period. Geode Capital Management LLC increased its stake in UL Solutions by 55.2% in the 3rd quarter. Geode Capital Management LLC now owns 600,936 shares of the company’s stock worth $29,639,000 after buying an additional 213,635 shares during the period. JPMorgan Chase & Co. lifted its holdings in UL Solutions by 29.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock valued at $222,658,000 after buying an additional 1,022,851 shares in the last quarter. Finally, Baker Chad R grew its stake in UL Solutions by 91.0% in the 4th quarter. Baker Chad R now owns 112,300 shares of the company’s stock worth $5,602,000 after acquiring an additional 53,500 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ULS shares. JPMorgan Chase & Co. boosted their price target on UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, February 21st. The Goldman Sachs Group lifted their price objective on UL Solutions from $51.00 to $57.00 and gave the company a “neutral” rating in a report on Friday, February 21st. Finally, Citigroup raised their target price 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 investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, UL Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $51.45.

Insider Transactions at UL Solutions

In related news, EVP Alberto Uggetti sold 1,938 shares of UL Solutions stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 9,285 shares in the company, valued at $492,105. This trade represents a 17.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

UL Solutions Price Performance

Shares of ULS opened at $55.64 on Friday. The company has a 50 day moving average of $54.30 and a two-hundred day moving average of $52.80. 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 twelve month low of $33.50 and a twelve month high of $59.23. The company has a market cap of $11.14 billion and a price-to-earnings ratio of 34.34.

UL Solutions (NYSE:ULS) last posted its quarterly earnings data 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. 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 analysts’ expectations 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 declared 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. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.93%. UL Solutions’s payout ratio is presently 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.