Capital International Ltd. CA Has $5.11 Million Stock Position in UL Solutions Inc. (NYSE:ULS)

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

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

Insider Transactions at UL Solutions

In other UL Solutions news, EVP Alberto Uggetti sold 1,938 shares of the firm’s 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 transaction, the executive vice president now directly owns 9,285 shares of the company’s stock, valued at approximately $492,105. This trade represents a 17.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

UL Solutions Trading Up 0.8 %

ULS opened at $55.64 on Friday. UL Solutions Inc. has a 1-year low of $33.50 and a 1-year high of $59.23. The firm has a 50-day moving average price of $54.29 and a two-hundred day moving average price of $52.75. The stock has a market capitalization of $11.14 billion and a PE ratio of 34.34. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85.

UL Solutions (NYSE:ULS) last posted its quarterly earnings data 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. 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%. As a group, equities analysts anticipate that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 28th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s dividend payout ratio (DPR) is 32.10%.

Wall Street Analysts Forecast Growth

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