Capital International Investors Increases Stock Holdings in UL Solutions Inc. $ULS

Capital International Investors boosted its position in UL Solutions Inc. (NYSE:ULS) by 6.6% during the 4th quarter, HoldingsChannel reports. The firm owned 8,043,735 shares of the company’s stock after purchasing an additional 495,424 shares during the period. Capital International Investors’ holdings in UL Solutions were worth $634,616,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. purchased a new position in UL Solutions in the third quarter worth about $40,000. Northwestern Mutual Wealth Management Co. boosted its position in UL Solutions by 3,070.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock worth $46,000 after purchasing an additional 614 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in UL Solutions by 18.2% in the third quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock worth $61,000 after purchasing an additional 133 shares during the last quarter. Rhumbline Advisers purchased a new position in UL Solutions in the first quarter worth about $49,000. Finally, US Bancorp DE boosted its position in UL Solutions by 253.9% in the third quarter. US Bancorp DE now owns 1,596 shares of the company’s stock worth $113,000 after purchasing an additional 1,145 shares during the last quarter.

UL Solutions Trading Down 0.0%

Shares of NYSE:ULS opened at $96.80 on Monday. The stock has a 50 day moving average of $93.40 and a 200 day moving average of $84.38. The company has a market cap of $19.51 billion, a PE ratio of 56.61, a price-to-earnings-growth ratio of 3.77 and a beta of 0.63. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. UL Solutions Inc. has a 12-month low of $61.64 and a 12-month high of $107.54.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The company had revenue of $758.00 million during the quarter, compared to the consensus estimate of $748.50 million. During the same period in the previous year, the company posted $0.37 EPS. The firm’s revenue was up 7.5% on a year-over-year basis. As a group, equities research analysts expect that UL Solutions Inc. will post 2.1 EPS for the current year.

UL Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Friday, May 29th will be issued a $0.145 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.58 dividend on an annualized basis and a yield of 0.6%. UL Solutions’s payout ratio is currently 33.92%.

Insiders Place Their Bets

In related news, insider Gitte Schjotz sold 12,015 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $99.71, for a total value of $1,198,015.65. Following the transaction, the insider directly owned 69,206 shares of the company’s stock, valued at approximately $6,900,530.26. The trade was a 14.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alberto Uggetti sold 6,100 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $100.00, for a total value of $610,000.00. Following the completion of the transaction, the executive vice president directly owned 10,307 shares in the company, valued at approximately $1,030,700. This represents a 37.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 64,980 shares of company stock valued at $6,217,938 in the last 90 days. 1.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ULS has been the topic of several research reports. UBS Group raised their target price on UL Solutions from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Wells Fargo & Company boosted their price objective on UL Solutions from $102.00 to $120.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Raymond James Financial reiterated an “outperform” rating and set a $115.00 price objective on shares of UL Solutions in a research note on Wednesday, May 6th. Bank of America boosted their price objective on UL Solutions to $86.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Finally, Wall Street Zen upgraded UL Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $101.54.

UL Solutions Profile

UL Solutions (NYSE: ULS) is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters’ Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.

The company’s core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.