UL Solutions Inc. $ULS Shares Bought by Capital International Ltd. CA

Capital International Ltd. CA grew its stake in UL Solutions Inc. (NYSE:ULS) by 11.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 101,460 shares of the company’s stock after purchasing an additional 10,255 shares during the quarter. Capital International Ltd. CA owned approximately 0.05% of UL Solutions worth $7,189,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Royal Bank of Canada raised its stake in UL Solutions by 119.5% during the first quarter. Royal Bank of Canada now owns 143,431 shares of the company’s stock valued at $8,090,000 after buying an additional 78,081 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of UL Solutions by 104.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 460,160 shares of the company’s stock valued at $25,953,000 after acquiring an additional 234,913 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of UL Solutions by 11.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,771 shares of the company’s stock valued at $6,981,000 after acquiring an additional 13,205 shares in the last quarter. Rhumbline Advisers bought a new position in UL Solutions during the first quarter worth $49,000. Finally, Bank of New York Mellon Corp boosted its holdings in UL Solutions by 21.5% in the second quarter. Bank of New York Mellon Corp now owns 178,428 shares of the company’s stock worth $13,000,000 after purchasing an additional 31,596 shares during the period.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ULS. Wells Fargo & Company raised their price target on shares of UL Solutions from $97.00 to $102.00 and gave the stock an “overweight” rating in a research report on Friday, February 20th. Weiss Ratings downgraded UL Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 20th. Citigroup cut their price objective on UL Solutions from $88.10 to $87.80 and set a “neutral” rating for the company in a report on Tuesday, February 24th. Zacks Research cut shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Finally, The Goldman Sachs Group restated a “neutral” rating on shares of UL Solutions in a research report on Friday, February 20th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $87.60.

UL Solutions Trading Up 1.6%

UL Solutions stock opened at $82.33 on Tuesday. The company has a 50 day moving average price of $76.82 and a 200 day moving average price of $76.33. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.32. UL Solutions Inc. has a 52 week low of $49.34 and a 52 week high of $91.95. The firm has a market capitalization of $16.55 billion, a price-to-earnings ratio of 51.78, a P/E/G ratio of 3.33 and a beta of 0.85.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.07. UL Solutions had a return on equity of 31.62% and a net margin of 10.61%.The firm had revenue of $789.00 million during the quarter, compared to the consensus estimate of $782.37 million. During the same period in the prior year, the business earned $0.49 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. Research analysts forecast that UL Solutions Inc. will post 1.69 EPS for the current year.

UL Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Monday, March 2nd will be given a dividend of $0.145 per share. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. This represents a $0.58 dividend on an annualized basis and a yield of 0.7%. UL Solutions’s payout ratio is 36.48%.

UL Solutions Company 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.