UL Solutions Inc. $ULS Position Lifted by Capital International Inc. CA

Capital International Inc. CA grew its stake in shares of UL Solutions Inc. (NYSE:ULS) by 28.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 119,856 shares of the company’s stock after purchasing an additional 26,504 shares during the quarter. Capital International Inc. CA’s holdings in UL Solutions were worth $8,493,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Capital International Investors lifted its position in shares of UL Solutions by 10.8% during the third quarter. Capital International Investors now owns 7,548,311 shares of the company’s stock worth $534,738,000 after purchasing an additional 738,720 shares during the last quarter. Capital Group Investment Management PTE. LTD. increased its holdings in UL Solutions by 15.6% in the third quarter. Capital Group Investment Management PTE. LTD. now owns 21,417 shares of the company’s stock valued at $1,518,000 after buying an additional 2,894 shares during the last quarter. Swiss National Bank increased its holdings in UL Solutions by 2.0% in the third quarter. Swiss National Bank now owns 120,900 shares of the company’s stock valued at $8,567,000 after buying an additional 2,400 shares during the last quarter. Russell Investments Group Ltd. raised its stake in UL Solutions by 0.6% during the third quarter. Russell Investments Group Ltd. now owns 73,999 shares of the company’s stock valued at $5,244,000 after buying an additional 442 shares in the last quarter. Finally, Jefferies Financial Group Inc. lifted its holdings in UL Solutions by 100.0% during the 3rd quarter. Jefferies Financial Group Inc. now owns 30,000 shares of the company’s stock worth $2,126,000 after buying an additional 15,000 shares during the last quarter.

UL Solutions Trading Down 1.0%

NYSE:ULS opened at $81.69 on Wednesday. The stock has a market cap of $16.42 billion, a price-to-earnings ratio of 51.38, a PEG ratio of 3.39 and a beta of 0.87. 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 1 year low of $49.34 and a 1 year high of $91.95. The business has a fifty day moving average of $76.84 and a 200-day moving average of $76.45.

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

UL Solutions Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd will be paid a $0.145 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.7%. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s dividend payout ratio (DPR) is currently 36.48%.

Analysts Set New Price Targets

Several brokerages have recently commented on ULS. Weiss Ratings lowered UL Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, February 20th. UBS Group upped their price target on UL Solutions from $85.00 to $90.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Robert W. Baird decreased their price objective on shares of UL Solutions from $97.00 to $96.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Citigroup decreased their price objective on shares of UL Solutions from $88.10 to $87.80 and set a “neutral” rating for the company in a report on Tuesday, February 24th. Finally, JPMorgan Chase & Co. increased their target price on shares of UL Solutions from $84.00 to $88.00 and gave the stock a “neutral” rating in a report on Friday, February 20th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $87.60.

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.