Capital International Sarl Purchases 29,656 Shares of UL Solutions Inc. $ULS

Capital International Sarl boosted its position in UL Solutions Inc. (NYSE:ULS) by 18.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 193,260 shares of the company’s stock after acquiring an additional 29,656 shares during the period. Capital International Sarl’s holdings in UL Solutions were worth $15,240,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ULS. Royal Bank of Canada boosted its holdings in UL Solutions by 119.5% in the first quarter. Royal Bank of Canada now owns 143,431 shares of the company’s stock worth $8,090,000 after acquiring an additional 78,081 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in UL Solutions by 104.3% in the first quarter. Goldman Sachs Group Inc. now owns 460,160 shares of the company’s stock worth $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 lifted its holdings in shares of UL Solutions by 11.9% in the first 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 purchasing an additional 13,205 shares in the last quarter. Rhumbline Advisers bought a new position in shares of UL Solutions in the first quarter valued at approximately $49,000. Finally, Creative Planning bought a new position in shares of UL Solutions in the second quarter valued at approximately $208,000.

UL Solutions Stock Performance

Shares of ULS opened at $96.80 on Friday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $19.51 billion, a price-to-earnings ratio of 56.61, a PEG ratio of 3.77 and a beta of 0.63. The stock has a 50 day moving average of $93.40 and a 200 day moving average of $84.39. UL Solutions Inc. has a 12 month low of $61.64 and a 12 month high of $107.54.

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

UL Solutions Dividend Announcement

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 given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th. UL Solutions’s dividend payout ratio (DPR) is presently 33.92%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Robert W. Baird dropped their target price on UL Solutions from $97.00 to $96.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Telsey Advisory Group set a $100.00 target price on UL Solutions in a report on Wednesday, May 6th. Citigroup raised their target price on UL Solutions from $87.80 to $106.40 and gave the company a “neutral” rating in a report on Thursday, May 7th. Zacks Research upgraded UL Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Finally, Bank of America raised their target price on UL Solutions to $86.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $101.54.

Insiders Place Their Bets

In related news, Director Friedrich Hecker sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $102.04, for a total transaction of $408,160.00. Following the completion of the sale, the director directly owned 13,180 shares of the company’s stock, valued at approximately $1,344,887.20. This trade represents a 23.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jennifer F. Scanlon sold 12,500 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $91.57, for a total value of $1,144,625.00. Following the sale, the chief executive officer directly owned 188,274 shares of the company’s stock, valued at $17,240,250.18. The trade was a 6.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 64,980 shares of company stock valued at $6,217,938. Insiders own 1.20% of the company’s stock.

About UL Solutions

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.