Capital International Inc. CA lifted its holdings in UL Solutions Inc. (NYSE:ULS - Free Report) by 19.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 164,353 shares of the company's stock after acquiring an additional 26,723 shares during the quarter. Capital International Inc. CA owned 0.08% of UL Solutions worth $8,198,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in ULS. PNC Financial Services Group Inc. grew its position in UL Solutions by 653.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company's stock worth $33,000 after purchasing an additional 582 shares during the period. Northwest & Ethical Investments L.P. grew its holdings in UL Solutions by 23.5% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company's stock worth $105,000 after acquiring an additional 400 shares during the period. KBC Group NV purchased a new position in UL Solutions during the fourth quarter valued at approximately $163,000. Signature Estate & Investment Advisors LLC acquired a new position in UL Solutions in the fourth quarter valued at approximately $201,000. Finally, Sanctuary Advisors LLC purchased a new stake in UL Solutions in the 4th quarter worth approximately $221,000.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on ULS. The Goldman Sachs Group lifted their target price on shares of UL Solutions from $51.00 to $57.00 and gave the company a "neutral" rating in a report on Friday, February 21st. JPMorgan Chase & Co. lifted their price target on UL Solutions from $55.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday, February 21st. Finally, Citigroup raised 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. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, UL Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $51.45.
View Our Latest Stock Analysis on ULS
UL Solutions Price Performance
Shares of NYSE ULS traded down $0.76 during mid-day trading on Friday, reaching $57.12. The company's stock had a trading volume of 170,405 shares, compared to its average volume of 706,002. The stock has a 50-day moving average of $54.23 and a two-hundred day moving average of $52.96. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market capitalization of $11.43 billion and a P/E ratio of 35.25. UL Solutions Inc. has a 1-year low of $33.50 and a 1-year high of $62.00.
UL Solutions (NYSE:ULS - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.38 by $0.11. The firm had revenue of $739.00 million during the quarter, compared to analysts' expectations of $726.54 million. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. On average, equities research analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.
UL Solutions Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were given a dividend of $0.13 per share. This is a boost from UL Solutions's previous quarterly dividend of $0.13. This represents a $0.52 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Friday, February 28th. UL Solutions's dividend payout ratio (DPR) is presently 32.10%.
Insider Buying and Selling at UL Solutions
In other news, EVP Alberto Uggetti sold 1,938 shares of UL Solutions stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $53.00, for a total transaction of $102,714.00. Following the sale, the executive vice president now owns 9,285 shares of the company's stock, valued at approximately $492,105. The trade was a 17.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by company insiders.
UL Solutions Company Profile
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Free Report)
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.
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