Charles Schwab Investment Management Inc. Grows Position in UL Solutions Inc. $ULS

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in UL Solutions Inc. by 3.2%, owning approximately 0.19% of the company valued at $21.27 million.
• UL Solutions recently announced a dividend of $0.13 per share, representing an annualized yield of 0.8% and a payout ratio of 32.10%.
• Analyst ratings for UL Solutions have varied, with three analysts recommending Buy and four giving a Hold rating, reflecting a consensus average target price of $70.86.

Charles Schwab Investment Management Inc. lifted its holdings in shares of UL Solutions Inc. (NYSE:ULS - Free Report) by 3.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 377,100 shares of the company's stock after buying an additional 11,776 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.19% of UL Solutions worth $21,268,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Argent Trust Co purchased a new stake in shares of UL Solutions during the first quarter valued at $208,000. Natixis Advisors LLC purchased a new stake in shares of UL Solutions during the first quarter valued at $602,000. Federated Hermes Inc. boosted its position in shares of UL Solutions by 1.9% during the first quarter. Federated Hermes Inc. now owns 657,200 shares of the company's stock valued at $37,066,000 after buying an additional 12,400 shares during the last quarter. Picton Mahoney Asset Management boosted its position in shares of UL Solutions by 3.4% during the first quarter. Picton Mahoney Asset Management now owns 118,617 shares of the company's stock valued at $6,689,000 after buying an additional 3,896 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of UL Solutions by 5.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,338 shares of the company's stock valued at $1,034,000 after buying an additional 900 shares during the last quarter.

UL Solutions Stock Performance

Shares of NYSE ULS opened at $65.2280 on Friday. The stock has a market cap of $13.10 billion, a PE ratio of 40.26 and a beta of 1.00. UL Solutions Inc. has a 1 year low of $46.79 and a 1 year high of $74.15. The firm has a fifty day moving average price of $70.07 and a 200-day moving average price of $63.19. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.32 and a quick ratio of 1.32.

UL Solutions (NYSE:ULS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.05. UL Solutions had a net margin of 11.08% and a return on equity of 37.33%. The company had revenue of $776.00 million during the quarter, compared to the consensus estimate of $771.55 million. During the same quarter in the prior year, the firm posted $0.44 EPS. UL Solutions's quarterly revenue was up 6.3% compared to the same quarter last year. Equities analysts anticipate that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 8th. Investors of record on Friday, August 29th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Friday, August 29th. UL Solutions's dividend payout ratio (DPR) is 32.10%.

Analyst Ratings Changes

ULS has been the topic of several research reports. Raymond James Financial raised their target price on UL Solutions from $60.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Wells Fargo & Company increased their price objective on shares of UL Solutions from $65.00 to $77.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group boosted their target price on shares of UL Solutions from $57.00 to $63.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Robert W. Baird upped their target price on shares of UL Solutions from $60.00 to $73.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, UBS Group dropped their price target on shares of UL Solutions from $72.00 to $70.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, UL Solutions presently has a consensus rating of "Hold" and an average target price of $70.86.

UL Solutions Profile

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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