Capital International Inc. CA Purchases 26,723 Shares of UL Solutions Inc. (NYSE:ULS)

Capital International Inc. CA boosted its position in shares of UL Solutions Inc. (NYSE:ULS) by 19.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 164,353 shares of the company’s stock after purchasing an additional 26,723 shares during the period. Capital International Inc. CA owned about 0.08% of UL Solutions worth $8,198,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of UL Solutions during the fourth quarter valued at approximately $173,869,000. JPMorgan Chase & Co. boosted its holdings in UL Solutions by 29.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock valued at $222,658,000 after acquiring an additional 1,022,851 shares during the period. Capital International Investors grew its position in UL Solutions by 7.4% in the 4th quarter. Capital International Investors now owns 11,691,957 shares of the company’s stock valued at $583,324,000 after acquiring an additional 809,779 shares during the last quarter. Wellington Management Group LLP purchased a new stake in UL Solutions in the fourth quarter worth $32,091,000. Finally, FMR LLC lifted its position in shares of UL Solutions by 17.2% during the fourth quarter. FMR LLC now owns 4,178,072 shares of the company’s stock worth $208,402,000 after purchasing an additional 612,834 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, February 21st. Citigroup boosted their price target on UL Solutions from $60.00 to $60.50 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group raised their price objective on UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $51.45.

UL Solutions Stock Performance

Shares of UL Solutions stock opened at $55.64 on Friday. UL Solutions Inc. has a one year low of $33.50 and a one year high of $59.23. The company has a market capitalization of $11.14 billion and a PE ratio of 34.34. 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 company has a 50-day simple moving average of $54.30 and a two-hundred day simple moving average of $52.82.

UL Solutions (NYSE:ULS) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.11. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The business had revenue of $739.00 million for the quarter, compared to analyst estimates of $726.54 million. Research analysts expect that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 28th were paid a dividend of $0.13 per share. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.93%. UL Solutions’s payout ratio is presently 32.10%.

Insider Activity at UL Solutions

In other UL Solutions news, EVP Alberto Uggetti sold 1,938 shares of the company’s 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 transaction, the executive vice president now owns 9,285 shares in the company, valued at approximately $492,105. This represents a 17.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by insiders.

About UL Solutions

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.