Capital International Sarl Purchases 24,654 Shares of UL Solutions Inc. $ULS

Capital International Sarl boosted its stake in shares of UL Solutions Inc. (NYSE:ULS) by 17.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 163,604 shares of the company’s stock after buying an additional 24,654 shares during the period. Capital International Sarl owned approximately 0.08% of UL Solutions worth $11,593,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the company. Capital International Investors grew its holdings 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 buying an additional 738,720 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of UL Solutions by 13.8% during the 3rd quarter. Bessemer Group Inc. now owns 2,151,390 shares of the company’s stock worth $152,448,000 after buying an additional 261,603 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of UL Solutions in the third quarter valued at about $97,803,000. Norges Bank acquired a new position in shares of UL Solutions during the 2nd quarter worth approximately $89,174,000. Finally, First Trust Advisors LP grew its stake in UL Solutions by 57.3% during the third quarter. First Trust Advisors LP now owns 1,137,364 shares of the company’s stock worth $80,594,000 after buying an additional 414,363 shares in the last quarter.

Analyst Ratings Changes

Several research firms recently weighed in on ULS. Bank of America raised their price objective on UL Solutions to $86.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. JPMorgan Chase & Co. lifted their target price on shares of UL Solutions from $84.00 to $88.00 and gave the stock a “neutral” rating in a research note on Friday, February 20th. The Goldman Sachs Group restated a “neutral” rating on shares of UL Solutions in a report on Friday, February 20th. Weiss Ratings downgraded UL Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 20th. Finally, Robert W. Baird lowered their price objective on shares of UL Solutions from $97.00 to $96.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $87.60.

UL Solutions Trading Up 1.6%

Shares of UL Solutions stock opened at $82.33 on Tuesday. The company has a market cap of $16.55 billion, a price-to-earnings ratio of 51.78, a PEG ratio of 3.33 and a beta of 0.85. UL Solutions Inc. has a 12-month low of $49.34 and a 12-month high of $91.95. The company’s 50-day moving average price is $76.82 and its 200-day moving average price is $76.33. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38.

UL Solutions (NYSE:ULS) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.07. UL Solutions had a net margin of 10.61% and a return on equity of 31.62%. The company had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $782.37 million. During the same period in the prior year, the business earned $0.49 earnings per share. UL Solutions’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

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

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.