Capital International Ltd. CA Raises Stake in UL Solutions Inc. $ULS

Capital International Ltd. CA increased its stake in UL Solutions Inc. (NYSE:ULS) by 13.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 115,495 shares of the company’s stock after buying an additional 14,035 shares during the period. Capital International Ltd. CA’s holdings in UL Solutions were worth $9,108,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ULS. Royal Bank of Canada boosted its holdings in shares of UL Solutions by 119.5% in the 1st quarter. Royal Bank of Canada now owns 143,431 shares of the company’s stock worth $8,090,000 after buying an additional 78,081 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of UL Solutions by 104.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 460,160 shares of the company’s stock worth $25,953,000 after buying an additional 234,913 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of UL Solutions by 11.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,771 shares of the company’s stock worth $6,981,000 after buying an additional 13,205 shares during the last quarter. Rhumbline Advisers purchased a new position in shares of UL Solutions in the 1st quarter worth about $49,000. Finally, Creative Planning purchased a new position in shares of UL Solutions in the 2nd quarter worth about $208,000.

Insider Transactions at UL Solutions

In other news, insider Gitte Schjotz sold 9,865 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $96.98, for a total transaction of $956,707.70. Following the sale, the insider directly owned 59,341 shares in the company, valued at $5,754,890.18. This represents a 14.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Alberto Uggetti sold 6,100 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $100.00, for a total value of $610,000.00. Following the sale, the executive vice president owned 10,307 shares in the company, valued at approximately $1,030,700. This represents a 37.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 64,980 shares of company stock valued at $6,217,938. 1.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ULS shares. Wall Street Zen raised shares of UL Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. BNP Paribas Exane started coverage on shares of UL Solutions in a report on Monday, April 20th. They issued a “neutral” rating and a $95.00 price target on the stock. Raymond James Financial reissued an “outperform” rating and issued a $115.00 price target on shares of UL Solutions in a report on Wednesday, May 6th. UBS Group boosted their price objective on UL Solutions from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Finally, Citigroup boosted their price objective on UL Solutions from $87.80 to $106.40 and gave the company a “neutral” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, UL Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $101.54.

UL Solutions Trading Down 2.4%

Shares of UL Solutions stock opened at $96.80 on Friday. UL Solutions Inc. has a 52-week low of $61.64 and a 52-week high of $107.54. The stock’s 50-day simple moving average is $93.40 and its 200 day simple moving average is $84.39. The stock has a market capitalization of $19.51 billion, a P/E ratio of 56.61, a P/E/G ratio of 3.77 and a beta of 0.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.16.

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

UL Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Friday, May 29th will be paid a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, May 29th. UL Solutions’s payout ratio is currently 33.92%.

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.