Capital Group Investment Management PTE. LTD. Purchases 705 Shares of UL Solutions Inc. (NYSE:ULS)

Capital Group Investment Management PTE. LTD. lifted its position in shares of UL Solutions Inc. (NYSE:ULS) by 3.4% in the 4th quarter, Holdings Channel reports. The fund owned 21,735 shares of the company’s stock after buying an additional 705 shares during the quarter. Capital Group Investment Management PTE. LTD.’s holdings in UL Solutions were worth $1,084,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in UL Solutions by 653.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock valued at $33,000 after purchasing an additional 582 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its stake in shares of UL Solutions by 23.5% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company’s stock valued at $105,000 after buying an additional 400 shares in the last quarter. KBC Group NV bought a new position in UL Solutions in the 4th quarter worth approximately $163,000. Sanctuary Advisors LLC purchased a new position in UL Solutions in the 4th quarter valued at approximately $221,000. Finally, Signature Estate & Investment Advisors LLC purchased a new position in UL Solutions in the 4th quarter valued at approximately $201,000.

Insider Buying and Selling

In related news, EVP Alberto Uggetti sold 1,938 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 9,285 shares in the company, valued at $492,105. This represents a 17.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.

Analyst Ratings Changes

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

UL Solutions Stock Up 0.8 %

Shares of NYSE ULS opened at $55.64 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. UL Solutions Inc. has a 12 month low of $33.50 and a 12 month high of $59.23. The firm has a market capitalization of $11.14 billion and a price-to-earnings ratio of 34.34. The business has a 50-day moving average of $54.29 and a 200-day moving average of $52.75.

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

UL Solutions Increases Dividend

The business also recently disclosed 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 boost from UL Solutions’s previous quarterly dividend of $0.13. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Friday, February 28th. UL Solutions’s dividend payout ratio (DPR) is 32.10%.

UL Solutions Company 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.