Charles Schwab Investment Management Inc. Acquires 22,617 Shares of UL Solutions Inc. (NYSE:ULS)

Charles Schwab Investment Management Inc. lifted its position in UL Solutions Inc. (NYSE:ULS) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 365,324 shares of the company’s stock after purchasing an additional 22,617 shares during the period. Charles Schwab Investment Management Inc.’s holdings in UL Solutions were worth $18,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stone House Investment Management LLC purchased a new stake in shares of UL Solutions in the third quarter worth $25,000. Northwest & Ethical Investments L.P. purchased a new position in UL Solutions during the third quarter valued at $84,000. KBC Group NV purchased a new position in UL Solutions during the fourth quarter valued at $163,000. Sanctuary Advisors LLC purchased a new position in UL Solutions during the fourth quarter valued at $221,000. Finally, The Manufacturers Life Insurance Company purchased a new position in UL Solutions during the third quarter valued at $278,000.

Insider Transactions at UL Solutions

In related news, EVP Alberto Uggetti sold 1,938 shares of UL Solutions stock in a transaction dated 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 owns 9,285 shares in the company, valued at $492,105. This trade represents a 17.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Analyst Upgrades and Downgrades

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

UL Solutions Price Performance

UL Solutions stock opened at $53.69 on Thursday. The firm has a 50-day moving average price of $53.15 and a 200-day moving average price of $51.90. The firm has a market capitalization of $10.75 billion and a PE ratio of 33.14. 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 $33.15 and a 12-month high of $59.23.

UL Solutions (NYSE:ULS) last released its 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. The firm had revenue of $739.00 million during the quarter, compared to analyst estimates of $726.54 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. As a group, equities research analysts forecast that UL Solutions Inc. will post 1.69 EPS for the current year.

UL Solutions Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 28th were issued a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. 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.