UL Solutions Inc. $ULS Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its holdings in shares of UL Solutions Inc. (NYSE:ULS) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 555,177 shares of the company’s stock after acquiring an additional 4,839 shares during the quarter. American Century Companies Inc. owned about 0.28% of UL Solutions worth $40,450,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its position in UL Solutions by 48.4% in the second quarter. Parkside Financial Bank & Trust now owns 524 shares of the company’s stock valued at $38,000 after purchasing an additional 171 shares during the period. Elequin Capital LP purchased a new stake in shares of UL Solutions during the 1st quarter valued at about $31,000. PNC Financial Services Group Inc. lifted its position in UL Solutions by 28.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 731 shares of the company’s stock worth $53,000 after acquiring an additional 161 shares in the last quarter. Rhumbline Advisers purchased a new position in UL Solutions in the 1st quarter worth approximately $49,000. Finally, Amica Mutual Insurance Co. acquired a new stake in UL Solutions in the second quarter valued at approximately $72,000.

UL Solutions Price Performance

Shares of NYSE:ULS opened at $91.21 on Friday. The stock’s 50 day moving average price is $79.37 and its 200 day moving average price is $72.76. UL Solutions Inc. has a 12 month low of $48.54 and a 12 month high of $91.95. The stock has a market cap of $18.32 billion, a price-to-earnings ratio of 54.62 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.33 and a quick ratio of 1.33.

UL Solutions (NYSE:ULS) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.09. The company had revenue of $783.00 million during the quarter, compared to the consensus estimate of $769.01 million. UL Solutions had a net margin of 11.29% and a return on equity of 34.49%. UL Solutions’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 EPS. Equities research analysts anticipate that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Friday, November 28th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.6%. UL Solutions’s payout ratio is 31.14%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and set a $84.00 target price (up from $70.00) on shares of UL Solutions in a research report on Wednesday, November 5th. UBS Group lifted their price target on shares of UL Solutions from $75.00 to $96.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. The Goldman Sachs Group upped their price objective on shares of UL Solutions from $69.00 to $79.00 and gave the company a “neutral” rating in a research report on Wednesday, November 5th. Wells Fargo & Company raised their target price on UL Solutions from $77.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of UL Solutions in a research report on Tuesday. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, UL Solutions currently has a consensus rating of “Hold” and an average price target of $81.71.

UL Solutions 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.