American Century Companies Inc. Acquires 117,176 Shares of UL Solutions Inc. (NYSE:ULS)

American Century Companies Inc. increased its holdings in shares of UL Solutions Inc. (NYSE:ULS) by 38.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 425,307 shares of the company’s stock after purchasing an additional 117,176 shares during the period. American Century Companies Inc. owned 0.21% of UL Solutions worth $21,214,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its position in UL Solutions by 653.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock valued at $33,000 after acquiring an additional 582 shares in the last quarter. Northwest & Ethical Investments L.P. bought a new stake in UL Solutions during the third quarter valued at about $84,000. KBC Group NV bought a new stake in UL Solutions during the fourth quarter valued at about $163,000. Sanctuary Advisors LLC bought a new position in UL Solutions in the fourth quarter worth about $221,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of UL Solutions during the third quarter valued at about $278,000.

UL Solutions Stock Up 0.2 %

NYSE:ULS opened at $55.70 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. The company’s fifty day moving average price is $53.70 and its 200-day moving average price is $52.10. UL Solutions Inc. has a 1-year low of $33.15 and a 1-year high of $59.23. The firm has a market capitalization of $11.15 billion and a P/E ratio of 34.38.

UL Solutions (NYSE:ULS) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating 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 business had revenue of $739.00 million during the quarter, compared to analyst estimates of $726.54 million. As a group, equities research analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current year.

UL Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 28th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 0.93%. 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 is currently 32.10%.

Insider Transactions at UL Solutions

In related news, EVP Alberto Uggetti sold 1,938 shares of the company’s 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 transaction, the executive vice president now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ULS. Citigroup lifted their price objective on shares of UL Solutions from $60.00 to $60.50 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. upped their price target on UL Solutions from $55.00 to $58.00 and gave the stock an “overweight” rating in a research report on Friday, February 21st. Finally, The Goldman Sachs Group raised their price objective on UL Solutions from $51.00 to $57.00 and gave the stock 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 issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.45.

About UL Solutions

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.