UL Solutions (NYSE:ULS) Insider Sells $1,198,015.65 in Stock

UL Solutions Inc. (NYSE:ULS) insider Gitte Schjotz sold 12,015 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $99.71, for a total transaction of $1,198,015.65. Following the sale, the insider directly owned 69,206 shares in the company, valued at $6,900,530.26. This trade represents a 14.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Gitte Schjotz also recently made the following trade(s):

• On Wednesday, June 3rd, Gitte Schjotz sold 9,865 shares of UL Solutions stock. The shares were sold at an average price of $96.98, for a total transaction of $956,707.70.
• On Thursday, May 7th, Gitte Schjotz sold 8,000 shares of UL Solutions stock. The shares were sold at an average price of $103.96, for a total transaction of $831,680.00.

UL Solutions Stock Performance

Shares of ULS stock opened at $96.80 on Friday. The company’s 50-day moving average is $93.40 and its 200 day moving average is $84.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $19.51 billion, a price-to-earnings ratio of 56.61, a price-to-earnings-growth ratio of 3.77 and a beta of 0.63. UL Solutions Inc. has a one year low of $61.64 and a one year high of $107.54.

UL Solutions (NYSE:ULS) last announced its quarterly earnings results 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. The firm had revenue of $758.00 million for the quarter, compared to the consensus estimate of $748.50 million. UL Solutions had a net margin of 11.24% and a return on equity of 30.99%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.37 EPS. Sell-side analysts expect that UL Solutions Inc. will post 2.1 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Friday, May 29th will be issued a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, May 29th. UL Solutions’s dividend payout ratio (DPR) is presently 33.92%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ULS shares. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of UL Solutions in a report on Wednesday, May 6th. Citigroup raised their price target on shares of UL Solutions from $87.80 to $106.40 and gave the company a “neutral” rating in a report on Thursday, May 7th. Wall Street Zen raised shares of UL Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. raised their price target on shares of UL Solutions from $88.00 to $108.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Finally, Robert W. Baird dropped their price target on shares of UL Solutions from $97.00 to $96.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $101.54.

Hedge Funds Weigh In On UL Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in ULS. Parallel Advisors LLC boosted its holdings in shares of UL Solutions by 349.3% in the first quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock worth $26,000 after buying an additional 234 shares during the last quarter. Assetmark Inc. purchased a new position in shares of UL Solutions in the third quarter worth approximately $40,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of UL Solutions by 3,070.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock worth $46,000 after buying an additional 614 shares during the last quarter. Rhumbline Advisers purchased a new position in shares of UL Solutions in the first quarter worth approximately $49,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of UL Solutions by 18.2% in the third quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock worth $61,000 after buying an additional 133 shares during the last quarter.

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.