UL Solutions (NYSE:ULS) CEO Jennifer Scanlon Sells 12,500 Shares of Stock

UL Solutions Inc. (NYSE:ULS) CEO Jennifer Scanlon sold 12,500 shares of the business’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $75.03, for a total value of $937,875.00. Following the sale, the chief executive officer directly owned 114,224 shares of the company’s stock, valued at $8,570,226.72. This represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

UL Solutions Stock Performance

UL Solutions stock opened at $79.73 on Thursday. The company has a current ratio of 2.09, a quick ratio of 1.42 and a debt-to-equity ratio of 0.44. UL Solutions Inc. has a 1 year low of $63.17 and a 1 year high of $107.54. The company has a market cap of $16.10 billion, a PE ratio of 31.76, a PEG ratio of 3.33 and a beta of 0.62. The company’s 50-day moving average is $70.93 and its two-hundred day moving average is $82.50.

UL Solutions (NYSE:ULS) last issued its earnings results on Tuesday, November 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. UL Solutions had a net margin of 16.07% and a return on equity of 26.65%. The company had revenue of $823.00 million for the quarter, compared to analyst estimates of $815.72 million. During the same quarter last year, the firm earned $0.56 EPS. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Equities analysts anticipate that UL Solutions Inc. will post 2.09 earnings per share for the current year.

UL Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 31st were given a dividend of $0.1450 per share. The ex-dividend date was Monday, August 31st. This represents a $0.58 annualized dividend and a dividend yield of 0.7%. UL Solutions’s payout ratio is presently 23.48%.

Analyst Ratings Changes

ULS has been the topic of a number of analyst reports. The Goldman Sachs Group set a $86.00 price target on UL Solutions in a research note on Wednesday, August 5th. UBS Group lifted their price objective on UL Solutions from $96.00 to $97.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Citigroup dropped their price objective on UL Solutions from $82.80 to $81.40 and set a “neutral” rating for the company in a report on Wednesday. Weiss Ratings downgraded UL Solutions from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, September 21st. Finally, Wells Fargo & Company increased their target price on UL Solutions from $104.00 to $105.00 and gave the company an “overweight” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.84.

Trending Headlines about UL Solutions

Here are the key news stories impacting UL Solutions this week:

• Positive Sentiment: Q3 revenue rose 5.1% year over year to $823 million, topping estimates of about $816 million. EPS was $0.62, up from $0.56 a year earlier and in line with the $0.62 consensus cited in one report. Coverage also highlighted stronger margins, certification demand and raised guidance. Q3 earnings report
• Positive Sentiment: Wells Fargo raised its price target to $105 and maintained an Overweight rating, signaling substantial potential upside in its view. Wells Fargo recommendations
• Neutral Sentiment: Citigroup lowered its target to $81.40 and kept a Neutral rating, reflecting a more cautious view of near-term upside. Citigroup recommendations
• Negative Sentiment: CEO Jennifer Scanlon sold 12,500 shares for about $938,000, reducing her direct stake by 9.86%. Insider sales can weigh on sentiment, though the filing alone does not explain the reason for the sale. SEC Form 4 filing
• Negative Sentiment: A valuation-focused analysis argued ULS could be trading above fair value, which may limit enthusiasm even after the quarterly performance. UL Solutions valuation analysis

Institutional Investors Weigh In On UL Solutions

A number of hedge funds have recently modified their holdings of ULS. Parallel Advisors LLC raised its holdings in shares of UL Solutions by 349.3% during the first quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock worth $26,000 after acquiring an additional 234 shares during the period. Integrated Wealth Concepts LLC bought a new stake in UL Solutions in the 2nd quarter valued at $34,000. NewEdge Advisors LLC lifted its position in UL Solutions by 50.0% in the 2nd quarter. NewEdge Advisors LLC now owns 450 shares of the company’s stock valued at $46,000 after acquiring an additional 150 shares in the last quarter. Mather Group LLC. acquired a new position in UL Solutions in the 3rd quarter worth $33,000. Finally, Covestor Ltd acquired a new position in UL Solutions in the 3rd quarter worth $34,000.

About UL Solutions

UL Solutions Inc (NYSE: ULS) is a global applied safety science company that provides testing, inspection, certification, and advisory services. The company helps manufacturers, retailers, regulators, and other organizations evaluate the safety, security, performance, quality, and sustainability of products, facilities, and systems.

Its services cover a broad range of industries, including consumer products, industrial equipment, energy, mobility, information technology, and the built environment.