UL Solutions (NYSE:ULS) EVP Alberto Uggetti Sells 6,100 Shares

UL Solutions Inc. (NYSE:ULS) EVP Alberto Uggetti sold 6,100 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $100.00, for a total value of $610,000.00. Following the transaction, the executive vice president directly owned 10,307 shares in the company, valued at $1,030,700. The trade was a 37.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

UL Solutions Stock Up 1.7%

Shares of ULS traded up $1.62 during midday trading on Wednesday, reaching $98.87. 794,795 shares of the stock were exchanged, compared to its average volume of 920,696. UL Solutions Inc. has a 52 week low of $61.64 and a 52 week high of $107.54. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The company’s 50 day moving average is $87.53 and its two-hundred day moving average is $82.27. The company has a market capitalization of $19.88 billion, a P/E ratio of 57.82, a PEG ratio of 3.88 and a beta of 0.59.

UL Solutions (NYSE:ULS) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The business had revenue of $758.00 million for the quarter, compared to the consensus estimate of $748.50 million. During the same quarter in the prior year, the company earned $0.37 EPS. The business’s revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts anticipate that UL Solutions Inc. will post 2.06 earnings per share for the current year.

UL Solutions Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were issued a dividend of $0.145 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. This represents a $0.58 annualized dividend and a yield of 0.6%. UL Solutions’s dividend payout ratio is 33.92%.

Hedge Funds Weigh In On UL Solutions

Several institutional investors and hedge funds have recently bought and sold shares of ULS. PNC Financial Services Group Inc. increased its position in shares of UL Solutions by 174.1% during the first quarter. PNC Financial Services Group Inc. now owns 3,791 shares of the company’s stock worth $325,000 after purchasing an additional 2,408 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of UL Solutions by 1.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 315,935 shares of the company’s stock worth $27,073,000 after purchasing an additional 5,258 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of UL Solutions by 349.3% in the 1st quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock worth $26,000 after purchasing an additional 234 shares in the last quarter. KBC Group NV grew its stake in UL Solutions by 45.3% during the 1st quarter. KBC Group NV now owns 2,444 shares of the company’s stock worth $209,000 after buying an additional 762 shares during the last quarter. Finally, Swiss National Bank increased its position in UL Solutions by 3.0% during the 1st quarter. Swiss National Bank now owns 152,800 shares of the company’s stock valued at $13,096,000 after buying an additional 4,500 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have weighed in on ULS. Zacks Research upgraded UL Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Wells Fargo & Company boosted their price target on UL Solutions from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group restated a “neutral” rating on shares of UL Solutions in a research note on Wednesday, May 6th. JPMorgan Chase & Co. raised their price objective on UL Solutions from $88.00 to $108.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings upgraded UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $101.54.

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.