UL Solutions (NYSE:ULS) Insider Sells $956,707.70 in Stock

UL Solutions Inc. (NYSE:ULS) insider Gitte Schjotz sold 9,865 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $96.98, for a total transaction of $956,707.70. Following the completion of the sale, the insider directly owned 59,341 shares of the company’s stock, valued at approximately $5,754,890.18. This trade represents a 14.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, June 2nd, Gitte Schjotz sold 12,015 shares of UL Solutions stock. The shares were sold at an average price of $99.71, for a total transaction of $1,198,015.65.
• 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

ULS opened at $96.80 on Friday. The stock has a market capitalization of $19.51 billion, a price-to-earnings ratio of 56.61, a PEG ratio of 3.77 and a beta of 0.63. The company has a fifty day moving average of $93.40 and a 200 day moving average of $84.39. UL Solutions Inc. has a fifty-two week low of $61.64 and a fifty-two week high of $107.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.16.

UL Solutions (NYSE:ULS) last posted its earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.08. The company had revenue of $758.00 million during the quarter, compared to analysts’ expectations of $748.50 million. UL Solutions had a net margin of 11.24% and a return on equity of 30.99%. UL Solutions’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the company posted $0.37 earnings per share. As a group, sell-side analysts forecast that UL Solutions Inc. will post 2.1 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, June 8th. Investors of record on Friday, May 29th will be paid a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a 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%.

Hedge Funds Weigh In On UL Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its stake in shares of UL Solutions by 18.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock worth $61,000 after buying an additional 133 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of UL Solutions by 4.3% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,541 shares of the company’s stock worth $251,000 after buying an additional 145 shares in the last quarter. Advisor OS LLC grew its stake in shares of UL Solutions by 4.4% in the 4th quarter. Advisor OS LLC now owns 3,477 shares of the company’s stock worth $274,000 after buying an additional 147 shares in the last quarter. Cresset Asset Management LLC grew its stake in shares of UL Solutions by 4.0% in the 2nd quarter. Cresset Asset Management LLC now owns 4,174 shares of the company’s stock worth $304,000 after buying an additional 159 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in shares of UL Solutions by 1.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 15,155 shares of the company’s stock worth $1,195,000 after buying an additional 194 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. BNP Paribas Exane assumed coverage on shares of UL Solutions in a research note on Monday, April 20th. They set a “neutral” rating and a $95.00 target price for the company. Zacks Research raised shares of UL Solutions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. UBS Group raised their target price on shares of UL Solutions from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Raymond James Financial reissued an “outperform” rating and issued a $115.00 price objective on shares of UL Solutions in a research note on Wednesday, May 6th. Finally, Telsey Advisory Group set a $100.00 price objective on shares of UL Solutions in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.54.

About UL Solutions

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.