SG Americas Securities LLC Has $726,000 Stock Position in UL Solutions Inc. $ULS

SG Americas Securities LLC cut its position in shares of UL Solutions Inc. (NYSE:ULS) by 51.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,465 shares of the company’s stock after selling 8,880 shares during the quarter. SG Americas Securities LLC’s holdings in UL Solutions were worth $726,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Royal Bank of Canada boosted its holdings in shares of UL Solutions by 119.5% in the 1st quarter. Royal Bank of Canada now owns 143,431 shares of the company’s stock worth $8,090,000 after acquiring an additional 78,081 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in UL Solutions by 104.3% during the first quarter. Goldman Sachs Group Inc. now owns 460,160 shares of the company’s stock worth $25,953,000 after acquiring an additional 234,913 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in UL Solutions by 11.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,771 shares of the company’s stock worth $6,981,000 after purchasing an additional 13,205 shares in the last quarter. Rhumbline Advisers acquired a new stake in shares of UL Solutions during the first quarter worth $49,000. Finally, Creative Planning bought a new stake in UL Solutions in the 2nd quarter valued at approximately $208,000.

Insider Activity at UL Solutions

In other UL Solutions news, insider Gitte Schjotz sold 12,015 shares of the company’s 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 transaction, the insider owned 69,206 shares in the company, valued at approximately $6,900,530.26. This represents a 14.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jennifer F. Scanlon sold 12,500 shares of the firm’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $99.22, for a total value of $1,240,250.00. Following the completion of the transaction, the chief executive officer owned 164,224 shares in the company, valued at approximately $16,294,305.28. This trade represents a 7.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 65,705 shares of company stock valued at $6,460,300 over the last three months. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ULS has been the topic of several research analyst reports. Citigroup upped their price objective on UL Solutions from $87.80 to $106.40 and gave the company a “neutral” rating in a research note on Thursday, May 7th. BNP Paribas Exane started coverage on UL Solutions in a research report on Monday, April 20th. They issued a “neutral” rating and a $95.00 target price on the stock. Wall Street Zen upgraded UL Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Zacks Research upgraded UL Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. Finally, The Goldman Sachs Group reissued a “neutral” rating on shares of UL Solutions in a research report on Wednesday, May 6th. One 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.54.

UL Solutions Trading Up 0.5%

NYSE:ULS opened at $89.71 on Tuesday. 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 stock has a market capitalization of $18.08 billion, a PE ratio of 52.74, a price-to-earnings-growth ratio of 3.77 and a beta of 0.63. UL Solutions Inc. has a 12 month low of $61.64 and a 12 month high of $107.54. The firm’s 50 day moving average is $97.17 and its 200 day moving average is $86.21.

UL Solutions (NYSE:ULS) last announced its quarterly 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. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The company had revenue of $758.00 million during the quarter, compared to analysts’ expectations of $748.50 million. During the same period in the previous year, the business earned $0.37 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. Sell-side analysts expect that UL Solutions Inc. will post 2.1 earnings per share for the current year.

UL Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 29th were issued a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, May 29th. UL Solutions’s payout ratio is currently 33.92%.

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.