UL Solutions Inc. (NYSE:ULS) Insider Sells $472,080.00 in Stock

UL Solutions Inc. (NYSE:ULS) insider Gitte Schjotz sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $67.44, for a total value of $472,080.00. Following the completion of the transaction, the insider now directly owns 46,889 shares in the company, valued at $3,162,194.16. This trade represents a 12.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

UL Solutions Stock Performance

Shares of ULS stock opened at $70.09 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market capitalization of $14.03 billion and a price-to-earnings ratio of 43.27. UL Solutions Inc. has a one year low of $36.51 and a one year high of $71.89. The company’s 50-day simple moving average is $56.12 and its 200-day simple moving average is $53.68.

UL Solutions (NYSE:ULS) last issued its earnings results on Tuesday, May 6th. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The company had revenue of $705.00 million during the quarter, compared to the consensus estimate of $704.19 million. The firm’s revenue was up 5.2% on a year-over-year basis. Equities analysts anticipate that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 28th were paid a $0.13 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.74%. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s dividend payout ratio (DPR) is presently 31.14%.

Analyst Ratings Changes

Several research firms recently commented on ULS. Robert W. Baird boosted their price target on UL Solutions from $60.00 to $73.00 and gave the stock a “neutral” rating in a research report on Wednesday. UBS Group upped their target price on shares of UL Solutions from $58.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday. Wells Fargo & Company lifted their price target on shares of UL Solutions from $65.00 to $77.00 and gave the stock an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group upped their price objective on shares of UL Solutions from $57.00 to $63.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Citigroup lifted their target price on UL Solutions from $60.00 to $60.50 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $67.93.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ULS. Vanguard Group Inc. raised its stake in shares of UL Solutions by 7.8% during the fourth quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company’s stock valued at $278,016,000 after purchasing an additional 401,492 shares in the last quarter. Renaissance Capital LLC lifted its stake in shares of UL Solutions by 108.5% in the 4th quarter. Renaissance Capital LLC now owns 87,609 shares of the company’s stock worth $4,370,000 after acquiring an additional 45,595 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of UL Solutions by 29.3% in the third quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock valued at $222,658,000 after acquiring an additional 1,022,851 shares in the last quarter. Picton Mahoney Asset Management increased its stake in shares of UL Solutions by 18.6% during the fourth quarter. Picton Mahoney Asset Management now owns 114,721 shares of the company’s stock valued at $5,722,000 after acquiring an additional 18,019 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in UL Solutions during the fourth quarter worth approximately $332,000.

About UL Solutions

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.