UL Solutions Inc. $ULS Shares Sold by Capital Research Global Investors

Capital Research Global Investors lowered its stake in UL Solutions Inc. (NYSE:ULS) by 2.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,834,395 shares of the company’s stock after selling 108,510 shares during the quarter. Capital Research Global Investors’ holdings in UL Solutions were worth $302,380,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Assetmark Inc. acquired a new position in UL Solutions in the third quarter valued at about $40,000. Northwestern Mutual Wealth Management Co. lifted its position in UL Solutions by 3,070.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock valued at $46,000 after buying an additional 614 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in UL Solutions by 18.2% in the third quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock valued at $61,000 after buying an additional 133 shares during the last quarter. Rhumbline Advisers acquired a new position in UL Solutions in the first quarter valued at about $49,000. Finally, US Bancorp DE lifted its position in UL Solutions by 253.9% in the third quarter. US Bancorp DE now owns 1,596 shares of the company’s stock valued at $113,000 after buying an additional 1,145 shares during the last quarter.

UL Solutions Stock Down 0.0%

Shares of NYSE:ULS opened at $96.80 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 1.16. The firm has a market capitalization of $19.51 billion, a PE ratio of 56.61, a price-to-earnings-growth ratio of 3.77 and a beta of 0.63. The firm’s 50-day moving average is $93.40 and its two-hundred day moving average is $84.38. UL Solutions Inc. has a 1 year low of $61.64 and a 1 year high of $107.54.

UL Solutions (NYSE:ULS) last issued 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. The company had revenue of $758.00 million for the quarter, compared to analyst estimates of $748.50 million. UL Solutions had a net margin of 11.24% and a return on equity of 30.99%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share. Analysts predict that UL Solutions Inc. will post 2.1 EPS for the current year.

UL Solutions Dividend Announcement

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

Insider Buying and Selling at UL Solutions

In other UL Solutions news, Director Friedrich Hecker sold 4,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $102.04, for a total transaction of $408,160.00. Following the sale, the director directly owned 13,180 shares in the company, valued at $1,344,887.20. This represents a 23.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Alberto Uggetti sold 6,100 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $100.00, for a total transaction of $610,000.00. Following the sale, the executive vice president owned 10,307 shares in the company, valued at $1,030,700. The trade was a 37.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 64,980 shares of company stock valued at $6,217,938 over the last three months. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Robert W. Baird decreased their target price on shares of UL Solutions from $97.00 to $96.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Bank of America upped their target price on shares of UL Solutions to $86.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Citigroup upped their target price on shares of UL Solutions from $87.80 to $106.40 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Raymond James Financial reiterated an “outperform” rating and set a $115.00 price target on shares of UL Solutions in a research note on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $101.54.

UL Solutions 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.