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

UL Solutions Inc. (NYSE:ULS) EVP Alberto Uggetti sold 6,100 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president directly owned 10,307 shares in the company, valued at approximately $1,030,700. This trade represents a 37.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

UL Solutions Price Performance

Shares of UL Solutions stock opened at $98.87 on Thursday. The firm has a market cap of $19.88 billion, a PE ratio of 57.82, a price-to-earnings-growth ratio of 3.78 and a beta of 0.59. UL Solutions Inc. has a 12-month low of $61.64 and a 12-month high of $107.54. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The company’s fifty day simple moving average is $87.83 and its two-hundred day simple moving average is $82.41.

UL Solutions (NYSE:ULS) last announced 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 business 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 company’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 EPS. As a group, equities analysts expect that UL Solutions Inc. will post 2.1 EPS for the current year.

UL Solutions Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were issued a $0.145 dividend. This is a boost from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.58 dividend on an annualized basis and a yield of 0.6%. UL Solutions’s payout ratio is 33.92%.

Institutional Investors Weigh In On UL Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC lifted 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 during the period. Assetmark Inc. purchased a new position in UL Solutions during the 3rd quarter valued at about $40,000. Northwestern Mutual Wealth Management Co. lifted its position in UL Solutions by 3,070.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock valued at $46,000 after acquiring an additional 614 shares during the period. Rhumbline Advisers purchased a new position in UL Solutions during the 1st quarter valued at about $49,000. Finally, PNC Financial Services Group Inc. lifted its position in UL Solutions by 18.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock valued at $61,000 after acquiring an additional 133 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ULS shares. Wells Fargo & Company raised their price target on shares of UL Solutions from $102.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of UL Solutions in a research report on Wednesday, May 6th. Citigroup raised their target price on shares of UL Solutions from $87.80 to $106.40 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Weiss Ratings raised shares of UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $115.00 target price on shares of UL Solutions in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average 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.