Insider Selling: UL Solutions (NYSE:ULS) CEO Sells $1,151,000.00 in Stock

UL Solutions Inc. (NYSE:ULS) CEO Jennifer Scanlon sold 12,500 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $92.08, for a total value of $1,151,000.00. Following the transaction, the chief executive officer directly owned 151,724 shares in the company, valued at approximately $13,970,745.92. This represents a 7.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

UL Solutions Trading Up 1.7%

ULS stock opened at $78.15 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.42 and a debt-to-equity ratio of 0.19. UL Solutions Inc. has a twelve month low of $61.64 and a twelve month high of $107.54. The company has a market cap of $15.75 billion, a P/E ratio of 31.64, a PEG ratio of 3.12 and a beta of 0.71. The business has a fifty day moving average of $91.64 and a 200-day moving average of $87.31.

UL Solutions (NYSE:ULS) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. The business had revenue of $816.00 million for the quarter, compared to analysts’ expectations of $813.62 million. UL Solutions had a return on equity of 28.81% and a net margin of 16.02%.The firm’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 earnings per share. As a group, equities research analysts expect that UL Solutions Inc. will post 2.13 EPS for the current year.

UL Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 29th were given a dividend of $0.145 per share. The ex-dividend date was Friday, May 29th. This represents a $0.58 annualized dividend and a dividend yield of 0.7%. UL Solutions’s payout ratio is currently 23.48%.

Analyst Ratings Changes

ULS has been the topic of a number of recent research reports. Telsey Advisory Group set a $100.00 price objective on shares of UL Solutions in a research note on Wednesday, May 6th. Weiss Ratings upgraded shares of UL Solutions from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price target on UL Solutions from $88.00 to $108.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. UBS Group decreased their price objective on UL Solutions from $110.00 to $96.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $115.00 price objective on shares of UL Solutions in a report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.78.

Institutional Investors Weigh In On UL Solutions

Several large investors have recently bought and sold shares of ULS. Advisor OS LLC boosted its stake in 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 purchasing an additional 147 shares during the period. Cresset Asset Management LLC lifted its holdings in shares of UL Solutions by 4.0% in the second quarter. Cresset Asset Management LLC now owns 4,174 shares of the company’s stock valued at $304,000 after purchasing an additional 159 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of UL Solutions by 1.3% in the fourth quarter. Daiwa Securities Group Inc. now owns 15,155 shares of the company’s stock valued at $1,195,000 after purchasing an additional 194 shares in the last quarter. Deutsche Bank AG boosted its position in shares of UL Solutions by 6.0% during the fourth quarter. Deutsche Bank AG now owns 3,677 shares of the company’s stock worth $290,000 after buying an additional 207 shares during the period. Finally, Parallel Advisors LLC boosted its position in shares of UL Solutions by 349.3% during the first quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock worth $26,000 after buying an additional 234 shares during the period.

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.