UL Solutions Inc. (NYSE:ULS) EVP Sells $102,714.00 in Stock

UL Solutions Inc. (NYSE:ULS) EVP Alberto Uggetti sold 1,938 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $53.00, for a total transaction of $102,714.00. Following the completion of the sale, the executive vice president now directly owns 9,285 shares of the company’s stock, valued at approximately $492,105. This represents a 17.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

UL Solutions Stock Performance

ULS traded down $0.90 during trading hours on Tuesday, reaching $50.41. The company’s stock had a trading volume of 610,920 shares, compared to its average volume of 495,058. UL Solutions Inc. has a 52 week low of $33.15 and a 52 week high of $59.23. The firm has a market cap of $10.09 billion and a PE ratio of 31.11. The company’s 50-day moving average is $52.84 and its 200-day moving average is $52.02. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31.

UL Solutions (NYSE:ULS) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.11. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The business had revenue of $739.00 million for the quarter, compared to analyst estimates of $726.54 million. On average, equities analysts forecast that UL Solutions Inc. will post 1.69 EPS for the current year.

UL Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 28th were paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Friday, February 28th. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s dividend payout ratio (DPR) is 32.10%.

Analyst Upgrades and Downgrades

ULS has been the subject of several recent research reports. Citigroup boosted their price objective on UL Solutions from $60.00 to $60.50 and gave the stock a “buy” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. lifted their price target on UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. Finally, The Goldman Sachs Group raised their target price on shares of UL Solutions from $51.00 to $57.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, UL Solutions has an average rating of “Moderate Buy” and an average target price of $51.45.

Institutional Trading of UL Solutions

Several large investors have recently modified their holdings of the stock. Stone House Investment Management LLC bought a new stake in UL Solutions during the third quarter worth about $25,000. Quarry LP bought a new stake in shares of UL Solutions during the 4th quarter worth approximately $32,000. PNC Financial Services Group Inc. boosted its position in shares of UL Solutions by 653.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock worth $33,000 after acquiring an additional 582 shares in the last quarter. Northwest & Ethical Investments L.P. acquired a new position in UL Solutions during the third quarter valued at approximately $84,000. Finally, KBC Group NV bought a new stake in UL Solutions during the fourth quarter worth $163,000.

UL Solutions Company Profile

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.