Gitte Schjotz Sells 9,865 Shares of UL Solutions (NYSE:ULS) Stock

UL Solutions Inc. (NYSE:ULS) insider Gitte Schjotz sold 9,865 shares of UL Solutions stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $96.98, for a total value of $956,707.70. Following the transaction, the insider directly owned 59,341 shares of the company’s stock, valued at $5,754,890.18. The trade was a 14.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Gitte Schjotz also recently made the following trade(s):

• On Tuesday, June 2nd, Gitte Schjotz sold 12,015 shares of UL Solutions stock. The shares were sold at an average price of $99.71, for a total value of $1,198,015.65.
• On Thursday, May 7th, Gitte Schjotz sold 8,000 shares of UL Solutions stock. The shares were sold at an average price of $103.96, for a total value of $831,680.00.

UL Solutions Stock Down 2.4%

ULS stock opened at $96.80 on Friday. UL Solutions Inc. has a twelve month low of $61.64 and a twelve 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 firm has a market capitalization of $19.51 billion, a PE ratio of 56.61, a PEG ratio of 3.86 and a beta of 0.63. The stock has a 50-day simple moving average of $93.40 and a two-hundred day simple moving average of $84.39.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.42 by $0.08. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The company had revenue of $758.00 million during the quarter, compared to analyst estimates of $748.50 million. During the same quarter in the previous year, the firm earned $0.37 earnings per share. UL Solutions’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts predict that UL Solutions Inc. will post 2.1 EPS for the current fiscal year.

UL Solutions Dividend Announcement

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

Wall Street Analyst Weigh In

ULS has been the subject of several recent analyst reports. The Goldman Sachs Group reissued a “neutral” rating on shares of UL Solutions in a report on Wednesday, May 6th. Citigroup boosted their price objective on UL Solutions from $87.80 to $106.40 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Telsey Advisory Group set a $100.00 price objective on UL Solutions in a report on Wednesday, May 6th. Zacks Research raised UL Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Finally, UBS Group boosted their price objective on UL Solutions from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, UL Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $101.54.

Institutional Trading of UL Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of ULS. Parallel Advisors LLC boosted its stake in UL Solutions by 349.3% in the first quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock worth $26,000 after buying an additional 234 shares in the last quarter. Assetmark Inc. purchased a new stake in UL Solutions in the third quarter worth approximately $40,000. Northwestern Mutual Wealth Management Co. boosted its stake 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 worth $46,000 after buying an additional 614 shares in the last quarter. Rhumbline Advisers purchased a new stake in UL Solutions in the first quarter worth approximately $49,000. Finally, PNC Financial Services Group Inc. boosted its stake in UL Solutions by 18.2% in the third quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock worth $61,000 after buying an additional 133 shares in the last quarter.

UL Solutions Company 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.