UL Solutions (NYSE:ULS) Director Sells $408,160.00 in Stock

UL Solutions Inc. (NYSE:ULS) Director Friedrich Hecker sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $102.04, for a total transaction of $408,160.00. Following the sale, the director owned 13,180 shares in the company, valued at approximately $1,344,887.20. The trade was a 23.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

UL Solutions Stock Performance

Shares of NYSE ULS opened at $102.87 on Monday. The stock has a market cap of $20.73 billion, a PE ratio of 60.16, a price-to-earnings-growth ratio of 4.00 and a beta of 0.59. UL Solutions Inc. has a 1 year low of $61.64 and a 1 year high of $107.54. The firm has a fifty day moving average price of $90.49 and a 200-day moving average price of $83.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 1.16.

UL Solutions (NYSE:ULS) last released its earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. UL Solutions had a net margin of 11.24% and a return on equity of 30.99%. The company had revenue of $758.00 million for the quarter, compared to analysts’ expectations of $748.50 million. During the same quarter in the previous year, the company earned $0.37 EPS. UL Solutions’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts anticipate that UL Solutions Inc. will post 2.1 earnings per share 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 given a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, May 29th. UL Solutions’s payout ratio is presently 33.92%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ULS shares. Weiss Ratings upgraded UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, May 8th. Citigroup upped their price target on UL Solutions from $87.80 to $106.40 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Telsey Advisory Group set a $100.00 price objective on shares of UL Solutions in a report on Wednesday, May 6th. Robert W. Baird reduced their price objective 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. Finally, UBS Group boosted their target price on shares of UL Solutions from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. One 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.54.

Institutional Investors Weigh In On UL Solutions

Several large investors have recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings in UL Solutions by 349.3% during the 1st quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock valued at $26,000 after buying an additional 234 shares in the last quarter. Assetmark Inc. bought a new stake in UL Solutions in the 3rd quarter worth approximately $40,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of UL Solutions by 3,070.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock worth $46,000 after acquiring an additional 614 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of UL Solutions during the 1st quarter worth approximately $49,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of 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 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.