Insider Selling: UL Solutions (NYSE:ULS) CAO Sells 725 Shares of Stock

UL Solutions Inc. (NYSE:ULS) CAO Karen Pepping sold 725 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $97.74, for a total value of $70,861.50. Following the transaction, the chief accounting officer owned 8,082 shares in the company, valued at approximately $789,934.68. This represents a 8.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

UL Solutions Stock Down 0.8%

Shares of ULS traded down $0.80 during midday trading on Wednesday, reaching $97.77. 666,907 shares of the company were exchanged, compared to its average volume of 875,098. The stock has a 50-day moving average price of $93.96 and a 200-day moving average price of $84.53. The company has a market cap of $19.71 billion, a price-to-earnings ratio of 57.17, a P/E/G ratio of 3.77 and a beta of 0.63. UL Solutions Inc. has a 1-year low of $61.64 and a 1-year high of $107.54. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $748.50 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Research analysts expect that UL Solutions Inc. will post 2.1 earnings per share for the current year.

UL Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 29th were paid a $0.145 dividend. The ex-dividend date was Friday, May 29th. This represents a $0.58 annualized dividend and a dividend yield of 0.6%. UL Solutions’s payout ratio is 33.92%.

Wall Street Analysts Forecast Growth

ULS has been the topic of several recent analyst reports. UBS Group boosted their price target on UL Solutions from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note 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. Wall Street Zen raised UL Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Robert W. Baird lowered their price objective on UL Solutions from $97.00 to $96.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Finally, Weiss Ratings raised UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 8th. One 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $101.54.

Institutional Trading of UL Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of ULS. Ghisallo Capital Management LLC increased its holdings in UL Solutions by 1,299.3% in the fourth quarter. Ghisallo Capital Management LLC now owns 1,399,273 shares of the company’s stock valued at $110,347,000 after buying an additional 1,299,273 shares during the last quarter. Vanguard Group Inc. increased its holdings in UL Solutions by 21.9% in the fourth quarter. Vanguard Group Inc. now owns 6,740,636 shares of the company’s stock valued at $531,567,000 after buying an additional 1,213,188 shares during the last quarter. State Street Corp grew its holdings in shares of UL Solutions by 272.1% during the fourth quarter. State Street Corp now owns 1,460,723 shares of the company’s stock valued at $115,193,000 after purchasing an additional 1,068,194 shares during the last quarter. Norges Bank bought a new position in shares of UL Solutions during the fourth quarter valued at approximately $72,719,000. Finally, Alyeska Investment Group L.P. bought a new position in shares of UL Solutions during the fourth quarter valued at approximately $69,002,000.

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.