UL Solutions (NYSE:ULS) Stock: Insider Jennifer Scanlon Sells 12,500 Shares

UL Solutions Inc. (NYSE:ULS) CEO Jennifer Scanlon sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $75.03, for a total value of $937,875.00. Following the completion of the sale, the chief executive officer directly owned 114,224 shares of the company’s stock, valued at $8,570,226.72. This represents a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

UL Solutions Price Performance

Shares of NYSE ULS opened at $76.46 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.42 and a current ratio of 2.09. UL Solutions Inc. has a one year low of $63.17 and a one year high of $107.54. The firm has a market capitalization of $15.44 billion, a P/E ratio of 30.46, a PEG ratio of 3.31 and a beta of 0.62. The company’s fifty day moving average is $70.95 and its two-hundred day moving average is $82.50.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported $0.62 EPS for the quarter, meeting the consensus estimate of $0.62. UL Solutions had a net margin of 16.07% and a return on equity of 26.65%. The firm had revenue of $823.00 million during the quarter, compared to analysts’ expectations of $815.72 million. During the same quarter last year, the business earned $0.56 earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts forecast that UL Solutions Inc. will post 2.09 EPS for the current fiscal year.

UL Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 31st were paid a $0.1450 dividend. This represents a $0.58 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 31st. UL Solutions’s dividend payout ratio (DPR) is presently 23.11%.

Key UL Solutions News

Here are the key news stories impacting UL Solutions this week:

• Positive Sentiment: UL Solutions is expanding its high-wind testing services in North America, broadening its testing capabilities and potential reach in the wind-energy market. UL Solutions Expands High-Wind Testing Services in North America
• Positive Sentiment: In its latest quarter, revenue increased 5.1% year over year to $823 million, ahead of estimates; EPS of $0.62 matched consensus. The results offer evidence of continued growth, though the earnings-per-share figure was not a surprise.
• Neutral Sentiment: The company joined an industry proposal to the FDA recommending competency-based approaches to regulated life-sciences training. This could create opportunities if adopted, but it is a proposal rather than an announced regulatory change. UL Solutions Collaborates on Life Science Training Initiative
• Neutral Sentiment: Analyst opinions were mixed: Wells Fargo raised its target to $105 and kept an Overweight rating, while Citigroup lowered its target to $81.40 and retained a Neutral rating. Wells Fargo analyst ratings Citigroup analyst ratings
• Negative Sentiment: CEO Jennifer Scanlon sold 12,500 shares for about $938,000, reducing her holdings by roughly 9.9%. The reported sale may pressure sentiment, although no reason for the transaction was provided. CEO share sale report

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ULS. Public Employees Retirement System of Ohio acquired a new stake in UL Solutions in the second quarter valued at approximately $2,428,000. Reynders McVeigh Capital Management LLC raised its stake in shares of UL Solutions by 3.8% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 608,136 shares of the company’s stock valued at $61,945,000 after purchasing an additional 22,028 shares in the last quarter. Bank of America Corp DE lifted its holdings in UL Solutions by 68.2% during the 1st quarter. Bank of America Corp DE now owns 113,623 shares of the company’s stock worth $9,739,000 after buying an additional 46,071 shares during the last quarter. Bessemer Group Inc. lifted its stake in UL Solutions by 2.0% during the first quarter. Bessemer Group Inc. now owns 2,265,772 shares of the company’s stock worth $194,199,000 after purchasing an additional 44,103 shares during the last quarter. Finally, Ranger Investment Management L.P. lifted its position in shares of UL Solutions by 8.5% in the 1st quarter. Ranger Investment Management L.P. now owns 446,930 shares of the company’s stock worth $38,306,000 after buying an additional 35,096 shares during the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ULS. The Goldman Sachs Group set a $86.00 target price on shares of UL Solutions in a research report on Wednesday, August 5th. UBS Group increased their price target on shares of UL Solutions from $96.00 to $97.00 and gave the company a “buy” rating in a research report on Monday, October 12th. Wall Street Zen cut shares of UL Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Robert W. Baird cut their price objective on UL Solutions from $95.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, September 24th. Finally, Weiss Ratings downgraded UL Solutions from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, September 21st. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, UL Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.84.

About UL Solutions

UL Solutions Inc (NYSE: ULS) is a global applied safety science company that provides testing, inspection, certification, and advisory services. The company helps manufacturers, retailers, regulators, and other organizations evaluate the safety, security, performance, quality, and sustainability of products, facilities, and systems.

Its services cover a broad range of industries, including consumer products, industrial equipment, energy, mobility, information technology, and the built environment.