Insider Selling: UL Solutions Inc. (NYSE:ULS) EVP Sells 1,938 Shares of Stock

UL Solutions Inc. (NYSE:ULS - Get Free Report) EVP Alberto Uggetti sold 1,938 shares of the business'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 value of $102,714.00. Following the transaction, the executive vice president now owns 9,285 shares of the company's stock, valued at approximately $492,105. This trade represents a 17.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

UL Solutions Trading Up 3.4 %

Shares of NYSE ULS traded up $1.74 during trading on Friday, reaching $52.33. The stock had a trading volume of 558,547 shares, compared to its average volume of 497,045. UL Solutions Inc. has a fifty-two week low of $33.15 and a fifty-two week high of $59.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. The business's 50-day moving average price is $52.94 and its 200-day moving average price is $51.95. The company has a market cap of $10.47 billion and a P/E ratio of 32.30.

UL Solutions (NYSE:ULS - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.11. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The business had revenue of $739.00 million during the quarter, compared to analysts' expectations of $726.54 million. On average, equities research analysts predict that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

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UL Solutions Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 0.99%. This is a boost from UL Solutions's previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, February 28th. UL Solutions's payout ratio is presently 32.10%.

Analyst Ratings Changes

Several equities analysts have commented on ULS shares. Citigroup upped their price objective on UL Solutions from $60.00 to $60.50 and gave the company a "buy" rating in a research report on Tuesday, February 25th. The Goldman Sachs Group raised their price objective on UL Solutions from $51.00 to $57.00 and gave the stock a "neutral" rating in a research note on Friday, February 21st. Finally, JPMorgan Chase & Co. raised their target price on UL Solutions from $55.00 to $58.00 and gave the stock an "overweight" rating in a report on Friday, February 21st. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $51.45.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Stone House Investment Management LLC acquired a new position in UL Solutions during the 3rd quarter worth $25,000. Quarry LP acquired a new position in UL Solutions during the 4th quarter worth $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 shares of UL Solutions during the 3rd quarter worth about $84,000. Finally, KBC Group NV acquired a new position in shares of UL Solutions during the 4th quarter worth about $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.