Gitte Schjotz Sells 5,941 Shares of UL Solutions Inc. (NYSE:ULS) Stock

UL Solutions Inc. (NYSE:ULS) insider Gitte Schjotz sold 5,941 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $52.58, for a total transaction of $312,377.78. Following the completion of the transaction, the insider now owns 69,191 shares of the company’s stock, valued at approximately $3,638,062.78. This trade represents a 7.91 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

UL Solutions Trading Down 2.2 %

ULS traded down $1.13 during trading on Wednesday, hitting $51.18. The company’s stock had a trading volume of 692,908 shares, compared to its average volume of 732,287. UL Solutions Inc. has a twelve month low of $33.15 and a twelve month high of $59.23. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. The stock’s fifty day moving average price is $52.31 and its 200-day moving average price is $48.50.

UL Solutions (NYSE:ULS) last released its earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. The company had revenue of $731.00 million for the quarter, compared to the consensus estimate of $709.41 million. UL Solutions had a net margin of 10.76% and a return on equity of 40.88%. The company’s revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts predict that UL Solutions Inc. will post 1.53 earnings per share for the current fiscal year.

UL Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were given a dividend of $0.125 per share. The ex-dividend date was Friday, November 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.98%.

Institutional Trading of UL Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stone House Investment Management LLC bought a new stake in UL Solutions during the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of UL Solutions during the second quarter valued at about $29,000. Sunbelt Securities Inc. bought a new stake in shares of UL Solutions during the second quarter worth about $72,000. Daiwa Securities Group Inc. bought a new stake in shares of UL Solutions during the second quarter worth about $84,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in shares of UL Solutions in the 3rd quarter worth about $84,000.

Analysts Set New Price Targets

Several brokerages have issued reports on ULS. Wells Fargo & Company raised their price target on shares of UL Solutions from $56.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. UBS Group increased their price objective on UL Solutions from $52.00 to $54.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. The Goldman Sachs Group lifted their target price on UL Solutions from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Robert W. Baird increased their price target on UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Citigroup started coverage on UL Solutions in a research report on Monday, October 7th. They set a “buy” rating and a $60.00 price objective for the company. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, UL Solutions has an average rating of “Moderate Buy” and a consensus price target of $49.00.

About UL Solutions

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.