Insider Selling: UL Solutions Inc. (NYSE:ULS) EVP Sells $102,714.00 in Stock

UL Solutions Inc. (NYSE:ULS) EVP Alberto Uggetti sold 1,938 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $53.00, for a total transaction of $102,714.00. Following the transaction, the executive vice president now directly owns 9,285 shares in the company, valued at approximately $492,105. This represents a 17.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

UL Solutions Stock Performance

Shares of UL Solutions stock opened at $50.50 on Friday. UL Solutions Inc. has a 52 week low of $33.15 and a 52 week high of $59.23. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average price of $52.88 and a 200-day moving average price of $51.97. The company has a market cap of $10.11 billion and a PE ratio of 31.17.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.11. The business had revenue of $739.00 million for the quarter, compared to analysts’ expectations of $726.54 million. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. Equities analysts anticipate that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 28th were paid a $0.13 dividend. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.03%. UL Solutions’s dividend payout ratio (DPR) is 32.10%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Citigroup upped their price objective on shares of UL Solutions from $60.00 to $60.50 and gave the company a “buy” rating in a report on Tuesday, February 25th. The Goldman Sachs Group upped their price target 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. increased their price target on UL Solutions from $55.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, UL Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $51.45.

Hedge Funds Weigh In On UL Solutions

Hedge funds and other institutional investors have recently modified their holdings of the business. Stone House Investment Management LLC purchased a new stake in shares of UL Solutions during the third quarter valued at approximately $25,000. Quarry LP bought a new position in UL Solutions in the 4th quarter valued at $32,000. PNC Financial Services Group Inc. increased 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 valued at $33,000 after purchasing an additional 582 shares during the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in shares of UL Solutions during the 3rd quarter valued at $84,000. Finally, KBC Group NV bought a new stake in shares of UL Solutions during the 4th quarter worth $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.