Alberto Uggetti Sells 1,961 Shares of UL Solutions Inc. (NYSE:ULS) Stock

UL Solutions Inc. (NYSE:ULS) EVP Alberto Uggetti sold 1,961 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $70.00, for a total transaction of $137,270.00. Following the completion of the transaction, the executive vice president now owns 9,285 shares in the company, valued at approximately $649,950. This trade represents a 17.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Alberto Uggetti also recently made the following trade(s):

• On Friday, March 7th, Alberto Uggetti sold 1,938 shares of UL Solutions stock. The shares were sold at an average price of $53.00, for a total value of $102,714.00.

UL Solutions Stock Down 0.6 %

ULS stock opened at $70.09 on Friday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. UL Solutions Inc. has a 12 month low of $36.51 and a 12 month high of $71.89. The stock has a market capitalization of $14.03 billion and a P/E ratio of 43.27. The firm has a 50-day moving average price of $56.12 and a 200-day moving average price of $53.68.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.05. The company had revenue of $705.00 million for the quarter, compared to analysts’ expectations of $704.19 million. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The business’s quarterly revenue was up 5.2% on a year-over-year basis. As a group, equities research analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were given a dividend of $0.13 per share. 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 dividend yield of 0.74%. UL Solutions’s dividend payout ratio is presently 31.14%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ULS shares. The Goldman Sachs Group lifted their target price on UL Solutions from $57.00 to $63.00 and gave the company a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on UL Solutions from $55.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Citigroup boosted their target price on UL Solutions from $60.00 to $60.50 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Robert W. Baird increased their price target on UL Solutions from $60.00 to $73.00 and gave the company a “neutral” rating in a research report on Wednesday. Finally, Wells Fargo & Company raised their target price on shares of UL Solutions from $65.00 to $77.00 and gave the company an “overweight” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.93.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ULS. Quarry LP acquired a new position in shares of UL Solutions during the fourth quarter worth approximately $32,000. PNC Financial Services Group Inc. lifted its holdings in UL Solutions by 653.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock worth $33,000 after acquiring an additional 582 shares during the period. Rhumbline Advisers purchased a new stake in shares of UL Solutions during the 1st quarter worth approximately $49,000. Northwest & Ethical Investments L.P. lifted its holdings in UL Solutions by 23.5% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company’s stock valued at $105,000 after purchasing an additional 400 shares during the last quarter. Finally, KBC Group NV purchased a new position in shares of UL Solutions in the fourth quarter valued at $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.