Insider Selling: UL Solutions (NYSE:ULS) Director Sells 4,000 Shares of Stock

UL Solutions Inc. (NYSE:ULS) Director Friedrich Hecker sold 4,000 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $102.04, for a total value of $408,160.00. Following the completion of the transaction, the director directly owned 13,180 shares in the company, valued at approximately $1,344,887.20. This represents a 23.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

UL Solutions Stock Performance

ULS stock traded up $0.53 during trading on Friday, reaching $102.87. The stock had a trading volume of 603,682 shares, compared to its average volume of 703,531. UL Solutions Inc. has a 52 week low of $61.64 and a 52 week high of $107.54. The stock’s 50 day moving average is $90.49 and its two-hundred day moving average is $83.41. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The firm has a market cap of $20.73 billion, a PE ratio of 60.16, a PEG ratio of 3.98 and a beta of 0.59.

UL Solutions (NYSE:ULS) last posted its earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The company had revenue of $758.00 million for the quarter, compared to the consensus estimate of $748.50 million. During the same quarter in the prior year, the company earned $0.37 earnings per share. UL Solutions’s revenue was up 7.5% on a year-over-year basis. As a group, equities analysts anticipate that UL Solutions Inc. will post 2.1 earnings per share for the current year.

UL Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Friday, May 29th will be paid a $0.145 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.58 annualized dividend and a dividend yield of 0.6%. UL Solutions’s dividend payout ratio (DPR) is 33.92%.

Wall Street Analyst Weigh In

ULS has been the topic of several recent research reports. Wells Fargo & Company raised their price objective on UL Solutions from $102.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Robert W. Baird decreased their price objective on UL Solutions from $97.00 to $96.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Citigroup raised their price objective on UL Solutions from $87.80 to $106.40 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Raymond James Financial reaffirmed an “outperform” rating and issued a $115.00 price objective on shares of UL Solutions in a research note on Wednesday, May 6th. Finally, UBS Group raised their price objective on UL Solutions from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $101.54.

Institutional Trading of UL Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital International Investors raised its stake in UL Solutions by 6.6% during the 4th quarter. Capital International Investors now owns 8,043,735 shares of the company’s stock valued at $634,616,000 after purchasing an additional 495,424 shares during the period. Vanguard Group Inc. grew its holdings in UL Solutions by 21.9% during the 4th quarter. Vanguard Group Inc. now owns 6,740,636 shares of the company’s stock valued at $531,567,000 after buying an additional 1,213,188 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in UL Solutions by 10.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,878,995 shares of the company’s stock valued at $463,618,000 after buying an additional 545,528 shares in the last quarter. Capital Research Global Investors grew its holdings in UL Solutions by 20.6% during the 3rd quarter. Capital Research Global Investors now owns 3,942,905 shares of the company’s stock valued at $279,394,000 after buying an additional 674,088 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in UL Solutions by 1.8% during the 4th quarter. Janus Henderson Group PLC now owns 3,024,820 shares of the company’s stock valued at $238,538,000 after buying an additional 54,910 shares in the last quarter.

UL Solutions Company Profile

UL Solutions (NYSE: ULS) is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters’ Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.

The company’s core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.