Insider Selling: UL Solutions (NYSE:ULS) CAO Sells $70,861.50 in Stock

UL Solutions Inc. (NYSE:ULS) CAO Karen Pepping sold 725 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $97.74, for a total value of $70,861.50. Following the transaction, the chief accounting officer owned 8,082 shares in the company, valued at approximately $789,934.68. This trade represents a 8.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

UL Solutions Stock Performance

ULS stock opened at $97.07 on Friday. The business’s 50-day moving average price is $94.78 and its two-hundred day moving average price is $84.79. 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 $19.56 billion, a PE ratio of 56.76, a P/E/G ratio of 3.83 and a beta of 0.63. UL Solutions Inc. has a 1-year low of $61.64 and a 1-year high of $107.54.

UL Solutions (NYSE:ULS) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 EPS 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 analyst estimates of $748.50 million. During the same period in the previous year, the company posted $0.37 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. As a group, research analysts forecast that UL Solutions Inc. will post 2.1 earnings per share for the current year.

UL Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 29th were issued a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, May 29th. UL Solutions’s dividend payout ratio is presently 33.92%.

Analysts Set New Price Targets

ULS has been the topic of a number of recent analyst reports. Bank of America boosted their price target on UL Solutions to $86.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Raymond James Financial reissued an “outperform” rating and set a $115.00 price target on shares of UL Solutions in a research report on Wednesday, May 6th. The Goldman Sachs Group reissued a “neutral” rating on shares of UL Solutions in a research report on Wednesday, May 6th. Citigroup boosted their price target on UL Solutions from $87.80 to $106.40 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. boosted their price target on UL Solutions from $88.00 to $108.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th. 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 stock. Based on data from MarketBeat, UL Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.54.

Hedge Funds Weigh In On UL Solutions

A number of institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its position in UL Solutions by 349.3% during the first quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock worth $26,000 after buying an additional 234 shares during the last quarter. Argent Capital Management LLC increased its stake in shares of UL Solutions by 53.9% during the first quarter. Argent Capital Management LLC now owns 76,644 shares of the company’s stock worth $6,569,000 after purchasing an additional 26,828 shares during the period. CTC Alternative Strategies Ltd. bought a new position in shares of UL Solutions during the first quarter worth approximately $300,000. Bank of America Corp DE increased its stake in shares of UL Solutions by 68.2% during the first quarter. Bank of America Corp DE now owns 113,623 shares of the company’s stock worth $9,739,000 after purchasing an additional 46,071 shares during the period. Finally, Centaurus Financial Inc. increased its stake in shares of UL Solutions by 11.3% during the first quarter. Centaurus Financial Inc. now owns 2,516 shares of the company’s stock worth $216,000 after purchasing an additional 255 shares during the period.

About UL Solutions

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.