Insider Selling: UL Solutions (NYSE:ULS) CEO Sells $937,875.00 in Stock

UL Solutions Inc. (NYSE:ULS) CEO Jennifer Scanlon sold 12,500 shares of the firm’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $75.03, for a total value of $937,875.00. Following the completion of the transaction, the chief executive officer directly owned 114,224 shares in the company, valued at $8,570,226.72. The trade was a 9.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

UL Solutions Stock Performance

ULS traded down $0.67 on Wednesday, hitting $79.73. The company had a trading volume of 1,406,019 shares, compared to its average volume of 943,699. The company’s fifty day moving average price is $70.82 and its 200 day moving average price is $82.48. UL Solutions Inc. has a 1-year low of $63.17 and a 1-year high of $107.54. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market cap of $16.10 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 3.11 and a beta of 0.62.

UL Solutions (NYSE:ULS) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.62 EPS for the quarter, meeting the consensus estimate of $0.62. UL Solutions had a return on equity of 28.81% and a net margin of 16.02%. The company had revenue of $823.00 million for the quarter, compared to the consensus estimate of $815.72 million. During the same quarter last year, the company posted $0.56 earnings per share. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Equities analysts predict that UL Solutions Inc. will post 2.09 earnings per share for the current fiscal year.

UL Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 31st were issued a dividend of $0.1450 per share. This represents a $0.58 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, August 31st. UL Solutions’s dividend payout ratio is currently 23.48%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ULS. The Goldman Sachs Group set a $86.00 target price on shares of UL Solutions in a report on Wednesday, August 5th. Wall Street Zen downgraded UL Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. William Blair reiterated an “outperform” rating on shares of UL Solutions in a research note on Monday, September 21st. Wells Fargo & Company boosted their price objective on UL Solutions from $104.00 to $105.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Citigroup decreased their target price on UL Solutions from $82.80 to $81.40 and set a “neutral” rating for the company in a research note on Wednesday. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.84.

Trending Headlines about UL Solutions

Here are the key news stories impacting UL Solutions this week:

• Positive Sentiment: UL Solutions reported Q3 revenue of $823 million, up 5.1% year over year and above analysts’ $815.7 million estimate. EPS was $0.62, in line with the reported consensus, and above $0.56 a year earlier. Coverage also highlighted raised guidance, record margins, and growth in certification services. Why is UL Solutions stock moving
• Positive Sentiment: Wells Fargo raised its price target to $105 from $104 and reiterated an Overweight rating, signaling continued analyst confidence. Wells Fargo recommendations
• Neutral Sentiment: Strategic investments and a forthcoming major deal were cited as potential growth drivers, though the deal’s impact will depend on execution and details. UL Solutions Q3 earnings coverage
• Negative Sentiment: One valuation analysis argues ULS may be about 13% above fair value after its strong results, raising the risk that the stock’s recent gains have priced in much of the good news. UL Solutions valuation analysis

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ULS. Public Employees Retirement System of Ohio acquired a new stake in shares of UL Solutions during the 2nd quarter valued at about $2,428,000. Reynders McVeigh Capital Management LLC increased its stake in UL Solutions by 3.8% in the second quarter. Reynders McVeigh Capital Management LLC now owns 608,136 shares of the company’s stock valued at $61,945,000 after acquiring an additional 22,028 shares during the period. Bank of America Corp DE raised its position in UL Solutions by 68.2% in 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 in the last quarter. Bessemer Group Inc. raised its position in UL Solutions by 2.0% in the first quarter. Bessemer Group Inc. now owns 2,265,772 shares of the company’s stock worth $194,199,000 after purchasing an additional 44,103 shares in the last quarter. Finally, Ranger Investment Management L.P. lifted its stake in UL Solutions by 8.5% during the first quarter. Ranger Investment Management L.P. now owns 446,930 shares of the company’s stock worth $38,306,000 after purchasing an additional 35,096 shares during the period.

About UL Solutions

UL Solutions Inc (NYSE: ULS) is a global applied safety science company that provides testing, inspection, certification, and advisory services. The company helps manufacturers, retailers, regulators, and other organizations evaluate the safety, security, performance, quality, and sustainability of products, facilities, and systems.

Its services cover a broad range of industries, including consumer products, industrial equipment, energy, mobility, information technology, and the built environment.