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

by · The Cerbat Gem

UL Solutions Inc. (NYSE:ULS – Get Free Report) EVP Alberto Uggetti sold 1,938 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 9,285 shares in the company, valued at $492,105. The trade was a 17.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

UL Solutions Stock Down 1.7 %

UL Solutions stock traded down $0.90 during mid-day trading on Tuesday, reaching $50.41. The stock had a trading volume of 610,920 shares, compared to its average volume of 495,058. UL Solutions Inc. has a fifty-two week low of $33.15 and a fifty-two week high of $59.23. The stock’s 50-day simple moving average is $52.84 and its 200-day simple moving average is $52.02. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market capitalization of $10.09 billion and a PE ratio of 31.11.

UL Solutions (NYSE:ULS – Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.11. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The firm had revenue of $739.00 million for the quarter, compared to the consensus estimate of $726.54 million. On average, sell-side analysts forecast that UL Solutions Inc. will post 1.69 EPS for the current fiscal year.

UL Solutions Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 28th were issued a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 annualized dividend and a yield of 1.03%. This is an increase from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s dividend payout ratio is 32.10%.

Hedge Funds Weigh In On UL Solutions

Large investors have recently bought and sold shares of the stock. Capital International Investors grew its stake in shares of UL Solutions by 7.4% in the 4th quarter. Capital International Investors now owns 11,691,957 shares of the company’s stock worth $583,324,000 after acquiring an additional 809,779 shares in the last quarter. Vanguard Group Inc. grew its position in UL Solutions by 7.8% in the 4th quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company’s stock worth $278,016,000 after purchasing an additional 401,492 shares in the last quarter. JPMorgan Chase & Co. increased its stake in UL Solutions by 29.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock valued at $222,658,000 after buying an additional 1,022,851 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of UL Solutions by 88.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,224,709 shares of the company’s stock worth $210,729,000 after buying an additional 1,987,295 shares in the last quarter. Finally, FMR LLC lifted its position in shares of UL Solutions by 17.2% during the 4th quarter. FMR LLC now owns 4,178,072 shares of the company’s stock worth $208,402,000 after buying an additional 612,834 shares in the last quarter.

Wall Street Analyst Weigh In

ULS has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of UL Solutions from $55.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday, February 21st. Citigroup upped their target price on UL Solutions from $60.00 to $60.50 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, The Goldman Sachs Group raised their price target on shares of UL Solutions from $51.00 to $57.00 and gave the stock a “neutral” 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 stock. According to MarketBeat.com, UL Solutions has a consensus rating of “Moderate Buy” and an average price target of $51.45.

Read Our Latest Research Report on UL Solutions

About UL Solutions

(Get Free Report)

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.

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