UL Solutions Inc. (NYSE:ULS) EVP Alberto Uggetti Sells 1,938 Shares

UL Solutions Inc. (NYSE:ULS) EVP Alberto Uggetti sold 1,938 shares of UL Solutions stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $53.00, for a total transaction of $102,714.00. Following the completion of the sale, the executive vice president now owns 9,285 shares of the company’s stock, valued at $492,105. This trade represents a 17.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

UL Solutions Trading Down 1.7 %

Shares of ULS stock opened at $50.41 on Wednesday. The business’s fifty day moving average price is $52.85 and its 200 day moving average price is $51.99. UL Solutions Inc. has a 1-year low of $33.15 and a 1-year high of $59.23. The firm has a market capitalization of $10.09 billion and a PE ratio of 31.11. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.11. The firm had revenue of $739.00 million during the quarter, compared to analysts’ expectations of $726.54 million. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. As a group, 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 announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 28th were issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s dividend payout ratio is 32.10%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ULS. JPMorgan Chase & Co. increased their target price on shares of UL Solutions from $55.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, February 21st. The Goldman Sachs Group increased their price objective on shares of UL Solutions from $51.00 to $57.00 and gave the company a “neutral” rating in a research report on Friday, February 21st. Finally, Citigroup raised their price objective on shares of UL Solutions from $60.00 to $60.50 and gave the company a “buy” rating in a report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, UL Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.45.

Institutional Investors Weigh In On UL Solutions

Large investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of UL Solutions during the third quarter worth $2,086,000. Victory Capital Management Inc. boosted its holdings in shares of UL Solutions by 377.1% during the third quarter. Victory Capital Management Inc. now owns 23,540 shares of the company’s stock worth $1,161,000 after purchasing an additional 18,606 shares during the last quarter. Renaissance Capital LLC boosted its holdings in shares of UL Solutions by 108.5% during the fourth quarter. Renaissance Capital LLC now owns 87,609 shares of the company’s stock worth $4,370,000 after purchasing an additional 45,595 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of UL Solutions by 29.3% during the third quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock worth $222,658,000 after purchasing an additional 1,022,851 shares during the last quarter. Finally, Maven Securities LTD acquired a new stake in shares of UL Solutions during the third quarter worth $4,930,000.

About UL Solutions

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.