Gitte Schjotz Sells 5,941 Shares of UL Solutions Inc. (NYSE:ULS) Stock

UL Solutions Inc. (NYSE:ULS) insider Gitte Schjotz sold 5,941 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $52.58, for a total transaction of $312,377.78. Following the transaction, the insider now owns 69,191 shares in the company, valued at approximately $3,638,062.78. This trade represents a 7.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

UL Solutions Trading Up 0.2 %

Shares of ULS opened at $51.28 on Friday. UL Solutions Inc. has a 12-month low of $33.15 and a 12-month high of $59.23. 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 company has a 50-day moving average of $52.34 and a two-hundred day moving average of $48.52.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.10. The firm had revenue of $731.00 million during the quarter, compared to the consensus estimate of $709.41 million. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, equities research analysts expect that UL Solutions Inc. will post 1.53 earnings per share for the current fiscal year.

UL Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.50 annualized dividend and a dividend yield of 0.98%.

Analysts Set New Price Targets

A number of brokerages have weighed in on ULS. Wells Fargo & Company lifted their price objective on UL Solutions from $56.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. UBS Group upped their price objective on UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Citigroup initiated coverage on UL Solutions in a report on Monday, October 7th. They issued a “buy” rating and a $60.00 target price for the company. Robert W. Baird upped their price target on shares of UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their price objective on shares of UL Solutions from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, UL Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Institutional Trading of UL Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stone House Investment Management LLC purchased a new position in UL Solutions in the 3rd quarter valued at about $25,000. EverSource Wealth Advisors LLC acquired a new position in shares of UL Solutions in the second quarter valued at approximately $29,000. Northwest & Ethical Investments L.P. purchased a new position in shares of UL Solutions during the third quarter valued at approximately $84,000. Sunbelt Securities Inc. acquired a new stake in UL Solutions during the second quarter worth approximately $72,000. Finally, Daiwa Securities Group Inc. purchased a new stake in UL Solutions in the 2nd quarter worth approximately $84,000.

UL Solutions Company Profile

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.