Key Points
- UL Solutions director Friedrich Hecker sold 4,000 shares on May 21 at an average price of $102.04, totaling $408,160. After the sale, he still held 13,180 shares, a 23.28% reduction in his position.
- The stock traded slightly higher, opening at $102.87 and up 0.5% in Friday trading, near its 52-week high of $107.54.
- UL Solutions recently posted stronger-than-expected quarterly results, with EPS of $0.50 versus the $0.42 consensus and revenue of $758 million, while also announcing a quarterly dividend of $0.145 per share.
UL Solutions Inc. (NYSE:ULS - Get Free Report) Director Friedrich Hecker sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $102.04, for a total value of $408,160.00. Following the completion of the sale, the director owned 13,180 shares of the company's stock, valued at approximately $1,344,887.20. This trade represents a 23.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
UL Solutions Trading Up 0.5%
NYSE ULS opened at $102.87 on Friday. UL Solutions Inc. has a fifty-two week low of $61.64 and a fifty-two week high of $107.54. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.16. The stock has a 50 day simple moving average of $90.49 and a two-hundred day simple moving average of $83.41. The stock has a market cap of $20.73 billion, a P/E ratio of 60.16, a price-to-earnings-growth ratio of 3.98 and a beta of 0.59.
UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.08. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The business had revenue of $758.00 million during the quarter, compared to analysts' expectations of $748.50 million. During the same quarter last year, the business posted $0.37 EPS. The business's revenue was up 7.5% on a year-over-year basis. On average, analysts forecast that UL Solutions Inc. will post 2.1 earnings per share for the current year.
UL Solutions Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Friday, May 29th will be issued a $0.145 dividend. The ex-dividend date is Friday, May 29th. This represents a $0.58 annualized dividend and a yield of 0.6%. UL Solutions's dividend payout ratio (DPR) is 33.92%.
Analyst Ratings Changes
Several equities research analysts have weighed in on ULS shares. Citigroup increased their price objective on UL Solutions from $87.80 to $106.40 and gave the stock a "neutral" rating in a report on Thursday, May 7th. Telsey Advisory Group set a $100.00 price objective on UL Solutions in a report on Wednesday, May 6th. BNP Paribas Exane assumed coverage on UL Solutions in a report on Monday, April 20th. They issued a "neutral" rating and a $95.00 price objective for the company. Weiss Ratings upgraded UL Solutions from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, May 8th. Finally, Raymond James Financial restated an "outperform" rating and issued a $115.00 target price on shares of UL Solutions in a research note on Wednesday, May 6th. 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. According to MarketBeat, UL Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $101.54.
Get Our Latest Analysis on UL Solutions
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Capital International Investors raised its stake in UL Solutions by 6.6% during the fourth quarter. Capital International Investors now owns 8,043,735 shares of the company's stock valued at $634,616,000 after buying an additional 495,424 shares during the last quarter. Vanguard Group Inc. raised its stake in UL Solutions by 21.9% during the fourth quarter. Vanguard Group Inc. now owns 6,740,636 shares of the company's stock valued at $531,567,000 after buying an additional 1,213,188 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in UL Solutions by 10.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,878,995 shares of the company's stock valued at $463,618,000 after buying an additional 545,528 shares during the last quarter. Capital Research Global Investors raised its stake in UL Solutions by 20.6% during the third quarter. Capital Research Global Investors now owns 3,942,905 shares of the company's stock valued at $279,394,000 after buying an additional 674,088 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in UL Solutions by 1.8% during the fourth quarter. Janus Henderson Group PLC now owns 3,024,820 shares of the company's stock valued at $238,538,000 after buying an additional 54,910 shares during the last quarter.
UL Solutions Company Profile
(
Get Free Report)
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.
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