Key Points
- Insider selling: UL Solutions insider Gitte Schjotz sold 9,865 shares on June 3 at an average price of $96.98, worth about $956,708. The sale reduced her holdings by 14.25%.
- Strong quarterly results: The company recently reported EPS of $0.50, beating expectations of $0.42, on revenue of $758 million. Revenue rose 7.5% year over year, and analysts expect full-year EPS of 2.1.
- Dividend and stock outlook: UL Solutions declared a quarterly dividend of $0.145 per share, payable June 8, for an annual yield of about 0.6%. Analysts currently see the stock as a Moderate Buy with an average price target of $101.54.
UL Solutions Inc. (NYSE:ULS - Get Free Report) insider Gitte Schjotz sold 9,865 shares of the company's stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $96.98, for a total transaction of $956,707.70. Following the completion of the transaction, the insider owned 59,341 shares of the company's stock, valued at approximately $5,754,890.18. This trade represents a 14.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Gitte Schjotz also recently made the following trade(s):
- On Tuesday, June 2nd, Gitte Schjotz sold 12,015 shares of UL Solutions stock. The stock was sold at an average price of $99.71, for a total transaction of $1,198,015.65.
- On Thursday, May 7th, Gitte Schjotz sold 8,000 shares of UL Solutions stock. The stock was sold at an average price of $103.96, for a total transaction of $831,680.00.
UL Solutions Stock Up 1.4%
ULS opened at $99.39 on Friday. UL Solutions Inc. has a twelve month low of $61.64 and a twelve month high of $107.54. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $93.20 and a 200 day moving average price of $84.30. The company has a market cap of $20.03 billion, a PE ratio of 58.12, a price-to-earnings-growth ratio of 3.81 and a beta of 0.63.
UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings results 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 net margin of 11.24% and a return on equity of 30.99%. The firm had revenue of $758.00 million during the quarter, compared to the consensus estimate of $748.50 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The company's revenue for the quarter was up 7.5% on a year-over-year basis. Sell-side analysts expect that UL Solutions Inc. will post 2.1 earnings per share for the current fiscal year.
UL Solutions Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Friday, May 29th will be given a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, May 29th. UL Solutions's dividend payout ratio is 33.92%.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the stock. Citigroup upped their price target on shares of UL Solutions from $87.80 to $106.40 and gave the stock a "neutral" rating in a research report on Thursday, May 7th. Wall Street Zen upgraded shares of UL Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. upped their price target on shares of UL Solutions from $88.00 to $108.00 and gave the stock a "neutral" rating in a research report on Thursday, May 7th. Telsey Advisory Group set a $100.00 price target on shares of UL Solutions in a research report on Wednesday, May 6th. Finally, Robert W. Baird cut their price objective on shares of UL Solutions from $97.00 to $96.00 and set an "outperform" rating for the company in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $101.54.
Read Our Latest Stock Analysis on UL Solutions
Institutional Trading of UL Solutions
A number of hedge funds have recently bought and sold shares of ULS. PNC Financial Services Group Inc. boosted its position in shares of UL Solutions by 18.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 864 shares of the company's stock worth $61,000 after purchasing an additional 133 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of UL Solutions by 4.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,541 shares of the company's stock worth $251,000 after purchasing an additional 145 shares during the period. Advisor OS LLC boosted its position in shares of UL Solutions by 4.4% during the 4th quarter. Advisor OS LLC now owns 3,477 shares of the company's stock worth $274,000 after purchasing an additional 147 shares during the period. Cresset Asset Management LLC boosted its position in shares of UL Solutions by 4.0% during the 2nd quarter. Cresset Asset Management LLC now owns 4,174 shares of the company's stock worth $304,000 after purchasing an additional 159 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of UL Solutions by 1.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 15,155 shares of the company's stock worth $1,195,000 after purchasing an additional 194 shares during the period.
About UL Solutions
(
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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