Key Points
- CEO Jennifer Scanlon sold 12,500 UL Solutions shares at an average price of $92.08, generating approximately $1.15 million and reducing her stake by 7.61% to 151,724 shares.
- UL Solutions reported stronger-than-expected quarterly results, with EPS of $0.59 versus the $0.56 consensus and revenue of $816 million versus $813.62 million; revenue rose 5.2% year over year.
- Analyst sentiment remains moderately positive, with a “Moderate Buy” consensus and an average price target of $96.78, although several firms recently lowered their targets.
UL Solutions Inc. (NYSE:ULS - Get Free Report) CEO Jennifer Scanlon sold 12,500 shares of the business's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $92.08, for a total transaction of $1,151,000.00. Following the transaction, the chief executive officer owned 151,724 shares of the company's stock, valued at approximately $13,970,745.92. The trade was a 7.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
UL Solutions Stock Performance
NYSE:ULS opened at $79.00 on Thursday. UL Solutions Inc. has a 12 month low of $61.64 and a 12 month high of $107.54. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.42 and a quick ratio of 1.16. The firm has a market capitalization of $15.92 billion, a PE ratio of 31.99, a price-to-earnings-growth ratio of 3.01 and a beta of 0.71. The business's fifty day moving average price is $92.51 and its 200 day moving average price is $87.36.
UL Solutions (NYSE:ULS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.56 by $0.03. The company had revenue of $816.00 million during the quarter, compared to the consensus estimate of $813.62 million. UL Solutions had a return on equity of 28.81% and a net margin of 16.02%.UL Solutions's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS. On average, sell-side analysts anticipate that UL Solutions Inc. will post 2.13 earnings per share for the current fiscal year.
UL Solutions Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 29th were paid a dividend of $0.145 per share. The ex-dividend date was Friday, May 29th. This represents a $0.58 annualized dividend and a yield of 0.7%. UL Solutions's payout ratio is presently 23.48%.
Key UL Solutions News
Here are the key news stories impacting UL Solutions this week:
- Positive Sentiment: UL Solutions reported second-quarter EPS of $0.59, exceeding the $0.56 analyst consensus, while revenue of $816 million also topped expectations of $813.62 million. Revenue increased 5.2% year over year, and EPS rose from $0.52 in the prior-year quarter. UL Solutions Second-Quarter Earnings Report
- Positive Sentiment: Analyst support remains constructive: Wells Fargo lowered its target to $104 from $120 but retained an “overweight” rating, while UBS cut its target to $96 from $110 and maintained a “buy” rating. Both revised targets imply substantial upside from recent trading levels. Wells Fargo Price Target Update UBS Price Target Update
- Neutral Sentiment: The broader analyst consensus target was reported at $101.54, suggesting expectations for further appreciation, although the recent target reductions indicate analysts are moderating their outlook after the earnings report. Analyst Consensus Price Target
- Negative Sentiment: CEO Jennifer F. Scanlon sold 12,500 shares for approximately $1.15 million, reducing her ownership by 7.61%. The transaction may weigh modestly on sentiment, though she continues to hold approximately 151,724 shares. SEC Insider Trading Filing
Analyst Ratings Changes
Several equities analysts have commented on ULS shares. BNP Paribas Exane began coverage on shares of UL Solutions in a research note on Monday, April 20th. They issued a "neutral" rating and a $95.00 price target on the stock. The Goldman Sachs Group set a $86.00 price objective on shares of UL Solutions in a research report on Wednesday. Telsey Advisory Group set a $100.00 target price on shares of UL Solutions in a report on Wednesday, May 6th. Citigroup dropped their target price on shares of UL Solutions from $106.40 to $82.80 and set a "neutral" rating on the stock in a research report on Wednesday. Finally, Robert W. Baird set a $95.00 price target on shares of UL Solutions in a research note on Wednesday. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $96.78.
View Our Latest Report on UL Solutions
Institutional Investors Weigh In On UL Solutions
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of UL Solutions by 119.5% in the 1st quarter. Royal Bank of Canada now owns 143,431 shares of the company's stock valued at $8,090,000 after acquiring an additional 78,081 shares during the period. Goldman Sachs Group Inc. boosted its stake in UL Solutions by 104.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 460,160 shares of the company's stock worth $25,953,000 after purchasing an additional 234,913 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in UL Solutions by 11.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 123,771 shares of the company's stock worth $6,981,000 after purchasing an additional 13,205 shares during the period. Rhumbline Advisers purchased a new position in UL Solutions during the 1st quarter worth $49,000. Finally, Creative Planning purchased a new position in UL Solutions during the 2nd quarter worth $208,000.
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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