Key Points
- CEO Jennifer Scanlon sold 12,500 UL Solutions shares at an average price of $73.66, generating $920,750. Her remaining direct stake is 139,224 shares, an 8.24% reduction.
- UL Solutions reported quarterly EPS of $0.59, beating estimates by $0.03, while revenue rose 5.2% year over year to $816 million.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $96.78, despite several recent target-price cuts and rating downgrades. The company also declared a quarterly dividend of $0.145 per share.
UL Solutions Inc. (NYSE:ULS - Get Free Report) CEO Jennifer Scanlon sold 12,500 shares of the firm's stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $73.66, for a total transaction of $920,750.00. Following the completion of the transaction, the chief executive officer directly owned 139,224 shares in the company, valued at approximately $10,255,239.84. The trade was a 8.24% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
UL Solutions Stock Performance
Shares of ULS opened at $74.56 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a 50 day moving average price of $83.97 and a two-hundred day moving average price of $87.92. The firm has a market capitalization of $15.05 billion, a P/E ratio of 30.19, a P/E/G ratio of 3.08 and a beta of 0.63. UL Solutions Inc. has a 52 week low of $61.64 and a 52 week high of $107.54.
UL Solutions (NYSE:ULS - Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.03. The company had revenue of $816.00 million for the quarter, compared to analyst estimates of $813.62 million. UL Solutions had a return on equity of 28.81% and a net margin of 16.02%.The company's revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $0.52 earnings per share. Equities analysts forecast that UL Solutions Inc. will post 2.08 earnings per share for the current fiscal year.
UL Solutions Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 31st will be given a $0.145 dividend. This represents a $0.58 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, August 31st. UL Solutions's dividend payout ratio is presently 23.48%.
Analyst Upgrades and Downgrades
ULS has been the topic of a number of analyst reports. Wall Street Zen downgraded shares of UL Solutions from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Citigroup lowered their target price on shares of UL Solutions from $106.40 to $82.80 and set a "neutral" rating for the company in a report on Wednesday, August 5th. Zacks Research lowered shares of UL Solutions from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 6th. UBS Group cut their price target on shares of UL Solutions from $110.00 to $96.00 and set a "buy" rating on the stock in a report on Wednesday, August 5th. Finally, Robert W. Baird set a $95.00 price objective on shares of UL Solutions in a research report on Wednesday, August 5th. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, UL Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $96.78.
Read Our Latest Stock Analysis on UL Solutions
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. California State Teachers Retirement System boosted its position in UL Solutions by 10,220.7% in the second quarter. California State Teachers Retirement System now owns 8,703,631 shares of the company's stock worth $886,552,000 after purchasing an additional 8,619,299 shares during the last quarter. Capital International Investors increased its position in shares of UL Solutions by 6.6% during the 4th quarter. Capital International Investors now owns 8,043,735 shares of the company's stock valued at $634,616,000 after purchasing an additional 495,424 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in shares of UL Solutions by 10.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,878,995 shares of the company's stock worth $463,618,000 after purchasing an additional 545,528 shares during the period. Janus Henderson Group PLC raised its stake in shares of UL Solutions by 1.8% during the 4th quarter. Janus Henderson Group PLC now owns 3,024,820 shares of the company's stock worth $238,538,000 after purchasing an additional 54,910 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of UL Solutions by 2.0% in the 1st quarter. Bessemer Group Inc. now owns 2,265,772 shares of the company's stock worth $194,199,000 after buying an additional 44,103 shares during the last quarter.
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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