Key Points
- CEO Jennifer Scanlon sold 12,500 UL Solutions shares at an average price of $70.08, generating $876,000. Her remaining direct ownership fell 8.98% to 126,724 shares.
- UL Solutions recently exceeded quarterly expectations, reporting $0.59 EPS versus a $0.56 consensus and $816 million in revenue, up 5.2% year over year.
- Analyst sentiment remains positive but has softened, with a consensus “Moderate Buy” rating and an average price target of $95.78; the stock recently traded near $70, well below its 12-month high of $107.54.
UL Solutions Inc. (NYSE:ULS - Get Free Report) CEO Jennifer Scanlon sold 12,500 shares of the company's stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $70.08, for a total value of $876,000.00. Following the transaction, the chief executive officer directly owned 126,724 shares in the company, valued at approximately $8,880,817.92. The trade was a 8.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.
UL Solutions Stock Performance
Shares of ULS opened at $70.00 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The firm has a market cap of $14.13 billion, a PE ratio of 28.34, a P/E/G ratio of 2.93 and a beta of 0.72. UL Solutions Inc. has a 12 month low of $63.17 and a 12 month high of $107.54. The stock has a fifty day moving average price of $72.13 and a 200-day moving average price of $85.46.
UL Solutions (NYSE:ULS - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.03. UL Solutions had a return on equity of 28.81% and a net margin of 16.02%. The firm had revenue of $816.00 million for the quarter, compared to the consensus estimate of $813.62 million. During the same period in the previous year, the business earned $0.52 EPS. The firm's revenue for the quarter was up 5.2% on a year-over-year basis. Equities research analysts predict that UL Solutions Inc. will post 2.08 earnings per share for the current fiscal year.
UL Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 31st were issued a $0.1450 dividend. This represents a $0.58 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 31st. UL Solutions's dividend payout ratio (DPR) is currently 23.48%.
Analyst Ratings Changes
Several equities analysts have recently issued reports on ULS shares. Wall Street Zen downgraded shares of UL Solutions from a "buy" rating to a "hold" rating in a report on Saturday, July 25th. Wells Fargo & Company dropped their target price on shares of UL Solutions from $120.00 to $104.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 5th. Robert W. Baird cut their price target on shares of UL Solutions from $95.00 to $85.00 and set an "outperform" rating on the stock in a research note on Thursday, September 24th. Zacks Research cut shares of UL Solutions from a "strong-buy" rating to a "hold" rating in a report on Monday, July 6th. Finally, Weiss Ratings downgraded shares of UL Solutions from a "buy (b)" rating to a "buy (b-)" rating in a research note on Monday, September 21st. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, UL Solutions has a consensus rating of "Moderate Buy" and an average target price of $95.78.
Read Our Latest Report on UL Solutions
Institutional Trading of UL Solutions
Several large investors have recently made changes to their positions in the business. Reynders McVeigh Capital Management LLC lifted its position in shares of UL Solutions by 3.8% during the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 608,136 shares of the company's stock valued at $61,945,000 after buying an additional 22,028 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in UL Solutions in the 2nd quarter valued at $2,428,000. Electron Capital Partners LLC increased its holdings in UL Solutions by 8.8% in the 4th quarter. Electron Capital Partners LLC now owns 855,439 shares of the company's stock worth $67,460,000 after acquiring an additional 69,116 shares in the last quarter. Senator Investment Group LP raised its position in UL Solutions by 9.1% during the fourth quarter. Senator Investment Group LP now owns 300,000 shares of the company's stock worth $23,658,000 after acquiring an additional 25,000 shares during the period. Finally, Bank of America Corp DE raised its position in UL Solutions by 68.2% during the first quarter. Bank of America Corp DE now owns 113,623 shares of the company's stock worth $9,739,000 after acquiring an additional 46,071 shares during the period.
UL Solutions Company Profile
(
Get Free Report)
UL Solutions Inc (NYSE: ULS) is a global applied safety science company that helps organizations assess and manage safety, security, sustainability and performance risks. The company provides testing, inspection and certification services, along with advisory and software solutions, for products, facilities, systems and supply chains.
Its services support a broad range of industries, including consumer products, industrial equipment, energy, mobility, information technology and the built environment.
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