UL Solutions Inc. (NYSE:ULS - Get Free Report) CEO Jennifer Scanlon sold 12,500 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $75.03, for a total value of $937,875.00. Following the transaction, the chief executive officer owned 114,224 shares of the company's stock, valued at approximately $8,570,226.72. The trade was a 9.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.
UL Solutions Stock Down 0.8%
Shares of UL Solutions stock opened at $79.73 on Thursday. The firm has a market cap of $16.10 billion, a PE ratio of 31.76, a P/E/G ratio of 3.33 and a beta of 0.62. The business's 50 day simple moving average is $70.93 and its 200 day simple moving average is $82.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.42 and a current ratio of 2.09. UL Solutions Inc. has a 52-week low of $63.17 and a 52-week high of $107.54.
UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $0.62 earnings per share for the quarter, hitting analysts' consensus estimates of $0.62. The firm had revenue of $823.00 million during the quarter, compared to the consensus estimate of $815.72 million. UL Solutions had a return on equity of 26.65% and a net margin of 16.07%. The business's revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 EPS. On average, analysts predict that UL Solutions Inc. will post 2.09 earnings per share for the current fiscal year.
UL Solutions Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Monday, August 31st were given a $0.1450 dividend. This represents a $0.58 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, August 31st. UL Solutions's payout ratio is currently 23.48%.
UL Solutions News Roundup
Here are the key news stories impacting UL Solutions this week:
- Positive Sentiment: Q3 revenue rose 5.1% year over year to $823 million, topping estimates of about $816 million. EPS was $0.62, up from $0.56 a year earlier and in line with the $0.62 consensus cited in one report. Coverage also highlighted stronger margins, certification demand and raised guidance. Q3 earnings report
- Positive Sentiment: Wells Fargo raised its price target to $105 and maintained an Overweight rating, signaling substantial potential upside in its view. Wells Fargo recommendations
- Neutral Sentiment: Citigroup lowered its target to $81.40 and kept a Neutral rating, reflecting a more cautious view of near-term upside. Citigroup recommendations
- Negative Sentiment: CEO Jennifer Scanlon sold 12,500 shares for about $938,000, reducing her direct stake by 9.86%. Insider sales can weigh on sentiment, though the filing alone does not explain the reason for the sale. SEC Form 4 filing
- Negative Sentiment: A valuation-focused analysis argued ULS could be trading above fair value, which may limit enthusiasm even after the quarterly performance. UL Solutions valuation analysis
Institutional Investors Weigh In On UL Solutions
Institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of UL Solutions in the 2nd quarter valued at approximately $2,428,000. Reynders McVeigh Capital Management LLC increased its holdings in UL Solutions by 3.8% during the second quarter. Reynders McVeigh Capital Management LLC now owns 608,136 shares of the company's stock worth $61,945,000 after buying an additional 22,028 shares during the last quarter. Bank of America Corp DE increased its holdings 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 buying an additional 46,071 shares during the last quarter. Bessemer Group Inc. increased its holdings in UL Solutions by 2.0% during the first 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. Finally, Ranger Investment Management L.P. increased its holdings in UL Solutions by 8.5% during the first quarter. Ranger Investment Management L.P. now owns 446,930 shares of the company's stock worth $38,306,000 after buying an additional 35,096 shares during the last quarter.
Analysts Set New Price Targets
Several research analysts recently commented on the stock. UBS Group increased their target price on shares of UL Solutions from $96.00 to $97.00 and gave the stock a "buy" rating in a report on Monday, October 12th. Wall Street Zen lowered shares of UL Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, July 25th. The Goldman Sachs Group set a $86.00 price target on shares of UL Solutions in a research report on Wednesday, August 5th. Robert W. Baird reduced their price objective on shares of UL Solutions from $95.00 to $85.00 and set an "outperform" rating for the company in a research note on Thursday, September 24th. Finally, William Blair restated an "outperform" rating on shares of UL Solutions in a report on Monday, September 21st. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $95.84.
View Our Latest Report on ULS
About UL Solutions
(
Get Free Report)
UL Solutions Inc (NYSE: ULS) is a global applied safety science company that provides testing, inspection, certification, and advisory services. The company helps manufacturers, retailers, regulators, and other organizations evaluate the safety, security, performance, quality, and sustainability of products, facilities, and systems.
Its services cover a broad range of industries, including consumer products, industrial equipment, energy, mobility, information technology, and the built environment.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
