UL Solutions Inc. (NYSE:ULS) Major Shareholder Sells $147,000,000.00 in Stock

UL Solutions Inc. (NYSE:ULS) major shareholder Ulse Inc. sold 3,000,000 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $49.00, for a total value of $147,000,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Ulse Inc. also recently made the following trade(s):

• On Monday, September 9th, Ulse Inc. sold 20,000,000 shares of UL Solutions stock. The stock was sold at an average price of $49.00, for a total transaction of $980,000,000.00.

UL Solutions Trading Up 0.1 %

ULS opened at $49.50 on Friday. The stock has a fifty day moving average price of $50.10. UL Solutions Inc. has a twelve month low of $33.15 and a twelve month high of $56.28. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.00.

UL Solutions (NYSE:ULS) last announced its earnings results on Wednesday, July 31st. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.38 by $0.06. The company had revenue of $730.00 million for the quarter, compared to analyst estimates of $718.73 million. The business’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities analysts expect that UL Solutions Inc. will post 1.46 earnings per share for the current year.

UL Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 30th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Friday, August 30th.

Hedge Funds Weigh In On UL Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. EverSource Wealth Advisors LLC acquired a new position in shares of UL Solutions in the second quarter valued at approximately $29,000. Sunbelt Securities Inc. bought a new stake in UL Solutions in the 2nd quarter valued at $72,000. Daiwa Securities Group Inc. acquired a new position in UL Solutions in the 2nd quarter valued at $84,000. TFC Financial Management Inc. bought a new position in UL Solutions during the 2nd quarter worth $88,000. Finally, Bellecapital International Ltd. acquired a new stake in shares of UL Solutions during the second quarter worth $208,000.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wells Fargo & Company boosted their price target on UL Solutions from $43.00 to $56.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Baird R W lowered shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 12th. Robert W. Baird lifted their price objective on shares of UL Solutions from $46.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group raised their target price on UL Solutions from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.90.

About UL Solutions

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.