UL Solutions (NYSE:ULS) CEO Jennifer Scanlon Sells 12,500 Shares

UL Solutions Inc. (NYSE:ULS) CEO Jennifer Scanlon sold 12,500 shares of UL Solutions stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $99.22, for a total value of $1,240,250.00. Following the completion of the transaction, the chief executive officer owned 164,224 shares of the company’s stock, valued at approximately $16,294,305.28. This trade represents a 7.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

UL Solutions Price Performance

Shares of NYSE ULS opened at $97.12 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market cap of $19.58 billion, a price-to-earnings ratio of 56.80, a price-to-earnings-growth ratio of 3.80 and a beta of 0.63. The stock’s 50-day moving average is $97.04 and its two-hundred day moving average is $85.99. UL Solutions Inc. has a 1-year low of $61.64 and a 1-year high of $107.54.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.08. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The business had revenue of $758.00 million during the quarter, compared to analysts’ expectations of $748.50 million. During the same quarter last year, the business posted $0.37 EPS. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Analysts forecast that UL Solutions Inc. will post 2.1 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 29th were issued a dividend of $0.145 per share. This represents a $0.58 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, May 29th. UL Solutions’s payout ratio is 33.92%.

Analyst Upgrades and Downgrades

Several research firms recently commented on ULS. Wall Street Zen raised UL Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Wells Fargo & Company upped their price objective on UL Solutions from $102.00 to $120.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Weiss Ratings upgraded UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 8th. Telsey Advisory Group set a $100.00 target price on UL Solutions in a research report on Wednesday, May 6th. Finally, UBS Group boosted their target price on UL Solutions from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $101.54.

Institutional Trading of UL Solutions

Large investors have recently made changes to their positions in the company. Pacer Advisors Inc. grew its stake in UL Solutions by 4.8% during the 1st quarter. Pacer Advisors Inc. now owns 9,503 shares of the company’s stock worth $815,000 after buying an additional 437 shares during the last quarter. Parallel Advisors LLC lifted its stake in UL Solutions by 349.3% in the first quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock valued at $26,000 after buying an additional 234 shares during the last quarter. Argent Capital Management LLC boosted its holdings in shares of UL Solutions by 53.9% in the first quarter. Argent Capital Management LLC now owns 76,644 shares of the company’s stock valued at $6,569,000 after acquiring an additional 26,828 shares during the period. CTC Alternative Strategies Ltd. acquired a new stake in shares of UL Solutions in the first quarter valued at approximately $300,000. Finally, Bank of America Corp DE grew its position in shares of 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 last quarter.

UL Solutions Company Profile

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.