UL Solutions (NYSE:ULS) Insider Gitte Schjotz Sells 9,865 Shares of Stock

UL Solutions Inc. (NYSE:ULS) insider Gitte Schjotz sold 9,865 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $96.98, for a total transaction of $956,707.70. Following the sale, the insider directly owned 59,341 shares in the company, valued at $5,754,890.18. This trade represents a 14.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Gitte Schjotz also recently made the following trade(s):

• On Tuesday, June 2nd, Gitte Schjotz sold 12,015 shares of UL Solutions stock. The shares were sold at an average price of $99.71, for a total transaction of $1,198,015.65.
• On Thursday, May 7th, Gitte Schjotz sold 8,000 shares of UL Solutions stock. The shares were sold at an average price of $103.96, for a total transaction of $831,680.00.

UL Solutions Price Performance

Shares of ULS opened at $99.39 on Friday. The firm has a market capitalization of $20.03 billion, a PE ratio of 58.12, a price-to-earnings-growth ratio of 3.81 and a beta of 0.63. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.16 and a quick ratio of 1.16. UL Solutions Inc. has a 1-year low of $61.64 and a 1-year high of $107.54. The company’s fifty day moving average price is $93.20 and its 200-day moving average price is $84.30.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The firm had revenue of $758.00 million for the quarter, compared to analyst estimates of $748.50 million. UL Solutions had a net margin of 11.24% and a return on equity of 30.99%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 earnings per share. On average, equities research analysts predict that UL Solutions Inc. will post 2.1 EPS for the current year.

UL Solutions Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Bank of America upped their price target on shares of UL Solutions to $86.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Raymond James Financial reaffirmed an “outperform” rating and issued a $115.00 price target on shares of UL Solutions in a report on Wednesday, May 6th. BNP Paribas Exane assumed coverage on shares of UL Solutions in a report on Monday, April 20th. They issued a “neutral” rating and a $95.00 price target on the stock. UBS Group upped their price target on shares of UL Solutions from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of UL Solutions from $88.00 to $108.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. One investment 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 stock. Based on data from MarketBeat, UL Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $101.54.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Parallel Advisors LLC raised its position in shares of UL Solutions by 349.3% in the first quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock worth $26,000 after acquiring an additional 234 shares during the period. Assetmark Inc. acquired a new position in shares of UL Solutions in the third quarter worth about $40,000. Northwestern Mutual Wealth Management Co. raised its position in shares of UL Solutions by 3,070.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock worth $46,000 after acquiring an additional 614 shares during the period. Rhumbline Advisers acquired a new position in shares of UL Solutions in the first quarter worth about $49,000. Finally, PNC Financial Services Group Inc. raised its position in shares of UL Solutions by 18.2% in the third quarter. PNC Financial Services Group Inc. now owns 864 shares of the company’s stock worth $61,000 after acquiring an additional 133 shares during the period.

About UL Solutions

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.