Karen Pepping Sells 725 Shares of UL Solutions (NYSE:ULS) Stock

UL Solutions Inc. (NYSE:ULS) CAO Karen Pepping sold 725 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $97.74, for a total transaction of $70,861.50. Following the transaction, the chief accounting officer directly owned 8,082 shares in the company, valued at approximately $789,934.68. This trade represents a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

UL Solutions Price Performance

Shares of NYSE ULS opened at $98.68 on Friday. The stock has a market cap of $19.89 billion, a price-to-earnings ratio of 57.71, a PEG ratio of 3.79 and a beta of 0.63. UL Solutions Inc. has a 52 week low of $61.64 and a 52 week high of $107.54. The company’s 50-day moving average price is $94.53 and its 200 day moving average price is $84.71. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 EPS 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 analysts’ expectations of $748.50 million. UL Solutions had a net margin of 11.24% and a return on equity of 30.99%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 EPS. As a group, research analysts forecast that UL Solutions Inc. will post 2.1 earnings per share for the current fiscal year.

UL Solutions Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ULS shares. Citigroup increased their price objective on shares of UL Solutions from $87.80 to $106.40 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Robert W. Baird decreased their price target on shares of UL Solutions from $97.00 to $96.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. UBS Group raised their price target on shares of UL Solutions from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $115.00 price target on shares of UL Solutions in a research note on Wednesday, May 6th. Finally, Wells Fargo & Company raised their price target on shares of UL Solutions from $102.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $101.54.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ULS. Ghisallo Capital Management LLC lifted its holdings in shares of UL Solutions by 1,299.3% during the 4th quarter. Ghisallo Capital Management LLC now owns 1,399,273 shares of the company’s stock worth $110,347,000 after acquiring an additional 1,299,273 shares during the period. Vanguard Group Inc. lifted its holdings in shares of UL Solutions by 21.9% during the 4th quarter. Vanguard Group Inc. now owns 6,740,636 shares of the company’s stock worth $531,567,000 after acquiring an additional 1,213,188 shares during the period. State Street Corp lifted its holdings in shares of UL Solutions by 272.1% during the 4th quarter. State Street Corp now owns 1,460,723 shares of the company’s stock worth $115,193,000 after acquiring an additional 1,068,194 shares during the period. Norges Bank purchased a new position in shares of UL Solutions during the 4th quarter worth about $72,719,000. Finally, Alyeska Investment Group L.P. purchased a new position in shares of UL Solutions during the 4th quarter worth about $69,002,000.

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.