Insider Selling: UL Solutions Inc. (NYSE:ULS) Insider Sells 5,941 Shares of Stock

UL Solutions Inc. (NYSE:ULS) insider Gitte Schjotz sold 5,941 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $52.58, for a total transaction of $312,377.78. Following the completion of the transaction, the insider now owns 69,191 shares in the company, valued at approximately $3,638,062.78. This represents a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

UL Solutions Stock Performance

UL Solutions stock traded down $1.13 during trading hours on Wednesday, reaching $51.18. 692,908 shares of the stock were exchanged, compared to its average volume of 732,287. The stock has a 50 day moving average of $52.31 and a two-hundred day moving average of $48.50. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. UL Solutions Inc. has a twelve month low of $33.15 and a twelve month high of $59.23.

UL Solutions (NYSE:ULS) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.39 by $0.10. The business had revenue of $731.00 million during the quarter, compared to the consensus estimate of $709.41 million. UL Solutions had a net margin of 10.76% and a return on equity of 40.88%. UL Solutions’s quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts expect that UL Solutions Inc. will post 1.53 EPS for the current fiscal year.

UL Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Friday, November 29th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.98%. The ex-dividend date was Friday, November 29th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA acquired a new stake in shares of UL Solutions in the 2nd quarter valued at approximately $96,262,000. American Century Companies Inc. acquired a new stake in UL Solutions in the second quarter valued at approximately $68,832,000. AltraVue Capital LLC bought a new stake in shares of UL Solutions during the second quarter worth $35,050,000. Conestoga Capital Advisors LLC acquired a new position in shares of UL Solutions during the second quarter worth $29,229,000. Finally, Soros Fund Management LLC lifted its stake in shares of UL Solutions by 127.4% in the 3rd quarter. Soros Fund Management LLC now owns 1,137,077 shares of the company’s stock valued at $56,058,000 after acquiring an additional 637,077 shares during the last quarter.

Analyst Ratings Changes

Several analysts recently commented on the stock. UBS Group lifted their target price on shares of UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Citigroup started coverage on UL Solutions in a report on Monday, October 7th. They set a “buy” rating and a $60.00 price objective for the company. Wells Fargo & Company upped their target price on UL Solutions from $56.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group lifted their price target on UL Solutions from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Robert W. Baird upped their price objective on UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.00.

UL Solutions Company Profile

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.