UL Solutions Inc. (NYSE:ULS – Get Free Report) CAO Karen Pepping sold 725 shares of the firm’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 completion of the sale, the chief accounting officer owned 8,082 shares of the company’s stock, valued at $789,934.68. The trade was a 8.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
UL Solutions Trading Down 0.8%
NYSE:ULS opened at $97.77 on Thursday. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $19.71 billion, a price-to-earnings ratio of 57.17, a PEG ratio of 3.83 and a beta of 0.63. The firm has a fifty day simple moving average of $94.28 and a two-hundred day simple moving average of $84.62. UL Solutions Inc. has a 12 month low of $61.64 and a 12 month high of $107.54.
UL Solutions (NYSE:ULS – Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.08. The firm had revenue of $758.00 million during 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 business’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $0.37 earnings per share. Analysts expect that UL Solutions Inc. will post 2.1 EPS for the current fiscal year.
UL Solutions Dividend Announcement
Institutional Trading of UL Solutions
Hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC raised its position in 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. bought a new stake in UL Solutions in the third quarter worth about $40,000. Northwestern Mutual Wealth Management Co. raised its position in 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 bought a new stake in UL Solutions in the first quarter worth about $49,000. Finally, PNC Financial Services Group Inc. raised its position in 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.
Wall Street Analyst Weigh In
Several research firms recently weighed in on ULS. Raymond James Financial restated an “outperform” rating and set a $115.00 price target on shares of UL Solutions in a report on Wednesday, May 6th. BNP Paribas Exane began coverage on shares of UL Solutions in a report on Monday, April 20th. They set a “neutral” rating and a $95.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of UL Solutions from $88.00 to $108.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. UBS Group boosted their price target on shares of UL Solutions from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Citigroup boosted their price target on shares of UL Solutions from $87.80 to $106.40 and gave the stock a “neutral” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, UL Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $101.54.
Read Our Latest Stock Analysis on UL Solutions
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.
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