UL Solutions Inc. (NYSE:ULS) EVP Alberto Uggetti Sells 1,961 Shares

UL Solutions Inc. (NYSE:ULS) EVP Alberto Uggetti sold 1,961 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $70.00, for a total transaction of $137,270.00. Following the transaction, the executive vice president now directly owns 9,285 shares in the company, valued at $649,950. The trade was a 17.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Alberto Uggetti also recently made the following trade(s):

• On Friday, March 7th, Alberto Uggetti sold 1,938 shares of UL Solutions stock. The stock was sold at an average price of $53.00, for a total value of $102,714.00.

UL Solutions Price Performance

NYSE:ULS opened at $70.09 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market cap of $14.03 billion and a P/E ratio of 43.27. The company has a fifty day moving average price of $56.12 and a 200 day moving average price of $53.67. UL Solutions Inc. has a one year low of $36.50 and a one year high of $71.89.

UL Solutions (NYSE:ULS) last released its earnings results on Tuesday, May 6th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.05. UL Solutions had a net margin of 11.36% and a return on equity of 44.52%. The business had revenue of $705.00 million during the quarter, compared to analysts’ expectations of $704.19 million. The business’s revenue was up 5.2% on a year-over-year basis. Analysts anticipate that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 28th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s dividend payout ratio (DPR) is presently 31.14%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ULS shares. The Goldman Sachs Group raised their price objective on UL Solutions from $57.00 to $63.00 and gave the company a “neutral” rating in a research note on Wednesday. Raymond James lifted their price target on shares of UL Solutions from $60.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday. UBS Group upped their price objective on shares of UL Solutions from $58.00 to $72.00 and gave the stock a “neutral” rating in a report on Wednesday. Citigroup lifted their target price on shares of UL Solutions from $60.00 to $60.50 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Finally, Robert W. Baird upped their price target on shares of UL Solutions from $60.00 to $73.00 and gave the company a “neutral” rating in a report on Wednesday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.93.

Institutional Trading of UL Solutions

A number of institutional investors and hedge funds have recently modified their holdings of ULS. Capital International Investors boosted its stake in UL Solutions by 7.4% during the fourth quarter. Capital International Investors now owns 11,691,957 shares of the company’s stock worth $583,324,000 after buying an additional 809,779 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of UL Solutions by 7.8% during the 4th quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company’s stock valued at $278,016,000 after acquiring an additional 401,492 shares in the last quarter. JPMorgan Chase & Co. increased its stake in UL Solutions by 29.3% in the third quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company’s stock valued at $222,658,000 after acquiring an additional 1,022,851 shares during the period. T. Rowe Price Investment Management Inc. raised its position in UL Solutions by 88.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,224,709 shares of the company’s stock worth $210,729,000 after purchasing an additional 1,987,295 shares in the last quarter. Finally, FMR LLC lifted its stake in UL Solutions by 17.2% during the fourth quarter. FMR LLC now owns 4,178,072 shares of the company’s stock worth $208,402,000 after purchasing an additional 612,834 shares during the period.

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.