UL Solutions Inc. (NYSE:ULS) Insider Gitte Schjotz Sells 5,941 Shares

UL Solutions Inc. (NYSE:ULS) insider Gitte Schjotz sold 5,941 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $52.58, for a total value of $312,377.78. Following the completion of the sale, the insider now directly owns 69,191 shares of the company’s stock, valued at $3,638,062.78. The trade was a 7.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

UL Solutions Price Performance

UL Solutions stock opened at $50.80 on Friday. UL Solutions Inc. has a 12 month low of $33.15 and a 12 month high of $59.23. The business’s fifty day simple moving average is $52.34 and its two-hundred day simple moving average is $48.52. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31.

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

UL Solutions Announces Dividend

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

Hedge Funds Weigh In On UL Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ULS. Massachusetts Financial Services Co. MA bought a new stake in shares of UL Solutions in the 2nd quarter worth $96,262,000. American Century Companies Inc. bought a new stake in UL Solutions in the 2nd quarter worth about $68,832,000. AltraVue Capital LLC purchased a new position in UL Solutions in the 2nd quarter worth about $35,050,000. Conestoga Capital Advisors LLC bought a new position in UL Solutions during the 2nd quarter valued at about $29,229,000. Finally, Soros Fund Management LLC boosted its holdings in shares of UL Solutions by 127.4% during 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.

Wall Street Analyst Weigh In

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

About UL Solutions

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.