Alberto Uggetti Sells 1,938 Shares of UL Solutions Inc. (NYSE:ULS) Stock

UL Solutions Inc. (NYSE:ULS) EVP Alberto Uggetti sold 1,938 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $53.00, for a total value of $102,714.00. Following the completion of the transaction, the executive vice president now owns 9,285 shares in the company, valued at $492,105. This represents a 17.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

UL Solutions Stock Up 0.5 %

UL Solutions stock opened at $50.59 on Thursday. UL Solutions Inc. has a twelve month low of $33.15 and a twelve month high of $59.23. The stock’s fifty day simple moving average is $52.86 and its 200-day simple moving average is $51.98. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $10.13 billion and a P/E ratio of 31.23.

UL Solutions (NYSE:ULS) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.11. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The business had revenue of $739.00 million for the quarter, compared to analyst estimates of $726.54 million. As a group, equities analysts expect that UL Solutions Inc. will post 1.69 earnings per share for the current fiscal year.

UL Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 28th were given a dividend of $0.13 per share. The ex-dividend date was Friday, February 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.03%. This is a positive change from UL Solutions’s previous quarterly dividend of $0.13. UL Solutions’s dividend payout ratio is currently 32.10%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ULS. The Goldman Sachs Group upped their price objective on UL Solutions from $51.00 to $57.00 and gave the company a “neutral” rating in a report on Friday, February 21st. JPMorgan Chase & Co. boosted their target price on UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a research report on Friday, February 21st. Finally, Citigroup boosted their target price on UL Solutions from $60.00 to $60.50 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.45.

Institutional Trading of UL Solutions

A number of large investors have recently modified their holdings of ULS. Northwest & Ethical Investments L.P. increased its holdings in UL Solutions by 23.5% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company’s stock valued at $105,000 after buying an additional 400 shares during the last quarter. Stifel Financial Corp increased its holdings in UL Solutions by 1.6% in the third quarter. Stifel Financial Corp now owns 30,500 shares of the company’s stock valued at $1,504,000 after buying an additional 485 shares during the last quarter. Stone House Investment Management LLC purchased a new position in UL Solutions in the third quarter valued at $25,000. PNC Financial Services Group Inc. increased its holdings in UL Solutions by 653.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock valued at $33,000 after buying an additional 582 shares during the last quarter. Finally, Quarry LP purchased a new position in UL Solutions in the fourth quarter valued at $32,000.

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.