UL Solutions Inc. (NYSE:ULS) Shares Sold by Blair William & Co. IL

Key Points

• Blair William & Co. IL reduced its holdings in UL Solutions Inc. by 5.2%, selling 40,178 shares and now owning 733,881 shares valued at approximately $41.39 million.
• UL Solutions announced a quarterly dividend of $0.13 per share, resulting in a 0.7% dividend yield and a payout ratio of 31.14%.
• Analysts have raised their price targets for UL Solutions, with Goldman Sachs setting a target of $63 and Wells Fargo increasing it to $77, reflecting positive outlooks for the company's stock.

Blair William & Co. IL lowered its holdings in UL Solutions Inc. (NYSE:ULS - Free Report) by 5.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 733,881 shares of the company's stock after selling 40,178 shares during the quarter. Blair William & Co. IL owned 0.37% of UL Solutions worth $41,391,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Sowell Financial Services LLC acquired a new stake in UL Solutions in the first quarter valued at $227,000. Fifth Third Bancorp grew its holdings in UL Solutions by 75.3% in the first quarter. Fifth Third Bancorp now owns 9,795 shares of the company's stock valued at $552,000 after purchasing an additional 4,206 shares during the last quarter. SG Americas Securities LLC acquired a new stake in UL Solutions in the first quarter valued at $417,000. Vest Financial LLC acquired a new stake in UL Solutions in the first quarter valued at $881,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in UL Solutions in the fourth quarter valued at $332,000.

Insider Transactions at UL Solutions

In other news, EVP Alberto Uggetti sold 1,961 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $70.00, for a total value of $137,270.00. Following the completion of the sale, the executive vice president owned 9,285 shares in the company, valued at approximately $649,950. This trade represents a 17.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gitte Schjotz sold 7,000 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $67.44, for a total value of $472,080.00. Following the completion of the sale, the insider owned 46,889 shares of the company's stock, valued at approximately $3,162,194.16. This trade represents a 12.99% decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

UL Solutions Stock Performance

UL Solutions stock opened at $71.98 on Monday. The stock's 50-day moving average is $71.18 and its 200-day moving average is $61.97. The company has a market cap of $14.43 billion, a price-to-earnings ratio of 43.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.24 and a quick ratio of 1.24. UL Solutions Inc. has a 12 month low of $46.79 and a 12 month high of $74.15.

UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.05. The company had revenue of $705.00 million for the quarter, compared to the consensus estimate of $704.19 million. UL Solutions had a return on equity of 40.79% and a net margin of 11.60%. UL Solutions's revenue for the quarter was up 5.2% on a year-over-year basis. Equities analysts anticipate that UL Solutions Inc. will post 1.69 earnings per share for the current year.

UL Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 30th were paid a $0.13 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.7%. UL Solutions's dividend payout ratio (DPR) is 31.14%.

Wall Street Analysts Forecast Growth

ULS has been the topic of several research reports. The Goldman Sachs Group upped their target price on UL Solutions from $57.00 to $63.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Wells Fargo & Company upped their price objective on UL Solutions from $65.00 to $77.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Citigroup restated a "neutral" rating and issued a $71.00 price objective (up from $60.50) on shares of UL Solutions in a research report on Wednesday, May 14th. Robert W. Baird upped their price objective on UL Solutions from $60.00 to $73.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Finally, Raymond James Financial upped their price objective on UL Solutions from $60.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, UL Solutions has an average rating of "Hold" and an average price target of $69.43.

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.

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