UL Solutions (NYSE:ULS) CEO Sells $937,875.00 in Stock

Key Points

• UL Solutions CEO Jennifer Scanlon sold 12,500 shares for $937,875 at an average price of $75.03, reducing her stake by 9.86% to 114,224 shares.
• The company reported quarterly EPS of $0.62, matching estimates, while revenue of $823 million exceeded forecasts and grew 5.1% year over year.
• Analysts’ average rating is “Moderate Buy,” with an average price target of $95.84; recent targets include Wells Fargo’s $105 and Citigroup’s $81.40.

UL Solutions Inc. (NYSE:ULS - Get Free Report) CEO Jennifer Scanlon sold 12,500 shares of UL Solutions stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $75.03, for a total transaction of $937,875.00. Following the completion of the sale, the chief executive officer owned 114,224 shares in the company, valued at approximately $8,570,226.72. This represents a 9.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

UL Solutions Stock Performance

UL Solutions stock traded down $0.67 during midday trading on Wednesday, reaching $79.73. 1,406,019 shares of the stock traded hands, compared to its average volume of 943,699. UL Solutions Inc. has a fifty-two week low of $63.17 and a fifty-two week high of $107.54. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.19. The firm has a market cap of $16.10 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 3.11 and a beta of 0.62. The firm has a fifty day moving average price of $70.82 and a two-hundred day moving average price of $82.48.

UL Solutions (NYSE:ULS - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.62 EPS for the quarter, meeting the consensus estimate of $0.62. UL Solutions had a net margin of 16.02% and a return on equity of 28.81%. The company had revenue of $823.00 million for the quarter, compared to analyst estimates of $815.72 million. During the same quarter last year, the business earned $0.56 earnings per share. UL Solutions's revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts forecast that UL Solutions Inc. will post 2.09 earnings per share for the current year.

UL Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 31st were paid a dividend of $0.1450 per share. The ex-dividend date of this dividend was Monday, August 31st. This represents a $0.58 annualized dividend and a yield of 0.7%. UL Solutions's dividend payout ratio (DPR) is presently 23.48%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ULS shares. Wells Fargo & Company increased their price objective on shares of UL Solutions from $104.00 to $105.00 and gave the company an "overweight" rating in a report on Wednesday. William Blair reiterated an "outperform" rating on shares of UL Solutions in a research note on Monday, September 21st. Weiss Ratings cut UL Solutions from a "buy (b)" rating to a "buy (b-)" rating in a report on Monday, September 21st. Citigroup cut their target price on UL Solutions from $82.80 to $81.40 and set a "neutral" rating for the company in a research report on Wednesday. Finally, UBS Group increased their price target on UL Solutions from $96.00 to $97.00 and gave the company a "buy" rating in a research note on Monday, October 12th. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat, UL Solutions has an average rating of "Moderate Buy" and an average price target of $95.84.

Hedge Funds Weigh In On UL Solutions

A number of hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC boosted its position in shares of UL Solutions by 349.3% in the 1st quarter. Parallel Advisors LLC now owns 301 shares of the company's stock valued at $26,000 after purchasing an additional 234 shares during the period. Mather Group LLC. acquired a new stake in UL Solutions during the third quarter valued at $33,000. Integrated Wealth Concepts LLC bought a new stake in shares of UL Solutions in the 2nd quarter valued at approximately $34,000. Covestor Ltd bought a new stake in UL Solutions in the third quarter worth approximately $34,000. Finally, Signaturefd LLC lifted its stake in shares of UL Solutions by 90.0% in the 3rd quarter. Signaturefd LLC now owns 682 shares of the company's stock valued at $45,000 after purchasing an additional 323 shares during the last quarter.

More UL Solutions News

Here are the key news stories impacting UL Solutions this week:

• Positive Sentiment: UL Solutions reported Q3 revenue of $823 million, up 5.1% year over year and above analysts’ $815.7 million estimate. EPS was $0.62, in line with the reported consensus, and above $0.56 a year earlier. Coverage also highlighted raised guidance, record margins, and growth in certification services. Why is UL Solutions stock moving
• Positive Sentiment: Wells Fargo raised its price target to $105 from $104 and reiterated an Overweight rating, signaling continued analyst confidence. Wells Fargo recommendations
• Neutral Sentiment: Strategic investments and a forthcoming major deal were cited as potential growth drivers, though the deal’s impact will depend on execution and details. UL Solutions Q3 earnings coverage
• Negative Sentiment: One valuation analysis argues ULS may be about 13% above fair value after its strong results, raising the risk that the stock’s recent gains have priced in much of the good news. UL Solutions valuation analysis

UL Solutions Company Profile

UL Solutions Inc NYSE: ULS is a global applied safety science company that provides testing, inspection, certification, and advisory services. The company helps manufacturers, retailers, regulators, and other organizations evaluate the safety, security, performance, quality, and sustainability of products, facilities, and systems.

Its services cover a broad range of industries, including consumer products, industrial equipment, energy, mobility, information technology, and the built environment.

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