UL Solutions (NYSE:ULS) Stock Price Down 4.1% - What's Next?

UL Solutions Inc. (NYSE:ULS - Get Free Report)'s stock price was down 4.1% during trading on Tuesday . The stock traded as low as $68.32 and last traded at $68.89. Approximately 372,810 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 755,276 shares. The stock had previously closed at $71.82.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. The Goldman Sachs Group raised their target price on UL Solutions from $57.00 to $63.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Robert W. Baird raised their price objective on shares of UL Solutions from $60.00 to $73.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. lifted their price target on UL Solutions from $55.00 to $58.00 and gave the company an "overweight" rating in a research report on Friday, February 21st. Wells Fargo & Company lifted their price target on UL Solutions from $65.00 to $77.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Finally, Citigroup reaffirmed a "neutral" rating and set a $71.00 target price (up from $60.50) on shares of UL Solutions in a report on Wednesday, May 14th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $69.43.

UL Solutions Price Performance

The stock has a 50 day moving average of $63.06 and a two-hundred day moving average of $56.27. The stock has a market cap of $14.26 billion, a PE ratio of 43.90 and a beta of 1.21. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31.

UL Solutions (NYSE:ULS - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.37 earnings per share for the quarter, topping 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 firm had revenue of $705.00 million for the quarter, compared to analysts' expectations of $704.19 million. UL Solutions's revenue was up 5.2% on a year-over-year basis. Equities analysts anticipate that UL Solutions Inc. will post 1.69 EPS for the current year.

UL Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.13 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.73%. UL Solutions's dividend payout ratio is 31.14%.

Insider Activity

In other news, insider Gitte Schjotz sold 7,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $67.44, for a total transaction of $472,080.00. Following the transaction, the insider now directly owns 46,889 shares in the company, valued at $3,162,194.16. The trade was a 12.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Alberto Uggetti sold 1,938 shares of the business's stock in a transaction dated 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 trade represents a 17.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,899 shares of company stock worth $712,064. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On UL Solutions

Several large investors have recently made changes to their positions in the company. Capital International Investors grew its stake in shares of UL Solutions by 7.4% in the 4th quarter. Capital International Investors now owns 11,691,957 shares of the company's stock valued at $583,324,000 after buying an additional 809,779 shares in the last quarter. Vanguard Group Inc. boosted its position in UL Solutions by 7.8% during the fourth quarter. Vanguard Group Inc. now owns 5,573,695 shares of the company's stock worth $278,016,000 after purchasing an additional 401,492 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of UL Solutions by 7.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,530,367 shares of the company's stock worth $255,513,000 after buying an additional 305,658 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of UL Solutions by 29.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,516,380 shares of the company's stock worth $222,658,000 after buying an additional 1,022,851 shares during the period. Finally, FMR LLC boosted its holdings in shares of UL Solutions by 17.2% during the 4th quarter. FMR LLC now owns 4,178,072 shares of the company's stock worth $208,402,000 after buying 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.