UL Solutions Inc. (NYSE:ULS - Get Free Report) insider Gitte Schjotz sold 5,941 shares of the business's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $52.58, for a total transaction of $312,377.78. Following the completion of the sale, the insider now owns 69,191 shares in the company, valued at approximately $3,638,062.78. This trade represents a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
UL Solutions Trading Down 2.2 %
Shares of ULS opened at $51.18 on Thursday. The company has a 50 day moving average price of $52.31 and a 200-day moving average price of $48.50. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. UL Solutions Inc. has a fifty-two week low of $33.15 and a fifty-two week high of $59.23.
UL Solutions (NYSE:ULS - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.10. The firm had revenue of $731.00 million during the quarter, compared to analysts' expectations of $709.41 million. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. UL Solutions's revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, research analysts forecast that UL Solutions Inc. will post 1.53 EPS for the current year.
UL Solutions Announces Dividend
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The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Friday, November 29th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend was Friday, November 29th.
Institutional Trading of UL Solutions
Several hedge funds and other institutional investors have recently made changes to their positions in ULS. Stone House Investment Management LLC acquired a new stake in UL Solutions in the 3rd quarter worth approximately $25,000. EverSource Wealth Advisors LLC acquired a new stake in shares of UL Solutions during the second quarter worth $29,000. Sunbelt Securities Inc. purchased a new stake in shares of UL Solutions during the second quarter valued at $72,000. Daiwa Securities Group Inc. acquired a new position in shares of UL Solutions in the 2nd quarter valued at $84,000. Finally, Northwest & Ethical Investments L.P. purchased a new position in UL Solutions in the 3rd quarter worth $84,000.
Analysts Set New Price Targets
Several research analysts recently commented on ULS shares. Robert W. Baird lifted their price target on UL Solutions from $53.00 to $57.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 6th. Wells Fargo & Company boosted their target price on UL Solutions from $56.00 to $62.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. UBS Group increased their price target on UL Solutions from $52.00 to $54.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Citigroup began coverage on shares of UL Solutions in a research note on Monday, October 7th. They set a "buy" rating and a $60.00 price objective for the company. Finally, The Goldman Sachs Group increased their target price on shares of UL Solutions from $45.00 to $51.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, UL Solutions has a consensus rating of "Moderate Buy" and an average price target of $49.00.
View Our Latest Stock Analysis on ULS
About UL Solutions
(
Get Free Report)
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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