SG Americas Securities LLC Sells 8,880 Shares of UL Solutions Inc. $ULS

SG Americas Securities LLC cut its stake in shares of UL Solutions Inc. (NYSE:ULS) by 51.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 8,465 shares of the company’s stock after selling 8,880 shares during the quarter. SG Americas Securities LLC’s holdings in UL Solutions were worth $726,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its position in UL Solutions by 3,070.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock worth $46,000 after purchasing an additional 614 shares in the last quarter. Rhumbline Advisers acquired a new stake in UL Solutions in the 1st quarter valued at about $49,000. CIBC Private Wealth Group LLC grew its stake in shares of UL Solutions by 112.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 904 shares of the company’s stock worth $71,000 after purchasing an additional 479 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of UL Solutions by 60.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,383 shares of the company’s stock valued at $109,000 after buying an additional 519 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in UL Solutions in the fourth quarter valued at approximately $115,000.

Insider Transactions at UL Solutions

In related news, CAO Karen K. Pepping sold 725 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $97.74, for a total transaction of $70,861.50. Following the transaction, the chief accounting officer owned 8,082 shares of the company’s stock, valued at approximately $789,934.68. This trade represents a 8.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Friedrich Hecker sold 4,000 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $102.04, for a total value of $408,160.00. Following the sale, the director owned 13,180 shares of the company’s stock, valued at approximately $1,344,887.20. This trade represents a 23.28% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 65,705 shares of company stock worth $6,460,300. 1.20% of the stock is owned by company insiders.

UL Solutions Stock Performance

Shares of ULS opened at $89.71 on Tuesday. The firm has a fifty day moving average of $97.17 and a 200-day moving average of $86.21. UL Solutions Inc. has a 1 year low of $61.64 and a 1 year high of $107.54. The company has a market cap of $18.08 billion, a price-to-earnings ratio of 52.74, a price-to-earnings-growth ratio of 3.77 and a beta of 0.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.16.

UL Solutions (NYSE:ULS) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. The company had revenue of $758.00 million for the quarter, compared to the consensus estimate of $748.50 million. UL Solutions had a net margin of 11.24% and a return on equity of 30.99%. UL Solutions’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.37 EPS. As a group, equities analysts anticipate that UL Solutions Inc. will post 2.1 earnings per share for the current year.

UL Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 29th were given a dividend of $0.145 per share. The ex-dividend date was Friday, May 29th. This represents a $0.58 dividend on an annualized basis and a yield of 0.6%. UL Solutions’s dividend payout ratio (DPR) is presently 33.92%.

Analyst Ratings Changes

A number of equities research analysts have commented on ULS shares. Raymond James Financial reissued an “outperform” rating and issued a $115.00 target price on shares of UL Solutions in a report on Wednesday, May 6th. Wells Fargo & Company increased their price target on UL Solutions from $102.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Wall Street Zen raised shares of UL Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of UL Solutions in a research note on Wednesday, May 6th. Finally, Telsey Advisory Group set a $100.00 price target on UL Solutions in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $101.54.

About UL Solutions

UL Solutions (NYSE: ULS) is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters’ Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.

The company’s core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.