UL Solutions (NYSE:ULS) Stock Price Down 8.1% – What’s Next?

UL Solutions Inc. (NYSE:ULS)’s stock price traded down 8.1% during trading on Monday . The company traded as low as $91.90 and last traded at $89.1380. Approximately 395,474 shares were traded during mid-day trading, a decline of 58% from the average daily volume of 941,357 shares. The stock had previously closed at $96.99.

Analyst Ratings Changes

Several brokerages have weighed in on ULS. Weiss Ratings raised UL Solutions from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, May 8th. JPMorgan Chase & Co. upped their price target on UL Solutions from $88.00 to $108.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Telsey Advisory Group set a $100.00 price target on UL Solutions in a research note on Wednesday, May 6th. Raymond James Financial restated an “outperform” rating and issued a $115.00 price objective on shares of UL Solutions in a research note on Wednesday, May 6th. Finally, Zacks Research raised shares of UL Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $101.54.

UL Solutions Price Performance

The business’s 50 day moving average is $97.18 and its two-hundred day moving average is $86.13. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 1.16. The firm has a market capitalization of $18.15 billion, a PE ratio of 53.00, a price-to-earnings-growth ratio of 3.77 and a beta of 0.63.

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

UL Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 29th were issued a dividend of $0.145 per share. The ex-dividend date of this dividend 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 is 33.92%.

Insider Buying and Selling at UL Solutions

In other UL Solutions news, insider Gitte Schjotz sold 9,865 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $96.98, for a total value of $956,707.70. Following the completion of the transaction, the insider owned 59,341 shares in the company, valued at $5,754,890.18. This trade represents a 14.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Alberto Uggetti sold 6,100 shares of UL Solutions stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $100.00, for a total value of $610,000.00. Following the transaction, the executive vice president directly owned 10,307 shares of the company’s stock, valued at $1,030,700. The trade was a 37.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 65,705 shares of company stock worth $6,460,300 in the last three months. 1.20% of the stock is currently owned by corporate insiders.

Institutional Trading of UL Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC lifted its stake in UL Solutions by 349.3% in the 1st quarter. Parallel Advisors LLC now owns 301 shares of the company’s stock worth $26,000 after purchasing an additional 234 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of UL Solutions by 3,070.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock valued at $46,000 after purchasing an additional 614 shares in the last quarter. Rhumbline Advisers bought a new position in shares of UL Solutions in the first quarter worth $49,000. CIBC Private Wealth Group LLC increased its holdings in shares of UL Solutions by 112.7% in 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 during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of UL Solutions by 60.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,383 shares of the company’s stock worth $109,000 after buying an additional 519 shares in the last quarter.

UL Solutions Company Profile

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.