William Blair Initiates Coverage on UL Solutions (NYSE:ULS)

Research analysts at William Blair initiated coverage on shares of UL Solutions (NYSE:ULS) in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage set an “outperform” rating on the stock.

A number of other research firms have also weighed in on ULS. UBS Group initiated coverage on shares of UL Solutions in a research note on Tuesday. They set a “neutral” rating and a $38.00 target price on the stock. Robert W. Baird initiated coverage on shares of UL Solutions in a research note on Tuesday. They set an “outperform” rating and a $40.00 target price on the stock. Bank of America started coverage on shares of UL Solutions in a research note on Tuesday. They set a “buy” rating and a $42.00 target price on the stock. The Goldman Sachs Group started coverage on shares of UL Solutions in a research note on Tuesday. They issued a “neutral” rating and a $39.00 price target on the stock. Finally, Stifel Nicolaus started coverage on shares of UL Solutions in a research note on Tuesday. They issued a “buy” rating and a $40.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, UL Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $40.30.

UL Solutions Stock Down 0.1 %

ULS stock opened at $35.76 on Tuesday. UL Solutions has a fifty-two week low of $33.15 and a fifty-two week high of $36.92.

Insider Activity

In other UL Solutions news, Director James M. Shannon purchased 7,142 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was purchased at an average price of $28.00 per share, for a total transaction of $199,976.00. Following the purchase, the director now directly owns 7,142 shares in the company, valued at $199,976. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other UL Solutions news, Director James M. Shannon acquired 7,142 shares of the stock in a transaction on Tuesday, April 16th. The shares were bought at an average cost of $28.00 per share, with a total value of $199,976.00. Following the transaction, the director now owns 7,142 shares of the company’s stock, valued at approximately $199,976. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer F. Scanlon acquired 89,285 shares of the stock in a transaction on Tuesday, April 16th. The shares were acquired at an average cost of $28.00 per share, for a total transaction of $2,499,980.00. Following the completion of the transaction, the chief executive officer now directly owns 89,285 shares in the company, valued at approximately $2,499,980. The disclosure for this purchase can be found here. Insiders have acquired 199,997 shares of company stock valued at $5,599,916 in the last ninety days.

About UL Solutions

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.