UL Solutions Inc. (NYSE:ULS) Receives Average Rating of “Moderate Buy” from Analysts

UL Solutions Inc. (NYSE:ULS) has been given a consensus rating of “Moderate Buy” by the twelve brokerages that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $49.00.

ULS has been the subject of a number of research reports. Citigroup assumed coverage on UL Solutions in a report on Monday, October 7th. They issued a “buy” rating and a $60.00 price target for the company. UBS Group upped their target price on UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. The Goldman Sachs Group raised their price target on UL Solutions from $45.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Wells Fargo & Company upped their price objective on shares of UL Solutions from $56.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, Robert W. Baird increased their target price on shares of UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th.

Insider Activity

In other news, insider Gitte Schjotz sold 5,941 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $52.58, for a total transaction of $312,377.78. Following the sale, the insider now directly owns 69,191 shares of the company’s stock, valued at $3,638,062.78. The trade was a 7.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of UL Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of UL Solutions by 6.9% in the third quarter. FMR LLC now owns 3,565,238 shares of the company’s stock worth $175,766,000 after purchasing an additional 230,886 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in UL Solutions during the 2nd quarter worth approximately $96,262,000. American Century Companies Inc. acquired a new stake in UL Solutions during the 2nd quarter valued at approximately $68,832,000. Soros Fund Management LLC boosted its holdings in shares of UL Solutions by 127.4% in the 3rd quarter. Soros Fund Management LLC now owns 1,137,077 shares of the company’s stock valued at $56,058,000 after acquiring an additional 637,077 shares during the last quarter. Finally, AltraVue Capital LLC acquired a new stake in shares of UL Solutions in the second quarter worth $35,050,000.

UL Solutions Trading Up 0.5 %

ULS stock opened at $50.89 on Wednesday. UL Solutions has a twelve month low of $33.15 and a twelve month high of $59.23. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. The business’s fifty day simple moving average is $52.22 and its two-hundred day simple moving average is $49.19.

UL Solutions (NYSE:ULS) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.10. The company had revenue of $731.00 million during the quarter, compared to analysts’ expectations of $709.41 million. UL Solutions had a net margin of 10.76% and a return on equity of 40.88%. UL Solutions’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, analysts predict that UL Solutions will post 1.53 earnings per share for the current year.

UL Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Friday, November 29th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Friday, November 29th.

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.